TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1041%/8h= −114.0% APRnext payment −$5.21 per $10,000 · paid last 24h −0.213%

Price spread now: KuCoin against OKX−0.243%7-day average −0.289% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,929as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,876as in the Price arb table

costs, in and out, $10k−$1,88018.802% of the position

Long on OKX Short on KuCoin

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)+0.069%+$7 · spread now −0.243%, 7d avg −0.289%

Together, before fees−0.421%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.045% dearer against OKX than usual: you sell high and buy low (spread −0.243% now, against its 7-day average of −0.289%): +$5 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.491% in total) that is about 16 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 −$5.21 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 TRUTH-USDT-SWAP	0.01356	0.1141	pay 0.0571% / 4h	11m 02s	$236K	$357K	10x
Short	KuCoin TRUTHUSDTM	0.01353	0.0100	get 0.0050% / 4h	11m 02s	$1.0M	$50K	10x

Funding 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 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.243%Rate

Funding earned: −$218.71
Price spread: −0.243% → −0.289%: $4.53
Slippage, 4 orders: −$1,858.2
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2,094.38
Costs to cover: 18.802%
Break-even: never at this rate

Slippage from OKX: live order book, 27 min ago; KuCoin: live order book, 6 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, 27 min ago	6.25 bp	66.1 bp −$66	1102.7 bp −$11.0K	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	15.52 bp	776.0 bp −$776	doesn't fit	doesn't fit	doesn't fit

TRUTH on 10 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
KuCoin TRUTHUSDTMshort	+0.0100%	4h	0.01353	−0.243%	$1.0M	$50K	10x
Gate TRUTH_USDT	+0.0296%	4h	0.01352	−0.302%	$421K	$45K	20x	as long as short
Aster TRUTHUSDT	+0.0341%	4h	0.01354	−0.175%	$36K	$6K	5x	as long as short
Bybit TRUTHUSDT	+0.0530%	4h	0.01357	+0.044%	$1.3M	$323K	20x	as long as short
BloFin TRUTH-USDT	+0.0749%	4h	0.01355	−0.052%	$198K	$15K	50x	as long as short
Extended TRUTH-USD	+0.0752%	1h	0.01355	−0.102%	$2K	$212K	5x	as long as short
MEXC TRUTH_USDT	+0.0754%	4h	0.01355	−0.074%	$11.8M	$118K	20x	as long as short
Binance TRUTHUSDT	+0.0756%	4h	0.01355	−0.066%	$4.5M	$1.6M	20x	as long as short
BingX TRUTH-USDT	+0.1096%	4h	0.01356	+0.007%	—	$6.5M	—	as long as short
OKX TRUTH-USDT-SWAPlong	+0.1141%	4h	0.01356	long leg	$236K	$357K	10x