BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0516%/8h= −56.5% APRnext payment −$5.16 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against OKX−0.068%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$835as in the Funding arb table

Net, price: spread back to 7d avg − costs−$834as in the Price arb table

costs, in and out, $10k−$8288.278% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.752%+$75 · spread now −0.068%, 7d avg −0.003%

Together, before fees+0.681%+$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.065% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BOT-USDT-SWAP	29.480	−0.0611	get 0.0611% / 8h	4h 17m	$235K	$222K	20x
Short	KuCoin BOTUSDTM	29.460	−0.1127	pay 0.1127% / 8h	4h 17m	$95K	$281K	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 −0.068%Rate

Funding earned: −$108.37
Price spread: −0.068% → −0.003%: −$6.5
Slippage, 4 orders: −$805.78
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$942.65
Costs to cover: 8.278%
Break-even: never at this rate

Slippage from OKX: live order book, 37 min ago; KuCoin: live order book, 64 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, 37 min ago	8.46 bp	133.9 bp −$134	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 64 min ago	22.01 bp	291.4 bp −$291	doesn't fit	doesn't fit	doesn't fit

BOT on 12 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 BOTUSDTMshort	−0.1127%	8h	29.460	−0.068%	$95K	$281K	20x
Binance BOTUSDT	−0.0829%	8h	29.480	0.000%	$449K	$1.2M	10x	as long as short
Variational Omni BOT	−0.0783%	8h	29.425	−0.188%	$31K	$21K	—	as long as short
OKX BOT-USDT-SWAPlong	−0.0611%	8h	29.480	long leg	$235K	$222K	20x
QFEX BOT-USD	−0.0024%	1h	29.450	−0.102%	$1.2M	$528K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.430	−0.170%	$510K	$556K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.480	0.000%	$255K	$238K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.520	+0.136%	$247K	$119K	5x	as long as short
Lighter BOT	+0.0032%	1h	29.603	+0.417%	$68K	$1K	3x	as long as short
Arcus BOT-USD	+0.0040%	1h	29.420	−0.204%	$3K	$9K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BOT	+0.0050%	1h	29.448	−0.109%	$3.1M	$803K	10x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.498	+0.061%	$3K	$34K	10x	as long as short