Funding you earn now, next payment 04:00 UTC−0.0366%/8h= −40.0% APRnext payment −$1.83 per $10,000 · paid last 24h −0.002%
Price spread now: KuCoin against BloFin−0.256%80s7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$274as 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−$2702.704% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.187%−$19 · spread now −0.256%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.198% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.058%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NOT-USDT | 0.0005080 | 0.0144 | pay 0.0072% / 4h | 1h 27m | $111K | $17K | 50x |
| Short | KuCoin NOTUSDTM | 0.0005067 | −0.0222 | pay 0.0111% / 4h | 1h 27m | $466K | $130K | 50x |
BloFin NOT-USDT
KuCoin NOTUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$76.76
- Price spread: −0.256% → −0.058%
- −$19.81
- Slippage, 4 orders
- −$246.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$367
- Costs to cover
- 2.704%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; KuCoin: live order book, 70 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, 8 min ago | 6.89 bp | 19.0 bp −$19 | 73.5 bp −$735 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 70 min ago | 20.74 bp | 130.3 bp −$130 | 365.9 bp −$3,659 | doesn't fit | doesn't fit |
NOT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOT | −0.0322% | 4h | 0.0005075 | −0.099% | $72K | $39K | — | as long as short |
| KuCoin NOTUSDTMshort | −0.0222% | 4h | 0.0005067 | −0.256% | $466K | $130K | 50x | |
| Injective NOT/USDC PERP | +0.0033% | 1h | 0.0004874 | −4.055% | $1K | $13K | 5.5x | as long as short |
| Lighter 1000NOT | +0.0096% | 1h | 0.0005087 | +0.132% | $11K | $4K | 3x | as long as short |
| Hyperliquid NOT | +0.0100% | 1h | 0.0005080 | 0.000% | $370K | $51K | 3x | as long as short |
| Aster NOTUSDT | +0.0100% | 4h | 0.0005081 | +0.012% | $14K | $9K | 5x | as long as short |
| Binance NOTUSDT | +0.0100% | 4h | 0.0005077 | −0.049% | $2.1M | $3.1M | 50x | as long as short |
| Bybit NOTUSDT | +0.0100% | 4h | 0.0005070 | −0.197% | $2.1M | $857K | 25x | as long as short |
| OKX NOT-USDT-SWAP | +0.0100% | 4h | 0.0005077 | −0.059% | $634K | $653K | 20x | as long as short |
| Gate NOT_USDT | +0.0100% | 4h | 0.0005075 | −0.098% | $143K | $68K | 50x | as long as short |
Variational Omni NOT
Injective NOT/USDC PERP
Lighter 1000NOT
Hyperliquid NOT
Aster NOTUSDT
Binance NOTUSDT
Bybit NOTUSDT
OKX NOT-USDT-SWAP
Gate NOT_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NOT_USDT | +0.0100% | 4h | 0.0005078 | −0.039% | $1.3M | $440K | 200x | as long as short |
| Bitget NOTUSDT | +0.0100% | 4h | 0.0005080 | 0.000% | $674K | $411K | 50x | as long as short |
| BingX NOT-USDC | +0.0100% | 4h | 0.0005078 | −0.039% | — | $723K | — | as long as short |
| Extended kNOT-USD | +0.0104% | 1h | 0.0005077 | −0.067% | $4K | $491 | 5x | as long as short |
| BloFin NOT-USDTlong | +0.0144% | 4h | 0.0005080 | long leg | $111K | $17K | 50x | |
| Kraken Futures PF_NOTUSD | +0.1947% | 1h | 0.0005081 | +0.025% | $50K | $9K | 10x | as long as short |
MEXC NOT_USDT
Bitget NOTUSDT
BingX NOT-USDC
Extended kNOT-USD
Kraken Futures PF_NOTUSD