Funding you earn now, next payment 04:00 UTC−0.0488%/8h= −53.4% APRnext payment −$2.44 per $10,000 · paid last 24h −0.086%
Price spread now: OKX against KuCoin+0.055%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2102.095% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 7 days−0.079%−$8 · spread now +0.055%, 7d avg −0.029%
=The price spread pays, funding is against you. OKX is 0.084% dearer against KuCoin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.029%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.173% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.44 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 PROVEUSDTM | 0.2349 | −0.5296 | get 0.2648% / 4h | 2h 21m | $2.8M | $1.2M | 50x |
| Short | OKX PROVE-USDT-SWAP | 0.2350 | −0.5784 | pay 0.2892% / 4h | 2h 21m | $616K | $8.5M | 20x |
KuCoin PROVEUSDTM
OKX PROVE-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
- −$102.45
- Price spread: +0.055% → −0.029%
- $8.42
- Slippage, 4 orders
- −$187.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$303.56
- Costs to cover
- 2.095%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; OKX: 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 KuCoin live order book, 10 min ago | 13.23 bp | 75.9 bp −$76 | 445.3 bp −$4,453 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 6.37 bp | 36.6 bp −$37 | 98.6 bp −$986 | doesn't fit | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDT | −0.7643% | 4h | 0.2357 | +0.353% | $2.1M | $11.3M | 25x | as long as short |
| Variational Omni PROVE | −0.6510% | 4h | 0.2379 | +1.273% | $29K | $47K | — | as long as short |
| OKX PROVE-USDT-SWAPshort | −0.5784% | 4h | 0.2350 | +0.055% | $616K | $8.5M | 20x | |
| Aster PROVEUSDT | −0.5524% | 4h | 0.2348 | −0.045% | $46K | $274K | 5x | as long as short |
| Bitget PROVEUSDT | −0.5462% | 4h | 0.2347 | −0.072% | $720K | $5.1M | 50x | as long as short |
| Binance PROVEUSDT | −0.5402% | 4h | 0.2345 | −0.158% | $3.4M | $37.8M | 75x | as long as short |
| MEXC PROVE_USDT | −0.5396% | 4h | 0.2347 | −0.072% | $273K | $416K | 20x | as long as short |
| KuCoin PROVEUSDTMlong | −0.5296% | 4h | 0.2349 | long leg | $2.8M | $1.2M | 50x | |
| Gate PROVE_USDT | −0.4394% | 4h | 0.2348 | −0.030% | $204K | $1.1M | 75x | as long as short |
| Hyperliquid PROVE | −0.3977% | 1h | 0.2351 | +0.102% | $347K | $952K | 3x | as long as short |
Bybit PROVEUSDT
Variational Omni PROVE
Aster PROVEUSDT
Bitget PROVEUSDT
Binance PROVEUSDT
MEXC PROVE_USDT
Gate PROVE_USDT
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDT | −0.3778% | 4h | 0.2347 | −0.072% | — | $2.5M | — | as long as short |
| GRVT PROVE_USDT_Perp | −0.3716% | 4h | 0.2368 | +0.826% | $221K | $2.6M | 10x | as long as short |
| ApeX Omni PROVEUSDT | −0.2704% | 1h | 0.2386 | +1.598% | $50K | $333K | 50x | as long as short |
| Lighter PROVE | −0.1376% | 1h | 0.2354 | +0.213% | $83K | $140K | 3x | as long as short |
BingX PROVE-USDT
GRVT PROVE_USDT_Perp
ApeX Omni PROVEUSDT
Lighter PROVE