Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.019%
Price spread now: OKX against KuCoin+0.180%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs−$983as in the Funding arb table
Net, price: spread back to 7d avg − costs−$965as in the Price arb table
costs, in and out, $10k−$9639.631% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.180%, 7d avg +0.201%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.201%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RDWUSDTM | 11.650 | 0.0100 | pay 0.0100% / 8h | 6h 16m | $291K | $734K | 20x |
| Short | OKX RDW-USDT-SWAP | 11.671 | 0 | get 0.0000% / 8h | 6h 16m | $152K | $216K | 10x |
KuCoin RDWUSDTM
OKX RDW-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: +0.180% → +0.201%
- −$2.05
- Slippage, 4 orders
- −$941.12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$986.17
- Costs to cover
- 9.631%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 22 min ago; OKX: live order book, 48 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, 22 min ago | 4.30 bp | 434.4 bp −$434 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 48 min ago | 13.26 bp | 76.4 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
RDW on 8 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 RDWUSDT | 0.0000% | 8h | 11.688 | +0.326% | $457K | $912K | 25x | as long as short |
| OKX RDW-USDT-SWAPshort | 0.0000% | 8h | 11.671 | +0.180% | $152K | $216K | 10x | |
| QFEX RDW-USD | 0.0000% | 1h | 11.650 | 0.000% | $1.1M | $138K | 10x | as long as short |
| Gate RDW_USDT | 0.0000% | 8h | 11.678 | +0.240% | $139K | $22K | 20x | as long as short |
| Bitget RDWUSDT | 0.0000% | 8h | 11.657 | +0.060% | $420K | $78K | 20x | as long as short |
| KuCoin RDWUSDTMlong | +0.0100% | 8h | 11.650 | long leg | $291K | $734K | 20x | |
| SunX RDW-USDT | +0.0100% | 8h | 11.659 | +0.077% | — | $2.4M | 10x | as long as short |
| HTX RDW-USDT | +0.0100% | 8h | 11.745 | +0.815% | $17K | $40K | 10x | as long as short |
Bybit RDWUSDT
QFEX RDW-USD
Gate RDW_USDT
Bitget RDWUSDT
SunX RDW-USDT
HTX RDW-USDT