Funding you earn now, next payment 04:00 UTC−0.0318%/8h= −34.8% APRnext payment −$1.59 per $10,000 · paid last 24h −0.019%
Price spread now: BloFin against KuCoin+0.016%65s7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as 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−$950.946% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)−1.573%−$157 · spread now +0.016%, 7d avg +0.142%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BloFin is 0.126% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.142%). Swap the legs. The two prices were read 65 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 -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.59 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 | KuCoin PIEVERSEUSDTM | 1.8103 | 0.0842 | pay 0.0421% / 4h | 1h 26m | $13.8M | $2.4M | 20x |
| Short | BloFin PIEVERSE-USDT | 1.8106 | 0.0524 | get 0.0262% / 4h | 1h 26m | $1.1M | $2.3M | 40x |
KuCoin PIEVERSEUSDTM
BloFin PIEVERSE-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.72
- Price spread: +0.016% → +0.142%
- −$12.55
- Slippage, 4 orders
- −$70.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$173.85
- Costs to cover
- 0.946%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 2 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, 3 min ago | 4.14 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 5.51 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
PIEVERSE 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIEVERSEUSDT | +0.0100% | 4h | 1.8112 | +0.050% | $10.8M | $10.7M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8088 | −0.083% | $8.2M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8138 | +0.193% | $3.9M | $2.2M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8088 | −0.085% | $48K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8097 | −0.034% | $2K | $672K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0415% | 4h | 1.8145 | +0.231% | $7.2M | $17.8M | 20x | as long as short |
| BingX PIEVERSE-USDT | +0.0462% | 4h | 1.8137 | +0.187% | — | $7.1M | — | as long as short |
| MEXC PIEVERSE_USDT | +0.0486% | 4h | 1.8127 | +0.132% | $2.5M | $845K | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0488% | 1h | 1.8119 | +0.089% | $39K | $249K | 5x | as long as short |
| Binance PIEVERSEUSDT | +0.0492% | 4h | 1.8125 | +0.120% | $21.5M | $27.0M | 20x | as long as short |
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
BingX PIEVERSE-USDT
MEXC PIEVERSE_USDT
Extended PIEVERSE-USD
Binance PIEVERSEUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX PIEVERSEUSDC | +0.0492% | 4h | 1.8101 | −0.012% | $37K | $430K | 10x | as long as short |
| BloFin PIEVERSE-USDTshort | +0.0524% | 4h | 1.8106 | +0.016% | $1.1M | $2.3M | 40x | |
| Aster PIEVERSEUSDT | +0.0663% | 4h | 1.8115 | +0.066% | $165K | $257K | 5x | as long as short |
| KuCoin PIEVERSEUSDTMlong | +0.0842% | 4h | 1.8103 | long leg | $13.8M | $2.4M | 20x |
edgeX PIEVERSEUSDC
Aster PIEVERSEUSDT