Settings8H · net · $10k
Funding arb · Price arb /

LA

all LA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.061%
Price spread now: KuCoin against BloFin+0.121%50s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$610as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$6286.281% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.182%+$18 on $10k
Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.121%, 7d avg +0.059%
Together, before fees−0.119%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.063% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.059%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin LA-USDT0.07408−0.0125get 0.0063% / 4h3h 18m$245K$20K25x
ShortKuCoin LAUSDTM0.07417−0.0066pay 0.0033% / 4h3h 18m$1.0M$82K30x

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

Funding earned
$12.43
Price spread: +0.121% → +0.059%
$6.29
Slippage, 4 orders
−$604.11
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$609.4
Costs to cover
6.281%
Break-even
350.1 days
Slippage from BloFin: live order book, 3 min ago; KuCoin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago4.04 bp15.9 bp −$1635.6 bp −$356doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago10.11 bp438.7 bp −$439doesn't fitdoesn't fitdoesn't fit

LA on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget LAUSDT−0.0550%4h0.07414+0.081%$2.0M$477K25xas long as short
BingX LA-USDT−0.0544%4h0.07421+0.175%$6.6Mas long as short
Aster LAUSDT−0.0297%4h0.07419+0.149%$51K$25K5xas long as short
Binance LAUSDT−0.0170%4h0.07419+0.148%$4.7M$9.7M25xas long as short
MEXC LA_USDT−0.0168%4h0.07420+0.162%$376K$134K50xas long as short
BloFin LA-USDTlong−0.0125%4h0.07408long leg$245K$20K25x
KuCoin LAUSDTMshort−0.0066%4h0.07417+0.121%$1.0M$82K30x
Bybit LAUSDT+0.0100%4h0.07428+0.270%$2.4M$2.6M25xas long as short
OKX LA-USDT-SWAP+0.0100%4h0.07422+0.189%$1.3M$3.0M20xas long as short
Gate LA_USDT+0.0100%4h0.07416+0.108%$238K$830K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT LA_USDT_Perp+0.0100%4h0.07412+0.057%$146K$467K10xas long as short