Funding you earn now, next payment 08:00 UTC−0.1793%/8h= −196.3% APRnext payment −$8.96 per $10,000 · paid last 24h −0.089%
Price spread now: OKX against KuCoin+0.077%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$507as in the Funding arb table
Net, price: spread back to 7d avg − costs−$484as in the Price arb table
costs, in and out, $10k−$4954.952% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 7 days−0.188%−$19 · spread now +0.077%, 7d avg −0.033%
=The price spread pays, funding is against you. OKX is 0.110% dearer against KuCoin than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.033%): +$11 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.118% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.96 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 DATAUSDTM | 0.2210 | −0.0242 | get 0.0121% / 4h | 23m 41s | $261K | $922K | 30x |
| Short | OKX DATA-USDT-SWAP | 0.2212 | −0.2035 | pay 0.1017% / 4h | 23m 41s | $1.3M | $10.0M | 20x |
KuCoin DATAUSDTM
OKX DATA-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
- −$376.43
- Price spread: +0.077% → −0.033%
- $10.99
- Slippage, 4 orders
- −$473.18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$860.62
- Costs to cover
- 4.952%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 61 min ago; OKX: live order book, 4 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, 61 min ago | 16.67 bp | 233.0 bp −$233 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.26 bp | 27.6 bp −$28 | 115.4 bp −$1,154 | doesn't fit | doesn't fit |
DATA on 9 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 DATA-USDT | −0.2095% | 4h | 0.2208 | −0.104% | $120K | $7K | 20x | as long as short |
| MEXC DATA_USDT | −0.2054% | 4h | 0.2211 | +0.032% | $125K | $280K | 20x | as long as short |
| OKX DATA-USDT-SWAPshort | −0.2035% | 4h | 0.2212 | +0.077% | $1.3M | $10.0M | 20x | |
| Extended DATA-USD | −0.1232% | 1h | 0.2209 | −0.081% | $918 | $60 | 5x | as long as short |
| Gate DATA_USDT | −0.0976% | 4h | 0.2213 | +0.122% | $107K | $129K | 20x | as long as short |
| Bybit DATAUSDT | −0.0718% | 4h | 0.2212 | +0.059% | $1.2M | $2.6M | 20x | as long as short |
| KuCoin DATAUSDTMlong | −0.0242% | 4h | 0.2210 | long leg | $261K | $922K | 30x | |
| Lighter DATA | +0.0096% | 1h | 0.2213 | +0.122% | $50K | $279K | 10x | as long as short |
| Bitget DATAUSDT | +0.0100% | 4h | 0.2208 | −0.104% | $638K | $715K | 50x | as long as short |
BloFin DATA-USDT
MEXC DATA_USDT
Extended DATA-USD
Gate DATA_USDT
Bybit DATAUSDT
Lighter DATA
Bitget DATAUSDT