BE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.03 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against OKX−0.091%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2722.725% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.091%, 7d avg −0.019%

Together, before fees+0.405%+$41 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.072% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	273.52	0.0103	pay 0.0103% / 8h	3h 22m	$2.6M	$6.8M	25x
Short	KuCoin BEUSDTM	273.27	0.0100	get 0.0100% / 8h	3h 22m	$369K	$20K	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 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 −0.091%Rate

Funding earned: −$0.61
Price spread: −0.091% → −0.019%: −$7.21
Slippage, 4 orders: −$250.45
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$280.28
Costs to cover: 2.725%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 50 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	2.01 bp	9.7 bp −$10	70.9 bp −$709	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	18.89 bp	158.9 bp −$159	doesn't fit	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	273.30	−0.081%	$344K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	273.30	−0.080%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.42	−0.037%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.51	−0.005%	$7K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.38	−0.051%	$872	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.51	−0.004%	$13K	$35K	20x	as long as short
Extended BE-USD	+0.0008%	1h	273.20	−0.115%	$47K	$262K	10x	as long as short
Binance BEUSDT	+0.0011%	8h	273.26	−0.096%	$8.4M	$36.7M	25x	as long as short
Bybit BEUSDT	+0.0018%	8h	273.38	−0.051%	$2.0M	$1.1M	25x	as long as short
Lighter BE	+0.0032%	1h	273.17	−0.128%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	273.27	−0.091%	$249K	$290K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	273.20	−0.117%	$1.3M	$2.6M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.46	−0.022%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.45	−0.026%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	273.20	−0.117%	$5.9M	$2.7M	10x	as long as short
BloFin BE-USDT	+0.0056%	8h	273.62	+0.037%	$45K	$142K	20x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.04	−0.175%	$476K	$136K	10x	as long as short
KuCoin BEUSDTMshort	+0.0100%	8h	273.27	−0.091%	$369K	$20K	20x
OKX BE-USDT-SWAPlong	+0.0103%	8h	273.52	long leg	$2.6M	$6.8M	25x
Aevo BE-PERP	+0.0104%	1h	273.23	−0.108%	—	—	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0372%	1h	273.37	−0.055%	$7K	$4K	10x	as long as short