Funding you earn now, next payment 08:00 UTC+0.0499%/8h= +54.6% APRnext payment +$2.50 per $10,000 · paid last 24h +0.131%
Price spread now: KuCoin against OKX−0.183%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$667as in the Funding arb table
Net, price: spread back to 7d avg − costs−$714as in the Price arb table
costs, in and out, $10k−$7047.037% of the position
Funding, last 7 days+0.366%+$37 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.183%, 7d avg −0.077%
=Funding pays, the price is against you. KuCoin is 0.107% cheaper against OKX than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.077%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.366% in total) that is about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX APR-USDT-SWAP | 0.1473 | 0.0395 | pay 0.0197% / 4h | 1h 05m | $1.3M | $2.5M | 20x |
| Short | KuCoin APRUSDTM | 0.1470 | 0.0894 | get 0.0447% / 4h | 1h 05m | $2.4M | $346K | 50x |
OKX APR-USDT-SWAP
KuCoin APRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- $104.81
- Price spread: −0.183% → −0.077%
- −$10.67
- Slippage, 4 orders
- −$681.66
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$609.53
- Costs to cover
- 7.037%
- Break-even
- 47.7 days
Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 6 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 OKX live order book, 1 min ago | 6.78 bp | 34.5 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 9.17 bp | 173.2 bp −$173 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0054% | 4h | 0.1474 | +0.068% | $287K | $112K | 50x | as long as short |
| Binance APRUSDT | +0.0100% | 4h | 0.1472 | −0.068% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1472 | −0.034% | $1.5M | $653K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1472 | −0.068% | $368K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1471 | −0.129% | $1K | $1.2M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1479 | +0.407% | $19K | $38K | 20x | as long as short |
| Bitget APRUSDT | +0.0172% | 4h | 0.1473 | −0.020% | $3.9M | $1.0M | 50x | as long as short |
| BingX APR-USDT | +0.0392% | 4h | 0.1473 | 0.000% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAPlong | +0.0395% | 4h | 0.1473 | long leg | $1.3M | $2.5M | 20x | |
| Aster APRUSDT | +0.0698% | 4h | 0.1471 | −0.150% | $71K | $78K | 5x | as long as short |
BloFin APR-USDT
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
Bitget APRUSDT
BingX APR-USDT
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTMshort | +0.0894% | 4h | 0.1470 | −0.183% | $2.4M | $346K | 50x | |
| Gate APR_USDT | +0.0930% | 4h | 0.1469 | −0.272% | $697K | $213K | 25x | as long as short |
Gate APR_USDT