ID

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0257%/8h= −28.1% APRnext payment −$1.28 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against KuCoin+0.054%50s7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$292as 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−$2902.900% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.054%, 7d avg +0.095%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.095%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IDUSDTM	0.03730	0.0304	pay 0.0152% / 4h	3h 30m	$1.0M	$61K	30x
Short	BloFin ID-USDT	0.03732	0.0047	get 0.0024% / 4h	3h 30m	$162K	$11K	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$53.91
Price spread: +0.054% → +0.095%: −$4.16
Slippage, 4 orders: −$266.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$348.08
Costs to cover: 2.900%
Break-even: never at this rate

Slippage from KuCoin: live order book, 14 min ago; BloFin: live order book, 11 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	25.60 bp	86.2 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 11 min ago	2.70 bp	22.2 bp −$22	40.5 bp −$405	doesn't fit	doesn't fit

ID on 11 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
BloFin ID-USDTshort	+0.0047%	4h	0.03732	+0.054%	$162K	$11K	50x
Aster IDUSDT	+0.0100%	4h	0.03738	+0.204%	$9K	$2K	5x	as long as short
Binance IDUSDT	+0.0100%	4h	0.03736	+0.161%	$2.4M	$3.3M	50x	as long as short
Bybit IDUSDT	+0.0100%	8h	0.03736	+0.161%	$1.3M	$995K	25x	as long as short
MEXC ID_USDT	+0.0100%	4h	0.03737	+0.188%	$345K	$135K	20x	as long as short
Bitget IDUSDT	+0.0100%	4h	0.03735	+0.134%	$766K	$557K	50x	as long as short
BingX ID-USDT	+0.0100%	4h	0.03736	+0.161%	—	$2.3M	—	as long as short
Variational Omni ID	+0.0100%	8h	0.03735	+0.146%	$12K	$20K	—	as long as short
KuCoin IDUSDTMlong	+0.0304%	4h	0.03730	long leg	$1.0M	$61K	30x
Kraken Futures PF_IDUSD	+0.0598%	1h	0.03736	+0.169%	$4K	$2K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ID_USDT	+0.1272%	4h	0.03737	+0.188%	$270K	$211K	25x	as long as short