Funding you earn now, next payment 16:00 UTC−0.0158%/8h= −17.3% APRnext payment −$1.58 per $10,000 · paid last 24h −0.038%
Price spread now: KuCoin against OKX−0.074%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now −0.074%, 7d avg −0.077%
=The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USDC-USDT-SWAP | 1.0001 | 0 | get 0.0000% / 8h | 7h 55m | $1.1M | $43K | 50x |
| Short | KuCoin USDCUSDTM | 0.9994 | −0.0158 | pay 0.0158% / 8h | 7h 55m | $2.5M | $20K | 30x |
OKX USDC-USDT-SWAP
KuCoin USDCUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.18
- Price spread: −0.074% → −0.077%
- $0.33
- Slippage, 4 orders
- −$17.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$72.16
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; KuCoin: 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 OKX live order book, 1 min ago | 0.40 bp | 7.5 bp −$7 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 4.50 bp | 14.0 bp −$14 | 368.4 bp −$3,684 | doesn't fit | doesn't fit |
USDC on 8 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 USDCUSDTMshort | −0.0158% | 8h | 0.9994 | −0.074% | $2.5M | $20K | 30x | |
| MEXC USDC_USDT | −0.0093% | 8h | 0.9996 | −0.054% | $20.8M | $747K | 200x | as long as short |
| Binance USDCUSDT | −0.0093% | 8h | 0.9996 | −0.055% | $4.8M | $4.4M | 50x | as long as short |
| Bitget USDCUSDT | −0.0078% | 8h | 0.9995 | −0.064% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0066% | 1h | 0.9998 | −0.039% | $14K | $924 | 50x | as long as short |
| OKX USDC-USDT-SWAPlong | 0.0000% | 8h | 1.0001 | long leg | $1.1M | $43K | 50x | |
| Bybit USDCUSDT | +0.0100% | 8h | 1.0001 | −0.004% | $9.5M | $280K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9993 | −0.084% | $253K | $27K | 50x | as long as short |
MEXC USDC_USDT
Binance USDCUSDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
Gate USDC_USDT