Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against KuCoin0.000%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$622as in the Funding arb table
Net, price: spread back to 7d avg − costs−$607as in the Price arb table
costs, in and out, $10k−$6016.014% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now 0.000%, 7d avg +0.053%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ONDSUSDTM | 7.3700 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $78K | $519K | 20x |
| Short | OKX ONDS-USDT-SWAP | 7.3700 | 0 | get 0.0000% / 8h | 1h 14m | $186K | $127K | 10x |
KuCoin ONDSUSDTM
OKX ONDS-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
- −$21
- Price spread: 0.000% → +0.053%
- −$5.29
- Slippage, 4 orders
- −$579.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$627.69
- Costs to cover
- 6.014%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 30 min ago; OKX: live order book, 26 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, 30 min ago | 6.79 bp | 240.5 bp −$240 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 26 min ago | 4.75 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
ONDS on 11 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 ONDSUSDT | 0.0000% | 8h | 7.3606 | −0.128% | $2K | $5K | 20x | as long as short |
| Binance ONDSUSDT | 0.0000% | 8h | 7.3673 | −0.036% | $1.5M | $1.4M | 20x | as long as short |
| Bybit ONDSUSDT | 0.0000% | 8h | 7.3580 | −0.163% | $507K | $158K | 25x | as long as short |
| OKX ONDS-USDT-SWAPshort | 0.0000% | 8h | 7.3700 | 0.000% | $186K | $127K | 10x | |
| Gate ONDS_USDT | 0.0000% | 8h | 7.3590 | −0.149% | $366K | $211K | 20x | as long as short |
| Bitget ONDSUSDT | 0.0000% | 8h | 7.3630 | −0.095% | $886K | $434K | 20x | as long as short |
| GRVT ONDS_USDT_Perp | 0.0000% | 8h | 7.3653 | −0.064% | $2K | $154K | 10x | as long as short |
| SunX ONDS-USDT | 0.0000% | 8h | 7.3500 | −0.271% | $922 | $477K | 10x | as long as short |
| HTX ONDS-USDT | 0.0000% | 8h | 7.3800 | +0.136% | $5K | $1K | 10x | as long as short |
| Vest ONDS-USD-PERP | +0.0046% | 1h | 7.3400 | −0.407% | — | — | 5x | as long as short |
Aster ONDSUSDT
Binance ONDSUSDT
Bybit ONDSUSDT
Gate ONDS_USDT
Bitget ONDSUSDT
GRVT ONDS_USDT_Perp
SunX ONDS-USDT
HTX ONDS-USDT
Vest ONDS-USD-PERPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ONDSUSDTMlong | +0.0100% | 8h | 7.3700 | long leg | $78K | $519K | 20x |