Funding you earn now, next payment 00:00 UTC−0.0283%/8h= −30.9% APRnext payment −$1.41 per $10,000 · paid last 24h −0.012%
Price spread now: KuCoin against OKX+0.103%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$369as in the Funding arb table
Net, price: spread back to 7d avg − costs−$350as in the Price arb table
costs, in and out, $10k−$3643.636% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days−0.128%−$13 · spread now +0.103%, 7d avg −0.035%
=The price spread pays, funding is against you. KuCoin is 0.138% dearer against OKX than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.035%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.054% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.41 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 EDGE-USDT-SWAP | 0.5808 | 0.0487 | pay 0.0243% / 4h | 1h 30m | $3.6M | $5.7M | 20x |
| Short | KuCoin EDGEUSDTM | 0.5814 | 0.0204 | get 0.0102% / 4h | 1h 30m | $2.1M | $2.3M | 50x |
OKX EDGE-USDT-SWAP
KuCoin EDGEUSDTMFunding 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
- −$59.34
- Price spread: +0.103% → −0.035%
- $13.79
- Slippage, 4 orders
- −$341.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$409.1
- Costs to cover
- 3.636%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: 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 OKX live order book, 2 min ago | 5.15 bp | 26.9 bp −$27 | 149.5 bp −$1,495 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 5.99 bp | 194.5 bp −$195 | 903.9 bp −$9,039 | 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 | 0.5798 | −0.179% | $54K | $8K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5800 | −0.138% | $6.9M | $3.3M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5812 | +0.069% | $4.6M | $995K | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5807 | −0.014% | $59K | $100K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5872 | +1.108% | $192K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5850 | +0.727% | $2K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5828 | +0.344% | $8K | $294K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5776 | −0.551% | $4K | $608K | 10x | as long as short |
| KuCoin EDGEUSDTMshort | +0.0204% | 4h | 0.5814 | +0.103% | $2.1M | $2.3M | 50x | |
| BloFin EDGE-USDT | +0.0410% | 4h | 0.5823 | +0.258% | $633K | $124K | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USD | +0.0448% | 1h | 0.5806 | −0.034% | $26K | $230K | 5x | as long as short |
| Binance EDGEUSDT | +0.0452% | 4h | 0.5812 | +0.070% | $9.9M | $10.1M | 50x | as long as short |
| Aster EDGEUSDT | +0.0454% | 4h | 0.5812 | +0.066% | $67K | $136K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0458% | 4h | 0.5812 | +0.069% | $1.1M | $919K | 50x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0487% | 4h | 0.5808 | long leg | $3.6M | $5.7M | 20x | |
| edgeX EDGEUSDC | +0.0508% | 4h | 0.5842 | +0.589% | $14.0M | $3.4M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0530% | 4h | 0.5812 | +0.069% | $3K | — | 10x | as long as short |
Extended EDGE-USD
Binance EDGEUSDT
Aster EDGEUSDT
MEXC EDGE_USDT
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC