Funding you earn now, next payment 04:00 UTC−0.0387%/8h= −42.4% APRnext payment −$1.93 per $10,000 · paid last 24h −0.203%
Price spread now: Bybit against BloFin−0.186%232s7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$348as 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−$3073.074% of the position
Funding, last 7 days−0.403%−$40 on $10k
+Price spread, last 3 days (all we have)+0.155%+$15 · spread now −0.186%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.120% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.066%). Swap the legs. The two prices were read 232 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 KGEN-USDT | 0.1610 | 0.0487 | pay 0.0243% / 4h | 2h 45m | $224K | $18K | 50x |
| Short | Bybit KGENUSDT | 0.1607 | 0.0100 | get 0.0050% / 4h | 2h 45m | $747K | $335K | 20x |
BloFin KGEN-USDT
Bybit KGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$81.23
- Price spread: −0.186% → −0.066%
- −$12.04
- Slippage, 4 orders
- −$284.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$400.69
- Costs to cover
- 3.074%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 15 min ago; Bybit: live order book, 19 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 | 6.20 bp | 31.4 bp −$31 | 121.3 bp −$1,213 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 19 min ago | 6.19 bp | 138.9 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
KGEN on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDTshort | +0.0100% | 4h | 0.1607 | −0.186% | $747K | $335K | 20x | |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1609 | −0.062% | $194K | $123K | 10x | as long as short |
| Gate KGEN_USDT | +0.0100% | 4h | 0.1604 | −0.379% | $1.5M | $90K | 50x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1608 | −0.093% | $736K | $1.6M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1607 | −0.202% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1605 | −0.311% | $2K | $880K | 20x | as long as short |
| Bitget KGENUSDT | +0.0326% | 4h | 0.1609 | −0.081% | $1.7M | $173K | 50x | as long as short |
| BloFin KGEN-USDTlong | +0.0487% | 4h | 0.1610 | long leg | $224K | $18K | 50x | |
| BingX KGEN-USDT | +0.0508% | 4h | 0.1608 | −0.124% | — | $6.5M | — | as long as short |
| MEXC KGEN_USDT | +0.0524% | 4h | 0.1607 | −0.186% | $450K | $97K | 50x | as long as short |
OKX KGEN-USDT-SWAP
Gate KGEN_USDT
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
Bitget KGENUSDT
BingX KGEN-USDT
MEXC KGEN_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance KGENUSDT | +0.0524% | 4h | 0.1608 | −0.124% | $4.9M | $901K | 50x | as long as short |
| Aster KGENUSDT | +0.1023% | 4h | 0.1606 | −0.278% | $19K | $4K | 5x | as long as short |
Binance KGENUSDT
Aster KGENUSDT