Funding you earn now, next payment 08:00 UTC−0.0371%/8h= −40.7% APRpaid last 24h −0.083%
Price spread now: OKX against KuCoin−0.280%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$700as in the Funding arb table
Net, price: spread back to 7d avg − costs−$662as in the Price arb table
costs, in and out, $10k−$6466.461% of the position
Funding, last 7 days−0.541%−$54 on $10k
+Price spread, last 4 days (all we have)+0.395%+$39 · spread now −0.280%, 7d avg −0.121%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.159% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.121%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KSMUSDTM | 4.6350 | 0.0100 | pay 0.0100% / 8h | 3h 23m | $517K | $36K | 30x |
| Short | OKX KSM-USDT-SWAP | 4.6220 | −0.0271 | pay 0.0136% / 4h | 3h 23m | $752K | $632K | 20x |
KuCoin KSMUSDTM
OKX KSM-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
- −$77.99
- Price spread: −0.280% → −0.121%
- −$15.93
- Slippage, 4 orders
- −$624.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$739.99
- Costs to cover
- 6.461%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 49 min ago; OKX: live order book, 27 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, 49 min ago | 22.62 bp | 336.2 bp −$336 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 27 min ago | 2.16 bp | 34.2 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
KSM on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KSMUSD | −0.0526% | 1h | 4.6316 | −0.073% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0310% | 8h | 4.6151 | −0.428% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0271% | 4h | 4.6220 | −0.280% | $752K | $632K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6258 | −0.198% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6230 | −0.259% | $2.2M | $668K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6310 | −0.086% | $85K | $40K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6260 | −0.194% | $746K | $241K | 20x | as long as short |
| KuCoin KSMUSDTMlong | +0.0100% | 8h | 4.6350 | long leg | $517K | $36K | 30x | |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6350 | 0.000% | $485K | $215K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6280 | −0.151% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6267 | −0.179% | $78K | $314K | 5x | as long as short |
| BloFin KSM-USDT | +0.0118% | 8h | 4.6290 | −0.129% | $111K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT