Funding you earn now, next payment 08:00 UTC−0.0533%/8h= −58.4% APRnext payment −$5.33 per $10,000 · paid last 24h −0.226%
Price spread now: OKX against KuCoin−0.164%7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,024as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,070as in the Price arb table
costs, in and out, $10k−$1,04610.457% of the position
Funding, last 7 days+0.216%+$22 on $10k
+Price spread, last 4 days (all we have)+0.765%+$77 · spread now −0.164%, 7d avg +0.082%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and OKX is 0.245% cheaper against KuCoin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.082%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.216%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.216% in total (about 11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.33 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 | KuCoin INFQUSDTM | 14.060 | 0.0533 | pay 0.0533% / 8h | 4h 36m | $141K | $96K | 20x |
| Short | OKX INFQ-USDT-SWAP | 14.037 | 0 | get 0.0000% / 8h | 4h 36m | $139K | $80K | 10x |
KuCoin INFQUSDTM
OKX INFQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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
- −$111.93
- Price spread: −0.164% → +0.082%
- −$24.54
- Slippage, 4 orders
- −$1,023.72
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,182.19
- Costs to cover
- 10.457%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 38 min ago; OKX: live order book, 18 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 KuCoin live order book, 38 min ago | 24.87 bp | 364.2 bp −$364 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 18 min ago | 14.58 bp | 117.0 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
INFQ on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INFQUSDT | 0.0000% | 8h | 14.000 | −0.427% | $76K | $47K | 25x | as long as short |
| OKX INFQ-USDT-SWAPshort | 0.0000% | 8h | 14.037 | −0.164% | $139K | $80K | 10x | |
| Gate INFQ_USDT | 0.0000% | 8h | 14.050 | −0.071% | $41K | $7K | 20x | as long as short |
| Bitget INFQUSDT | 0.0000% | 8h | 14.063 | +0.021% | $97K | $74K | 20x | as long as short |
| HTX INFQ-USDT | +0.0100% | 8h | 14.030 | −0.213% | $1K | $276K | 20x | as long as short |
| KuCoin INFQUSDTMlong | +0.0533% | 8h | 14.060 | long leg | $141K | $96K | 20x |
Bybit INFQUSDT
Gate INFQ_USDT
Bitget INFQUSDT
HTX INFQ-USDT