EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0394%/8h= +43.1% APRnext payment +$1.97 per $10,000 · paid last 24h +0.035%

Price spread now: OKX against KuCoin+0.034%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs−$382as in the Price arb table

costs, in and out, $10k−$3813.813% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.034%, 7d avg +0.036%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$12 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 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.97 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 EDGEUSDTM	0.5959	0.0100	pay 0.0050% / 4h	1h 32m	$2.1M	$2.2M	50x
Short	OKX EDGE-USDT-SWAP	0.5961	0.0494	get 0.0247% / 4h	1h 32m	$3.7M	$5.8M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $82.73
Price spread: +0.034% → +0.036%: −$0.22
Slippage, 4 orders: −$359.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$298.79
Costs to cover: 3.813%
Break-even: 32.3 days

Slippage from KuCoin: live order book, 4 min ago; OKX: 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 KuCoin live order book, 4 min ago	4.21 bp	212.0 bp −$212	1020.9 bp −$10.2K	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.84 bp	25.8 bp −$26	144.4 bp −$1,444	doesn't fit	doesn't fit

EDGE 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
Lighter EDGE	+0.0096%	1h	0.5947	−0.198%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5957	−0.034%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5959	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5958	−0.017%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5971	+0.195%	$62K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5927	−0.540%	$191K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5946	−0.211%	$10K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5949	−0.168%	$9K	$306K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6207	+4.162%	$4K	$619K	10x	as long as short
edgeX EDGEUSDC	+0.0454%	4h	0.5941	−0.301%	$14.2M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0456%	4h	0.5962	+0.050%	$1.2M	$901K	50x	as long as short
Binance EDGEUSDT	+0.0472%	4h	0.5956	−0.050%	$10.2M	$10.4M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5953	−0.103%	$27K	$193K	5x	as long as short
OKX EDGE-USDT-SWAPshort	+0.0494%	4h	0.5961	+0.034%	$3.7M	$5.8M	20x
Aster EDGEUSDT	+0.0494%	4h	0.5954	−0.079%	$68K	$129K	5x	as long as short
BloFin EDGE-USDT	+0.0497%	4h	0.5974	+0.252%	$656K	$102K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0672%	4h	0.5952	−0.117%	$3K	—	10x	as long as short