IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against BloFin−0.200%50s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as 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−$2062.059% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.200%, 7d avg −0.025%

Together, before fees+0.255%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.175% cheaper against BloFin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.025%. 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	BloFin IO-USDT	0.1497	0.0094	pay 0.0047% / 4h	1h 16m	$192K	$34K	50x
Short	KuCoin IOUSDTM	0.1494	0.0100	get 0.0050% / 4h	1h 16m	$349K	$191K	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 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.200%Rate

Funding earned: $1.17
Price spread: −0.200% → −0.025%: −$17.51
Slippage, 4 orders: −$181.88
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$222.22
Costs to cover: 2.059%
Break-even: 1334.5 days

Slippage from BloFin: live order book, 59 min ago; KuCoin: live order book, 38 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, 59 min ago	6.71 bp	25.4 bp −$25	76.1 bp −$761	doesn't fit	doesn't fit
Sell KuCoin live order book, 38 min ago	6.70 bp	70.1 bp −$70	378.9 bp −$3,789	doesn't fit	doesn't fit

IO 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
BloFin IO-USDTlong	+0.0094%	4h	0.1497	long leg	$192K	$34K	50x
Hyperliquid IO	+0.0100%	1h	0.1494	−0.167%	$993K	$265K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1494	−0.191%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1494	−0.200%	$3.0M	$5.0M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1494	−0.227%	$1.1M	$668K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1495	−0.160%	$231K	$480K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1492	−0.334%	$1.2M	$226K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1494	−0.200%	$349K	$191K	50x
Bitget IOUSDT	+0.0100%	4h	0.1496	−0.067%	$1.4M	$999K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1494	−0.200%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1497	−0.017%	$30K	$18K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1494	−0.219%	$591	$205K	5x	as long as short
Injective IO/USDC PERP	+0.0204%	1h	0.1498	+0.067%	$2K	$201	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8531%	1h	0.1496	−0.043%	$39K	$7K	10x	as long as short