Funding you earn now, next payment 12:00 UTC+0.0242%/8h= +26.5% APRnext payment +$1.21 per $10,000 · paid last 24h +0.101%
Price spread now: OKX against KuCoin+0.010%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$879as in the Funding arb table
Net, price: spread back to 7d avg − costs−$885as in the Price arb table
costs, in and out, $10k−$8898.886% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days−0.179%−$18 · spread now +0.010%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.039% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.21 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 SOONUSDTM | 0.1969 | 0.0100 | pay 0.0050% / 4h | 3h 00m | $1.8M | $3.6M | 50x |
| Short | OKX SOON-USDT-SWAP | 0.1969 | 0.0342 | get 0.0171% / 4h | 3h 00m | $2.0M | $527K | 20x |
KuCoin SOONUSDTM
OKX SOON-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
- $50.8
- Price spread: +0.010% → −0.028%
- $3.86
- Slippage, 4 orders
- −$866.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$833.92
- Costs to cover
- 8.886%
- Break-even
- 121.9 days
Slippage from KuCoin: live order book, 7 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, 7 min ago | 4.31 bp | 394.2 bp −$394 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.54 bp | 54.4 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTMlong | +0.0100% | 4h | 0.1969 | long leg | $1.8M | $3.6M | 50x | |
| OKX SOON-USDT-SWAPshort | +0.0342% | 4h | 0.1969 | +0.010% | $2.0M | $527K | 20x | |
| Binance SOONUSDT | +0.0583% | 4h | 0.1965 | −0.193% | $8.0M | $2.0M | 50x | as long as short |
| Extended SOON-USD | +0.0584% | 1h | 0.1965 | −0.183% | $9K | $182K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0658% | 1h | 0.1959 | −0.481% | $11K | $2K | 10x | as long as short |
| Bitget SOONUSDT | +0.1054% | 4h | 0.1966 | −0.142% | $9.2M | $312K | 25x | as long as short |
| Aster SOONUSDT | +0.1185% | 4h | 0.1968 | −0.060% | $192K | $4K | 5x | as long as short |
| Gate SOON_USDT | +0.2204% | 4h | 0.1963 | −0.295% | $3.2M | $150K | 50x | as long as short |
| Variational Omni SOON | +0.2807% | 4h | 0.1955 | −0.694% | $242K | $20K | — | as long as short |
| Bybit SOONUSDT | +0.3843% | 4h | 0.1954 | −0.752% | $2.6M | $1.2M | 25x | as long as short |
Binance SOONUSDT
Extended SOON-USD
Kraken Futures PF_SOONUSD
Bitget SOONUSDT
Aster SOONUSDT
Gate SOON_USDT
Variational Omni SOON
Bybit SOONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.3948% | 4h | 0.1965 | −0.193% | — | $6.7M | — | as long as short |
BingX SOON-USDT