COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.010%

Price spread now: BloFin against KuCoin+0.061%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1871.874% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.061%, 7d avg +0.003%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.058% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COINUSDTM	196.74	0.0100	pay 0.0100% / 8h	3h 37m	$992K	$143K	20x
Short	BloFin COIN-USDT	196.86	0.0120	get 0.0120% / 8h	3h 37m	$189K	$393K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $4.2
Price spread: +0.061% → +0.003%: $5.81
Slippage, 4 orders: −$163.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$177.43
Costs to cover: 1.874%
Break-even: 302.7 days

Slippage from KuCoin: live order book, 52 min ago; BloFin: live order book, 58 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, 52 min ago	16.48 bp	108.9 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	0.76 bp	9.7 bp −$10	14.9 bp −$149	35.3 bp −$3,531	doesn't fit

COIN on 26 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
Bitget COINUSDT	−0.0697%	8h	196.97	+0.117%	$6.3M	$10.4M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.75	+0.005%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0224%	8h	196.73	−0.005%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0110%	1h	196.09	−0.330%	—	$266K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.82	+0.040%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.72	−0.011%	$116K	$690K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.78	+0.020%	$14.7M	$79.9M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.81	+0.036%	$4.8M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.72	−0.010%	$3.0M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.74	0.000%	$684K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.79	+0.024%	$10K	$2.4M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.71	−0.015%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.63	−0.056%	$451K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.88	+0.071%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.62	−0.061%	$15.4M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.58	−0.081%	$134K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.69	−0.025%	$83	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.48	−0.132%	$350K	$2.7M	10x	as long as short
KuCoin COINUSDTMlong	+0.0100%	8h	196.74	long leg	$992K	$143K	20x
ApeX Omni COINUSDT	+0.0100%	1h	196.56	−0.091%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.71	−0.015%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.74	0.000%	$116	—	10x	as long as short
Lighter COIN	+0.0120%	1h	196.66	−0.041%	$340K	$2.0M	10x	as long as short
BloFin COIN-USDTshort	+0.0120%	8h	196.86	+0.061%	$189K	$393K	20x
Phoenix COIN	+0.0122%	1h	196.61	−0.066%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0901%	4h	196.77	+0.016%	$51K	$295K	10x	as long as short