Funding you earn now, next payment 12:00 UTC+0.0508%/8h= +55.6% APRnext payment +$2.54 per $10,000 · paid last 24h +0.098%
Price spread now: KuCoin against OKX−0.141%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,178as in the Price arb table
costs, in and out, $10k−$1,16711.669% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 7 days+0.196%+$20 · spread now −0.141%, 7d avg −0.028%
=Funding pays, the price is against you. KuCoin is 0.113% cheaper against OKX than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.028%). If the spread goes back, that is −$11 on $10k: about 18 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.116% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.54 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX JELLYJELLY-USDT-SWAP | 0.05596 | 0.0100 | pay 0.0050% / 4h | 44m 47s | $1.3M | $406K | 10x |
| Short | KuCoin JELLYJELLYUSDTM | 0.05588 | 0.0608 | get 0.0304% / 4h | 44m 47s | $8.1M | $1.2M | 20x |
OKX JELLYJELLY-USDT-SWAP
KuCoin JELLYJELLYUSDTMFunding 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
- $106.68
- Price spread: −0.141% → −0.028%
- −$11.33
- Slippage, 4 orders
- −$1,144.91
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,071.56
- Costs to cover
- 11.669%
- Break-even
- 77.3 days
Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 1 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, 5 min ago | 7.16 bp | 40.1 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 13.41 bp | 635.6 bp −$636 | 901.8 bp −$9,018 | doesn't fit | doesn't fit |
JELLYJELLY on 9 exchanges
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 | +0.0095% | 4h | 0.05595 | −0.018% | $271K | $24K | 20x | as long as short |
| Aster JELLYJELLYUSDT | +0.0100% | 4h | 0.05584 | −0.214% | $36K | $4K | 5x | as long as short |
| Binance JELLYJELLYUSDT | +0.0100% | 4h | 0.05595 | −0.023% | $4.4M | $1.5M | 25x | as long as short |
| Bybit JELLYJELLYUSDT | +0.0100% | 4h | 0.05593 | −0.052% | $2.4M | $923K | 20x | as long as short |
| OKX JELLYJELLY-USDT-SWAPlong | +0.0100% | 4h | 0.05596 | long leg | $1.3M | $406K | 10x | |
| Gate JELLYJELLY_USDT | +0.0100% | 4h | 0.05583 | −0.232% | $2.4M | $133K | 20x | as long as short |
| MEXC JELLYJELLY_USDT | +0.0100% | 4h | 0.05594 | −0.036% | $423K | $133K | 20x | as long as short |
| Extended JELLYJELLY-USD | +0.0104% | 1h | 0.05589 | −0.122% | $3K | $242K | 5x | as long as short |
| KuCoin JELLYJELLYUSDTMshort | +0.0608% | 4h | 0.05588 | −0.141% | $8.1M | $1.2M | 20x |
BloFin JELLYJELLY-USDT
Aster JELLYJELLYUSDT
Binance JELLYJELLYUSDT
Bybit JELLYJELLYUSDT
Gate JELLYJELLY_USDT
MEXC JELLYJELLY_USDT
Extended JELLYJELLY-USD