Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against BloFin−0.197%50s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as 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−$810.813% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)−0.440%−$44 · spread now −0.197%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.172% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.025%). Swap the legs. 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 OP-USDT | 0.1270 | 0.0220 | pay 0.0220% / 8h | 5h 28m | $1.0M | $273K | 75x |
| Short | KuCoin OPUSDTM | 0.1267 | 0.0100 | get 0.0100% / 8h | 5h 28m | $2.9M | $6.7M | 75x |
BloFin OP-USDT
KuCoin OPUSDTMFunding 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
- −$25.2
- Price spread: −0.197% → −0.025%
- −$17.2
- Slippage, 4 orders
- −$57.29
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$123.69
- Costs to cover
- 0.813%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 10 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, 4 min ago | 0.39 bp | 10.2 bp −$10 | 14.3 bp −$143 | 44.7 bp −$4,469 | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 3.96 bp | 24.8 bp −$25 | 70.4 bp −$704 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1488% | 1h | 0.1265 | −0.354% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1268 | −0.102% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1270 | +0.011% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1268 | −0.118% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1269 | −0.067% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0027% | 8h | 0.1267 | −0.221% | $6.1M | $29.0M | 50x | as long as short |
| Variational Omni OP | +0.0050% | 8h | 0.1271 | +0.086% | $225K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1268 | −0.118% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1269 | −0.024% | $280K | $936K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1269 | −0.047% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1269 | −0.002% | $212K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1268 | −0.131% | $20.5M | $60.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1266 | −0.276% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1269 | −0.039% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1268 | −0.126% | $20.8M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTMshort | +0.0100% | 8h | 0.1267 | −0.197% | $2.9M | $6.7M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1267 | −0.197% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1268 | −0.126% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1268 | −0.102% | $121K | $195K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | −0.023% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1272 | +0.166% | $313K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1272 | +0.197% | $44K | $707K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | −0.150% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1270 | +0.071% | $175K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1267 | −0.205% | $106K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | −0.158% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1265 | −0.354% | $24K | $70K | 50x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1270 | long leg | $1.0M | $273K | 75x | |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1267 | −0.171% | $705 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0489% | 1h | 0.1269 | −0.045% | $801K | $576K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP
Kraken Futures PF_OPUSD