Funding you earn now, next payment 08:00 UTC+0.0619%/8h= +67.7% APRnext payment +$3.09 per $10,000 · paid last 24h +0.096%
Price spread now: KuCoin against OKX−0.051%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,294as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,305as in the Price arb table
costs, in and out, $10k−$1,30513.045% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.051%, 7d avg −0.042%
=The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.09 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 | OKX BILL-USDT-SWAP | 0.01382 | 0.0511 | pay 0.0256% / 4h | 3h 29m | $1.1M | $2.9M | 20x |
| Short | KuCoin BILLUSDTM | 0.01381 | 0.1130 | get 0.0565% / 4h | 3h 29m | $459K | $331K | 20x |
OKX BILL-USDT-SWAP
KuCoin BILLUSDTMFunding 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
- $129.9
- Price spread: −0.051% → −0.042%
- −$0.83
- Slippage, 4 orders
- −$1,282.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,175.47
- Costs to cover
- 13.045%
- Break-even
- 70.3 days
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 43 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, 2 min ago | 7.22 bp | 30.9 bp −$31 | 546.3 bp −$5,463 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 43 min ago | 10.47 bp | 612.9 bp −$613 | doesn't fit | doesn't fit | doesn't fit |
BILL on 16 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 BILLUSDT | +0.0100% | 4h | 0.01381 | −0.072% | $1.3M | $1.0M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01383 | +0.072% | $279K | $89K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01386 | +0.289% | $1K | $1.2M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01383 | +0.072% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0106% | 4h | 0.01383 | +0.072% | $147K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0145% | 4h | 0.01381 | −0.072% | $1K | $4K | 5x | as long as short |
| Bitget BILLUSDT | +0.0262% | 4h | 0.01383 | +0.072% | $653K | $1.2M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0268% | 1h | 0.01380 | −0.145% | $21K | $977 | 5x | as long as short |
| Binance BILLUSDT | +0.0302% | 4h | 0.01383 | +0.043% | $2.5M | $4.0M | 20x | as long as short |
| Extended BILL-USD | +0.0304% | 1h | 0.01383 | +0.104% | $3K | $227K | 5x | as long as short |
Bybit BILLUSDT
Gate BILL_USDT
SunX BILL-USDT
HTX BILL-USDT
BloFin BILL-USDT
Aster BILLUSDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
Binance BILLUSDT
Extended BILL-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BILL_USDT | +0.0306% | 4h | 0.01381 | −0.072% | $1.0M | $360K | 50x | as long as short |
| BingX BILL-USDT | +0.0464% | 4h | 0.01380 | −0.145% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAPlong | +0.0511% | 4h | 0.01382 | long leg | $1.1M | $2.9M | 20x | |
| Coinbase International BILL-PERP-INTX | +0.0760% | 1h | 0.01385 | +0.188% | $65K | $73K | 50x | as long as short |
| KuCoin BILLUSDTMshort | +0.1130% | 4h | 0.01381 | −0.051% | $459K | $331K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.1996% | 1h | 0.01383 | +0.094% | $108K | $13K | 10x | as long as short |
MEXC BILL_USDT
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL