IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against KuCoin0.000%50s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as 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 KuCoin Short on BloFin

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)+0.014%+$1 · spread now 0.000%, 7d avg +0.025%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.025%). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour. 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	KuCoin IOUSDTM	0.1498	0.0100	pay 0.0050% / 4h	1h 18m	$350K	$191K	50x
Short	BloFin IO-USDT	0.1498	0.0133	get 0.0066% / 4h	1h 18m	$191K	$34K	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 0.000%Rate

Funding earned: $6.83
Price spread: 0.000% → +0.025%: −$2.53
Slippage, 4 orders: −$181.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$201.58
Costs to cover: 2.059%
Break-even: 213.5 days

Slippage from KuCoin: live order book, 36 min ago; BloFin: live order book, 57 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, 36 min ago	6.70 bp	91.7 bp −$92	551.7 bp −$5,517	doesn't fit	doesn't fit
Sell BloFin live order book, 57 min ago	6.71 bp	18.5 bp −$19	69.8 bp −$698	492.3 bp −$49.2K	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
Hyperliquid IO	+0.0100%	1h	0.1498	0.000%	$995K	$265K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1498	+0.004%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1497	−0.051%	$3.0M	$5.1M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1496	−0.147%	$1.1M	$676K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1498	0.000%	$232K	$480K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1496	−0.134%	$1.2M	$226K	125x	as long as short
KuCoin IOUSDTMlong	+0.0100%	4h	0.1498	long leg	$350K	$191K	50x
Bitget IOUSDT	+0.0100%	4h	0.1499	+0.067%	$1.4M	$1.0M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1497	−0.067%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1497	−0.084%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1497	−0.075%	$591	$206K	5x	as long as short
BloFin IO-USDTshort	+0.0133%	4h	0.1498	0.000%	$191K	$34K	50x
Injective IO/USDC PERP	+0.0204%	1h	0.1492	−0.401%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8692%	1h	0.1490	−0.526%	$38K	$7K	10x	as long as short