Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.8% APRnext payment −$0.22 per $10,000 · paid last 24h −0.002%
Price spread now: KuCoin against BloFin−0.128%80s7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as 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−$2252.249% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.361%+$36 · spread now −0.128%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.161% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 80 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 | BloFin GIGGLE-USDT | 38.990 | 0.0143 | pay 0.0072% / 4h | 3h 15m | $491K | $39K | 50x |
| Short | KuCoin GIGGLEUSDTM | 38.940 | 0.0100 | get 0.0050% / 4h | 3h 15m | $2.1M | $3.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$9.12
- Price spread: −0.128% → +0.033%
- −$16.11
- Slippage, 4 orders
- −$200.85
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$250.08
- Costs to cover
- 2.249%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 15 min ago; KuCoin: live order book, 2 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 BloFin live order book, 15 min ago | 1.26 bp | 18.3 bp −$18 | 37.3 bp −$373 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 3.85 bp | 52.1 bp −$52 | 753.5 bp −$7,535 | doesn't fit | doesn't fit |
GIGGLE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster GIGGLEUSDT | +0.0100% | 4h | 38.997 | +0.019% | $46K | $133K | 5x | as long as short |
| Binance GIGGLEUSDT | +0.0100% | 4h | 38.983 | −0.019% | $11.3M | $14.9M | 50x | as long as short |
| Bybit GIGGLEUSDT | +0.0100% | 4h | 39.010 | +0.051% | $1.6M | $1.8M | 25x | as long as short |
| OKX GIGGLE-USDT-SWAP | +0.0100% | 4h | 39.020 | +0.077% | $1.3M | $4.6M | 50x | as long as short |
| Gate GIGGLE_USDT | +0.0100% | 4h | 38.980 | −0.026% | $369K | $585K | 50x | as long as short |
| KuCoin GIGGLEUSDTMshort | +0.0100% | 4h | 38.940 | −0.128% | $2.1M | $3.9M | 50x | |
| Bitget GIGGLEUSDT | +0.0100% | 4h | 38.990 | 0.000% | $1.7M | $452K | 25x | as long as short |
| Variational Omni GIGGLE | +0.0100% | 4h | 39.003 | +0.034% | $27K | $3K | — | as long as short |
| GRVT GIGGLE_USDT_Perp | +0.0100% | 4h | 38.950 | −0.103% | $205K | $483K | 10x | as long as short |
| SunX GIGGLE-USDT | +0.0100% | 4h | 38.970 | −0.051% | $2K | $1.4M | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GIGGLE-USD | +0.0104% | 1h | 38.961 | −0.075% | $2K | $146K | 5x | as long as short |
| BloFin GIGGLE-USDTlong | +0.0143% | 4h | 38.990 | long leg | $491K | $39K | 50x | |
| MEXC GIGGLE_USDT | +0.0228% | 4h | 38.970 | −0.051% | $1.4M | $674K | 50x | as long as short |
| BingX GIGGLE-USDT | +0.0228% | 4h | 38.990 | 0.000% | — | $6.7M | — | as long as short |
BloFin GIGGLE-USDT
KuCoin GIGGLEUSDTM
Aster GIGGLEUSDT
Binance GIGGLEUSDT
Bybit GIGGLEUSDT
OKX GIGGLE-USDT-SWAP
Gate GIGGLE_USDT
Bitget GIGGLEUSDT
Variational Omni GIGGLE
GRVT GIGGLE_USDT_Perp
SunX GIGGLE-USDT
Extended GIGGLE-USD
MEXC GIGGLE_USDT
BingX GIGGLE-USDT