Funding you earn now, next payment 00:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.86 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against KuCoin−0.017%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2662.656% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.017%, 7d avg −0.050%
=The price spread pays, funding is against you. OKX is 0.033% dearer against KuCoin than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.050%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.113% in total) that is about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WUSDTM | 0.01176 | 0.0100 | pay 0.0050% / 4h | 1h 27m | $477K | $246K | 50x |
| Short | OKX W-USDT-SWAP | 0.01176 | −0.0071 | pay 0.0036% / 4h | 1h 27m | $1.3M | $2.1M | 20x |
KuCoin WUSDTM
OKX W-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
- −$35.93
- Price spread: −0.017% → −0.050%
- $3.32
- Slippage, 4 orders
- −$243.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$298.24
- Costs to cover
- 2.656%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 45 min ago; OKX: live order book, 5 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, 45 min ago | 8.54 bp | 104.2 bp −$104 | 297.2 bp −$2,972 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.55 bp | 29.8 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0854% | 1h | 0.01177 | +0.060% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAPshort | −0.0071% | 4h | 0.01176 | −0.017% | $1.3M | $2.1M | 20x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.806% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01177 | +0.085% | $2.0M | $434K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01177 | +0.051% | $2.9M | $7.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01175 | −0.119% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01175 | −0.068% | $443K | $293K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | +0.077% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01176 | long leg | $477K | $246K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.170% | $1.3M | $580K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | −0.051% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01174 | −0.195% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | +0.035% | $129K | $385K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01176 | +0.032% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01179 | +0.255% | $14K | $18K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0306% | 1h | 0.01178 | +0.162% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0397% | 1h | 0.01179 | +0.292% | $146K | $185K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD