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Funding arb · Price arb /

DKNG

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.1241%/8h= +135.9% APRnext payment +$12.41 per $10,000 · paid last 24h +0.208%
Price spread now: KuCoin against SunX−0.181%7-day average +0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$820as in the Funding arb table
Net, price: spread back to 7d avg − costs−$907as in the Price arb table
costs, in and out, $10k−$8778.774% of the position
Long on SunXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.579%+$58 on $10k
Price spread, last 3 days (all we have)+0.249%+$25 · spread now −0.181%, 7d avg +0.115%
Together, before fees+0.828%+$83 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.296% cheaper against SunX than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of +0.115%). If the spread goes back, that is −$30 on $10k: about 19 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.579% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.579% in total (about 30.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX DKNG-USDT22.1000get 0.0000% / 8h6h 41m$1K$685K10x
ShortKuCoin DKNGUSDTM22.0600.1241get 0.1241% / 8h6h 41m$90K$410K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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

Funding earned
$260.61
Price spread: −0.181% → +0.115%
−$29.56
Slippage, 4 orders
−$857.39
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$646.34
Costs to cover
8.774%
Break-even
24.4 days
Slippage from SunX: live order book, 70 min ago; KuCoin: live order book, 70 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 70 min ago49.86 bp106.8 bp −$107doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 70 min ago13.60 bp402.6 bp −$403doesn't fitdoesn't fitdoesn't fit

DKNG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DKNGUSDT0.0000%8h22.075−0.111%$1K$11K20xas long as short
Bybit DKNGUSDT0.0000%8h22.050−0.226%$80K$67K25xas long as short
Gate DKNG_USDT0.0000%8h22.108+0.036%$110K$5K20xas long as short
Bitget DKNGUSDT0.0000%8h22.111+0.050%$124K$67K20xas long as short
SunX DKNG-USDTlong0.0000%8h22.100long leg$1K$685K10x
HTX DKNG-USDT0.0000%8h22.070−0.136%$6K$3K10xas long as short
Injective DKNG/USDC PERP+0.0033%1h21.990−0.498%$707$6K12xas long as short
OKX DKNG-USDT-SWAP+0.0258%8h22.090−0.045%$113K$113K20xas long as short
tradeXYZ xyz:DKNG+0.0310%1h22.107+0.032%$1.7M$2.1M10xas long as short
Variational Omni DKNG+0.0927%8h22.102+0.007%$78K$51K—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DKNGUSDT+0.0969%8h22.096−0.016%$269K$624K20xas long as short
KuCoin DKNGUSDTMshort+0.1241%8h22.060−0.181%$90K$410K20x