INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against KuCoin0.000%80s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,074as 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−$1,07410.742% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now 0.000%, 7d avg +0.057%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.057%). 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	KuCoin INITUSDTM	0.08382	0.0100	pay 0.0050% / 4h	3h 31m	$326K	$37K	25x
Short	BloFin INIT-USDT	0.08382	0.0059	get 0.0029% / 4h	3h 31m	$152K	$35K	25x

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 0.000%Rate

Funding earned: −$8.7
Price spread: 0.000% → +0.057%: −$5.7
Slippage, 4 orders: −$1,050.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,088.63
Costs to cover: 10.742%
Break-even: never at this rate

Slippage from KuCoin: live order book, 61 min ago; BloFin: live order book, 33 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, 61 min ago	28.58 bp	625.4 bp −$625	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 33 min ago	2.98 bp	32.4 bp −$32	74.4 bp −$744	doesn't fit	doesn't fit

INIT on 13 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
Kraken Futures PF_INITUSD	−0.0127%	1h	0.08373	−0.108%	$5K	$13K	10x	as long as short
BloFin INIT-USDTshort	+0.0059%	4h	0.08382	0.000%	$152K	$35K	25x
Hyperliquid INIT	+0.0100%	1h	0.08374	−0.091%	$312K	$137K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08385	+0.032%	$28K	$7K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08374	−0.095%	$3.5M	$2.4M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08369	−0.155%	$1.4M	$1.1M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08384	+0.024%	$141K	$420K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08374	−0.095%	$82K	$15K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08374	−0.095%	$444K	$140K	20x	as long as short
KuCoin INITUSDTMlong	+0.0100%	4h	0.08382	long leg	$326K	$37K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INITUSDT	+0.0100%	4h	0.08381	−0.012%	$436K	$191K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08374	−0.095%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08376	−0.070%	$27K	$10K	—	as long as short