Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.5% APRnext payment −$2.24 per $10,000 · paid last 24h −0.046%
Price spread now: OKX against KuCoin−0.104%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$660.660% of the position
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.104%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.059% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARBUSDTM | 0.2222 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $19.6M | $15.8M | 75x |
| Short | OKX ARB-USDT-SWAP | 0.2220 | −0.0124 | pay 0.0124% / 8h | 6h 21m | $22.4M | $156.8M | 50x |
KuCoin ARBUSDTM
OKX ARB-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
- −$47.05
- Price spread: −0.104% → −0.045%
- −$5.9
- Slippage, 4 orders
- −$44.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$118.98
- Costs to cover
- 0.660%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 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, 2 min ago | 0.90 bp | 27.1 bp −$27 | 44.5 bp −$445 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.67 bp | 10.0 bp −$10 | 28.4 bp −$284 | doesn't fit | doesn't fit |
ARB on 35 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 ARB/USDC PERP | −0.1692% | 1h | 0.2213 | −0.401% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2221 | −0.023% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0218% | 1h | 0.2222 | +0.018% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0171% | 8h | 0.2211 | −0.478% | $1.9M | $2.9M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0155% | 1h | 0.2223 | +0.036% | $24K | $34K | 25x | as long as short |
| OKX ARB-USDT-SWAPshort | −0.0124% | 8h | 0.2220 | −0.104% | $22.4M | $156.8M | 50x | |
| MEXC ARB_USDT | −0.0124% | 8h | 0.2221 | −0.054% | $39.5M | $60.2M | 200x | as long as short |
| Gate ARB_USDT | −0.0072% | 8h | 0.2221 | −0.027% | $5.4M | $19.9M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0061% | 8h | 0.2222 | +0.005% | $12K | $383K | 10x | as long as short |
| Bybit ARBUSDT | −0.0054% | 8h | 0.2221 | −0.036% | $56.8M | $128.6M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0002% | 8h | 0.2221 | −0.027% | $64.7M | $317.4M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2224 | +0.090% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2220 | −0.091% | $355K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0001% | 1h | 0.2225 | +0.140% | $120K | $286K | 50x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2224 | +0.114% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2223 | +0.054% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2222 | −0.005% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2224 | +0.099% | $38.8M | $51.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2223 | +0.072% | $662K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2223 | +0.060% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2222 | long leg | $19.6M | $15.8M | 75x | |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2222 | +0.005% | $21.3M | $36.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2221 | −0.059% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2222 | +0.006% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2224 | +0.078% | $474K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2225 | +0.135% | $75K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2224 | +0.095% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2223 | +0.045% | $298K | $996K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2222 | +0.005% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2225 | +0.140% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2224 | +0.114% | $830K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2223 | +0.059% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2224 | +0.113% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2223 | +0.034% | $480K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0543% | 1h | 0.2227 | +0.212% | $1.0M | $2.9M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
ApeX Omni ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP