Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against KuCoin+0.301%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$790.792% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)−0.392%−$39 · spread now +0.301%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.268% dearer against KuCoin than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FETUSDTM | 0.1992 | 0.0100 | pay 0.0100% / 8h | 3h 18m | $10.3M | $18.6M | 50x |
| Short | BloFin FET-USDT | 0.1998 | 0.0220 | get 0.0220% / 8h | 3h 18m | $1.7M | $3.1M | 100x |
KuCoin FETUSDTM
BloFin FET-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
- $25.2
- Price spread: +0.301% → +0.033%
- $26.83
- Slippage, 4 orders
- −$55.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.18
- Costs to cover
- 0.792%
- Break-even
- 14.6 days
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago | 2.51 bp | 17.2 bp −$17 | 68.2 bp −$682 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 7.54 bp | 18.2 bp −$18 | 25.3 bp −$253 | 83.9 bp −$8,392 | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4243% | 1h | 0.1994 | +0.100% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.2001 | +0.452% | $148K | $257K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0367% | 1h | 0.1996 | +0.192% | $976K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1993 | +0.027% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.904% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1991 | −0.054% | $192K | $808K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1993 | +0.026% | $30.4M | $114.0M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1991 | −0.050% | $2.6M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1994 | +0.100% | $29.7M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.1992 | long leg | $10.3M | $18.6M | 50x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.1998 | +0.309% | $274K | $478K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1992 | 0.000% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1992 | +0.021% | $33K | $237K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1992 | +0.017% | $13K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.1998 | +0.301% | $1.7M | $3.1M | 100x | |
| BingX FET-USDT | +0.0238% | 8h | 0.1992 | 0.000% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0248% | 8h | 0.1994 | +0.100% | $16.2M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0381% | 4h | 0.1994 | +0.100% | $1.0M | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.1995 | +0.146% | $35K | $38K | 5x | as long as short |
| Hyperliquid FET | +0.0667% | 1h | 0.1994 | +0.078% | $8.5M | $8.4M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET