Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.017%
Price spread now: OKX against KuCoin+0.050%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$840.838% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days−0.197%−$20 · spread now +0.050%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.101% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.051%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment. 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 FETUSDTM | 0.2009 | 0.0100 | pay 0.0100% / 8h | 38m 13s | $10.5M | $18.0M | 50x |
| Short | OKX FET-USDT-SWAP | 0.2010 | 0.0300 | get 0.0150% / 4h | 38m 13s | $1.0M | $8.0M | 20x |
KuCoin FETUSDTM
OKX FET-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
- $42
- Price spread: +0.050% → −0.051%
- $10.07
- Slippage, 4 orders
- −$61.83
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$31.75
- Costs to cover
- 0.838%
- Break-even
- 12.3 days
Slippage from KuCoin: live order book, 11 min ago; OKX: live order book, 5 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, 11 min ago | 2.48 bp | 19.4 bp −$19 | 59.2 bp −$592 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.47 bp | 21.2 bp −$21 | 57.9 bp −$579 | doesn't fit | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.3716% | 1h | 0.2009 | 0.000% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0792% | 1h | 0.2023 | +0.697% | $152K | $263K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0011% | 1h | 0.2010 | +0.064% | $992K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2009 | +0.023% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.050% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2010 | +0.045% | $187K | $751K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2007 | −0.100% | $2.6M | $12.7M | 50x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2009 | long leg | $10.5M | $18.0M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2022 | +0.652% | $286K | $515K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2009 | 0.000% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0128% | 1h | 0.2010 | +0.060% | $37K | $203K | 10x | as long as short |
| MEXC FET_USDT | +0.0131% | 8h | 0.2009 | 0.000% | $29.7M | $25.0M | 200x | as long as short |
| Binance FETUSDT | +0.0131% | 8h | 0.2009 | +0.008% | $30.7M | $112.4M | 75x | as long as short |
| Bitget FETUSDT | +0.0158% | 8h | 0.2009 | 0.000% | $16.3M | $11.6M | 75x | as long as short |
| BingX FET-USDT | +0.0166% | 8h | 0.2008 | −0.050% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2008 | −0.032% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0251% | 8h | 0.2011 | +0.100% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0300% | 4h | 0.2010 | +0.050% | $1.0M | $8.0M | 20x | |
| Phoenix FET | +0.0597% | 1h | 0.2019 | +0.513% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0634% | 1h | 0.2010 | +0.045% | $8.4M | $8.4M | 5x | as long as short |
Extended FET-USD
MEXC FET_USDT
Binance FETUSDT
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET