Funding you earn now, next payment 08:00 UTC−0.0247%/8h= −27.0% APRnext payment −$2.47 per $10,000 · paid last 24h −0.046%
Price spread now: OKX against KuCoin−0.239%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2372.366% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 7 days+0.263%+$26 · spread now −0.239%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.162% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 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 ARUSDTM | 4.6080 | 0.0100 | pay 0.0100% / 8h | 7h 05m | $1.4M | $1.2M | 50x |
| Short | OKX AR-USDT-SWAP | 4.5970 | −0.0147 | pay 0.0147% / 8h | 7h 05m | $2.4M | $19.8M | 20x |
KuCoin ARUSDTM
OKX AR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$51.84
- Price spread: −0.239% → −0.077%
- −$16.22
- Slippage, 4 orders
- −$214.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$304.68
- Costs to cover
- 2.366%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 3 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, 5 min ago | 5.41 bp | 119.4 bp −$119 | 1008.9 bp −$10.1K | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.08 bp | 20.8 bp −$21 | 108.4 bp −$1,084 | doesn't fit | doesn't fit |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.2396% | 1h | 4.6097 | +0.037% | $56K | $150K | 20x | as long as short |
| OKX AR-USDT-SWAPshort | −0.0147% | 8h | 4.5970 | −0.239% | $2.4M | $19.8M | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.5972 | −0.234% | $591K | — | 50x | as long as short |
| Binance ARUSDT | +0.0008% | 8h | 4.6029 | −0.111% | $9.2M | $53.3M | 75x | as long as short |
| Extended AR-USD | +0.0008% | 1h | 4.6018 | −0.133% | $38K | $240K | 10x | as long as short |
| MEXC AR_USDT | +0.0009% | 8h | 4.6010 | −0.152% | $6.7M | $4.5M | 100x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.6110 | +0.065% | $2K | $2K | 5.5x | as long as short |
| BloFin AR-USDT | +0.0037% | 8h | 4.6130 | +0.109% | $440K | $541K | 20x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.6067 | −0.028% | $4.2M | $4.8M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.6012 | −0.149% | $27K | $501K | 10x | as long as short |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]
Binance ARUSDT
Extended AR-USD
MEXC AR_USDT
Injective AR/USDC PERP
BloFin AR-USDT
Hyperliquid AR
Aster ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ARUSDT | +0.0100% | 8h | 4.5992 | −0.191% | $4.6M | $8.4M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.6050 | −0.065% | $2.6M | $2.2M | 50x | as long as short |
| KuCoin ARUSDTMlong | +0.0100% | 8h | 4.6080 | long leg | $1.4M | $1.2M | 50x | |
| Bitget ARUSDT | +0.0100% | 8h | 4.5990 | −0.195% | $3.9M | $5.5M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.6040 | −0.087% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5907 | −0.377% | $143K | $165K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.6170 | +0.195% | $23K | $741K | 50x | as long as short |
Bybit ARUSDT
Gate AR_USDT
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT