Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against OKX−0.074%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.074%, 7d avg −0.039%
=Funding pays, the price is against you. KuCoin is 0.035% cheaper against OKX than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.039%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.019% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AAPL-USDT-SWAP | 339.01 | 0 | get 0.0000% / 8h | 18m 11s | $6.5M | $6.8M | 25x |
| Short | KuCoin AAPLUSDTM | 338.76 | 0.0100 | get 0.0100% / 8h | 18m 11s | $1.4M | $27K | 20x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.074% → −0.039%
- −$3.49
- Slippage, 4 orders
- −$117.61
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$122.1
- Costs to cover
- 1.396%
- Break-even
- 47.7 days
Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 2 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, 5 min ago | 0.15 bp | 5.6 bp −$6 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 5.75 bp | 56.8 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0889% | 4h | 339.01 | −0.001% | $81K | $325K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | −0.006% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.02 | +0.003% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAPlong | 0.0000% | 8h | 339.01 | long leg | $6.5M | $6.8M | 25x | |
| Gate AAPL_USDT | 0.0000% | 8h | 338.83 | −0.053% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.00 | −0.003% | $542 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.13 | +0.035% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.06 | +0.015% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0022% | 8h | 339.08 | +0.021% | $14K | $498K | 10x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.90 | −0.032% | $964K | $3.8M | 20x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.62 | −0.115% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.82 | −0.056% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.87 | −0.041% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.77 | −0.071% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 338.97 | −0.012% | $3.2M | $5.1M | 10x | as long as short |
| Lighter AAPL | +0.0072% | 1h | 338.86 | −0.045% | $771K | $2.4M | 20x | as long as short |
| Bitget AAPLUSDT | +0.0072% | 8h | 339.02 | +0.003% | $6.2M | $3.5M | 100x | as long as short |
| BloFin AAPL-USDT | +0.0085% | 8h | 339.05 | +0.012% | $348K | $170K | 20x | as long as short |
| Variational Omni AAPL | +0.0087% | 8h | 339.06 | +0.013% | $2.4M | $1.4M | — | as long as short |
| Hotstuff AAPL-PERP | +0.0096% | 1h | 338.85 | −0.047% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTMshort | +0.0100% | 8h | 338.76 | −0.074% | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.74 | −0.080% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.90 | −0.032% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.96 | −0.014% | $11K | — | 10x | as long as short |
| Extended AAPL_24_5-USD | +0.0112% | 1h | 338.94 | −0.020% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | +0.0112% | 8h | 339.01 | 0.000% | $22.4M | $67.0M | 25x | as long as short |
| Nado AAPL-PERP | +0.0120% | 1h | 338.69 | −0.095% | $556K | $33K | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0187% | 1h | 338.88 | −0.038% | $40.8M | $76.3M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | +0.006% | $660K | $676K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.50 | +0.145% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.10 | +0.027% | $5K | $8K | 20x | as long as short |
| Arcus AAPL-USD | +0.0397% | 1h | 338.85 | −0.047% | $269K | $70K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0400% | 1h | 338.88 | −0.038% | $28K | $66K | 10x | as long as short |
OKX AAPL-USDT-SWAP
KuCoin AAPLUSDTM
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Lighter RH AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Lighter AAPL
Bitget AAPLUSDT
BloFin AAPL-USDT
Variational Omni AAPL
ApeX Omni AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Deribit AAPL_USDC-PERPETUAL