TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.2254%/8h= +246.8% APRnext payment +$11.27 per $10,000 · paid last 24h +0.213%

Price spread now: OKX against KuCoin+0.250%7-day average +0.288% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,699as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,752as in the Price arb table

costs, in and out, $10k−$1,74817.484% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.491%+$49 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.250%, 7d avg +0.288%

Together, before fees+0.424%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.038% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.250% now, against its 7-day average of +0.288%). If the spread goes back, that is −$4 on $10k: about 1 hour of funding at the current rate (+$68 a day). At the pace of the last 7 days (+0.491% in total) that is about 13 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.491% in total (about 25.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.27 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 TRUTHUSDTM	0.01360	0.0100	pay 0.0050% / 4h	3h 52m	$1.0M	$53K	10x
Short	OKX TRUTH-USDT-SWAP	0.01363	0.2354	get 0.1177% / 4h	3h 52m	$236K	$359K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.250%Rate

Funding earned: $473.24
Price spread: +0.250% → +0.288%: −$3.8
Slippage, 4 orders: −$1,726.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,278.94
Costs to cover: 17.484%
Break-even: 25.9 days

Slippage from KuCoin: live order book, 2 min ago; OKX: live order book, 43 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, 2 min ago	19.11 bp	863.7 bp −$864	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 43 min ago	5.47 bp	44.3 bp −$44	123.4 bp −$1,234	doesn't fit	doesn't fit

TRUTH on 10 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 TRUTHUSDTMlong	+0.0100%	4h	0.01360	long leg	$1.0M	$53K	10x
Bybit TRUTHUSDT	+0.0255%	4h	0.01364	+0.294%	$1.3M	$413K	20x	as long as short
Aster TRUTHUSDT	+0.0552%	4h	0.01363	+0.203%	$36K	$6K	5x	as long as short
Gate TRUTH_USDT	+0.0698%	4h	0.01360	0.000%	$423K	$50K	20x	as long as short
BloFin TRUTH-USDT	+0.0699%	4h	0.01362	+0.132%	$199K	$12K	50x	as long as short
Binance TRUTHUSDT	+0.0752%	4h	0.01362	+0.128%	$4.5M	$1.7M	20x	as long as short
MEXC TRUTH_USDT	+0.0758%	4h	0.01361	+0.103%	$11.9M	$134K	20x	as long as short
Extended TRUTH-USD	+0.0760%	1h	0.01361	+0.090%	$4K	$211K	5x	as long as short
BingX TRUTH-USDT	+0.2264%	4h	0.01363	+0.235%	—	$6.5M	—	as long as short
OKX TRUTH-USDT-SWAPshort	+0.2354%	4h	0.01363	+0.250%	$236K	$359K	10x