Funding you earn now, next payment 04:00 UTC−0.2120%/8h= −232.1% APRpaid last 24h +0.083%
Price spread now: KuCoin against OKX−0.190%7-day average −0.050% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)−0.147%−$15 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.190%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and KuCoin is 0.139% cheaper against OKX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.147% in total (about -8.7% a year). A funding rate is set anew for every payment. 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 HANMI-USDT-SWAP | 179.37 | 0 | get 0.0000% / 8h | 4h 12m | $17K | $202K | 20x |
| Short | KuCoin HANMIUSDTM | 179.03 | −0.2120 | pay 0.1060% / 4h | 12m 55s | $12K | $494K | 20x |
OKX HANMI-USDT-SWAP
KuCoin HANMIUSDTMFunding 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
- −$445.2
- Price spread: −0.190% → −0.050%
- −$13.94
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$481.14
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 42 min ago; KuCoin: live order book, 70 min ago. Net counts fees only.
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, 42 min ago | 17.34 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 70 min ago | 4.48 bp | 147.2 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
HANMI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT HANMI_USDT_Perp | −0.2810% | 4h | 178.92 | −0.251% | $265 | $145K | 10x | as long as short |
| Bitget HANMIUSDT | −0.2378% | 8h | 179.28 | −0.050% | $40K | $2.0M | 20x | as long as short |
| Binance HANMIUSDT | −0.2258% | 4h | 178.93 | −0.248% | $109K | $1.4M | 20x | as long as short |
| KuCoin HANMIUSDTMshort | −0.2120% | 4h | 179.03 | −0.190% | $12K | $494K | 20x | |
| Bybit HANMIUSDT | 0.0000% | 8h | 179.56 | +0.106% | $36K | $68K | 25x | as long as short |
| OKX HANMI-USDT-SWAPlong | 0.0000% | 8h | 179.37 | long leg | $17K | $202K | 20x | |
| Gate HANMI_USDT | 0.0000% | 4h | 179.25 | −0.067% | $53K | $27K | 20x | as long as short |
| HTX HANMI-USDT | 0.0000% | 4h | 178.97 | −0.223% | $7K | $348K | 10x | as long as short |
| edgeX HANMIUSDC | +0.0361% | 4h | 178.84 | −0.293% | $18K | $261K | 10x | as long as short |
GRVT HANMI_USDT_Perp
Bitget HANMIUSDT
Binance HANMIUSDT
Bybit HANMIUSDT
Gate HANMI_USDT
HTX HANMI-USDT
edgeX HANMIUSDC