Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.050%
Price spread now: BloFin against KuCoin+0.153%50s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$573as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5935.925% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 3 days (all we have)+0.802%+$80 · spread now +0.153%, 7d avg +0.073%
=The price spread pays, funding is against you. BloFin is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.073%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 28 days. Mind the row above: over the last 7 days funding on this pair paid +0.193%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin EDGEUSDTM | 0.5898 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $2.1M | $2.2M | 50x |
| Short | BloFin EDGE-USDT | 0.5907 | 0.0091 | get 0.0045% / 4h | 3h 32m | $643K | $126K | 50x |
KuCoin EDGEUSDTM
BloFin EDGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.96
- Price spread: +0.153% → +0.073%
- $7.93
- Slippage, 4 orders
- −$568.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$586.55
- Costs to cover
- 5.925%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 14 min ago; BloFin: live order book, 14 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 14 min ago | 6.76 bp | 186.3 bp −$186 | 1009.5 bp −$10.1K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 5.91 bp | 31.1 bp −$31 | 95.2 bp −$952 | doesn't fit | doesn't fit |
EDGE on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERP | −0.0863% | 1h | 0.5904 | +0.093% | $57K | $98K | 3.3x | as long as short |
| BloFin EDGE-USDTshort | +0.0091% | 4h | 0.5907 | +0.153% | $643K | $126K | 50x | |
| Lighter EDGE | +0.0096% | 1h | 0.5897 | −0.014% | $55K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5901 | +0.051% | $7.0M | $3.2M | 25x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0100% | 4h | 0.5916 | +0.305% | $3.6M | $5.7M | 20x | as long as short |
| KuCoin EDGEUSDTMlong | +0.0100% | 4h | 0.5898 | long leg | $2.1M | $2.2M | 50x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5894 | −0.068% | $4.7M | $967K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5879 | −0.329% | $192K | $130K | — | as long as short |
| edgeX EDGEUSDC | +0.0100% | 4h | 0.5898 | −0.003% | $14.1M | $3.4M | 30x | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5891 | −0.111% | $3K | $1.6M | 10x | as long as short |
Backpack EDGE_USDC_PERP
Lighter EDGE
Bybit EDGEUSDT
OKX EDGE-USDT-SWAP
Bitget EDGEUSDT
Variational Omni EDGE
edgeX EDGEUSDC
GRVT EDGE_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5895 | −0.051% | $1K | $293K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5864 | −0.576% | $3K | $586K | 10x | as long as short |
| Aster EDGEUSDT | +0.0110% | 4h | 0.5901 | +0.050% | $68K | $134K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0118% | 4h | 0.5913 | +0.254% | $1.2M | $920K | 50x | as long as short |
| Binance EDGEUSDT | +0.0119% | 4h | 0.5914 | +0.278% | $10.0M | $9.8M | 50x | as long as short |
| Extended EDGE-USD | +0.0120% | 1h | 0.5913 | +0.249% | $27K | $230K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0369% | 4h | 0.5912 | +0.237% | $3K | — | 10x | as long as short |
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDT
MEXC EDGE_USDT
Binance EDGEUSDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC