Funding you earn now, next payment 16:00 UTC+0.0767%/8h= +84.0% APRnext payment +$7.67 per $10,000 · paid last 24h +0.088%
Price spread now: OKX against KuCoin+0.060%7-day average +0.206% · you sell dearer than you buy
Net, funding: paid 7d − costs−$899as in the Funding arb table
Net, price: spread back to 7d avg − costs−$907as in the Price arb table
costs, in and out, $10k−$8928.920% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.318%+$32 · spread now +0.060%, 7d avg +0.206%
=Funding pays, the price is against you. OKX is 0.146% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.206%). If the spread goes back, that is −$15 on $10k: about 15 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.67 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin POETUSDTM | 8.3800 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $58K | $154K | 20x |
| Short | OKX POET-USDT-SWAP | 8.3850 | 0.0867 | get 0.0867% / 8h | 6h 09m | $165K | $213K | 10x |
KuCoin POETUSDTM
OKX POET-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
- $161.13
- Price spread: +0.060% → +0.206%
- −$14.64
- Slippage, 4 orders
- −$870.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$745.52
- Costs to cover
- 8.920%
- Break-even
- 39.4 days
Slippage from KuCoin: live order book, 32 min ago; OKX: live order book, 39 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, 32 min ago | 17.95 bp | 363.9 bp −$364 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 39 min ago | 8.37 bp | 85.3 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
POET on 4 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget POETUSDT | −0.0235% | 8h | 8.3640 | −0.191% | $262K | $80K | 20x | as long as short |
| KuCoin POETUSDTMlong | +0.0100% | 8h | 8.3800 | long leg | $58K | $154K | 20x | |
| OKX POET-USDT-SWAPshort | +0.0867% | 8h | 8.3850 | +0.060% | $165K | $213K | 10x | |
| Bybit POETUSDT | +0.1685% | 8h | 8.3750 | −0.060% | $184K | $325K | 25x | as long as short |
Bitget POETUSDT
Bybit POETUSDT