Funding you earn now, next payment 08:00 UTC−0.0610%/8h= −66.8% APRnext payment −$3.05 per $10,000 · paid last 24h −0.079%
Price spread now: OKX against KuCoin−0.205%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,134as in the Price arb table
costs, in and out, $10k−$1,11011.104% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.205%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and OKX is 0.232% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.05 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 JELLYJELLYUSDTM | 0.05662 | 0.0710 | pay 0.0355% / 4h | 57m 42s | $8.2M | $1.3M | 20x |
| Short | OKX JELLYJELLY-USDT-SWAP | 0.05650 | 0.0100 | get 0.0050% / 4h | 57m 42s | $1.3M | $468K | 10x |
KuCoin JELLYJELLYUSDTM
OKX JELLYJELLY-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
- −$128.1
- Price spread: −0.205% → +0.027%
- −$23.24
- Slippage, 4 orders
- −$1,088.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,261.7
- Costs to cover
- 11.104%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 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, 10 min ago | 18.55 bp | 451.6 bp −$452 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 6.18 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
JELLYJELLY 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 JELLYJELLY-USDT | +0.0096% | 4h | 0.05666 | +0.078% | $270K | $16K | 20x | as long as short |
| Bybit JELLYJELLYUSDT | +0.0100% | 4h | 0.05660 | −0.021% | $2.4M | $1.1M | 20x | as long as short |
| OKX JELLYJELLY-USDT-SWAPshort | +0.0100% | 4h | 0.05650 | −0.205% | $1.3M | $468K | 10x | |
| Gate JELLYJELLY_USDT | +0.0100% | 4h | 0.05657 | −0.081% | $2.4M | $137K | 20x | as long as short |
| Binance JELLYJELLYUSDT | +0.0141% | 4h | 0.05666 | +0.085% | $4.4M | $1.7M | 25x | as long as short |
| MEXC JELLYJELLY_USDT | +0.0148% | 4h | 0.05667 | +0.095% | $433K | $146K | 20x | as long as short |
| Aster JELLYJELLYUSDT | +0.0149% | 4h | 0.05663 | +0.021% | $36K | $12K | 5x | as long as short |
| Extended JELLYJELLY-USD | +0.0152% | 1h | 0.05662 | +0.015% | $2K | $193K | 5x | as long as short |
| KuCoin JELLYJELLYUSDTMlong | +0.0710% | 4h | 0.05662 | long leg | $8.2M | $1.3M | 20x |
BloFin JELLYJELLY-USDT
Bybit JELLYJELLYUSDT
Gate JELLYJELLY_USDT
Binance JELLYJELLYUSDT
MEXC JELLYJELLY_USDT
Aster JELLYJELLYUSDT
Extended JELLYJELLY-USD