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 KuCoin+0.260%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,116as 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−$1,09510.945% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.260%, 7d avg +0.018%
=The price spread pays, funding is against you. OKX is 0.241% dearer against KuCoin than usual: you sell high and buy low (spread +0.260% now, against its 7-day average of +0.018%): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TERUSDTM | 377.51 | 0.0100 | pay 0.0100% / 8h | 5m 25s | $228K | $106K | 20x |
| Short | OKX TER-USDT-SWAP | 378.49 | 0 | get 0.0000% / 8h | 5m 25s | $205K | $179K | 20x |
KuCoin TERUSDTM
OKX TER-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: +0.260% → +0.018%
- $24.12
- Slippage, 4 orders
- −$1,072.52
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,091.4
- Costs to cover
- 10.945%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; OKX: live order book, 30 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, 26 min ago | 12.97 bp | 366.1 bp −$366 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 14.16 bp | 31.3 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
TER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDT | −0.0236% | 8h | 377.83 | +0.085% | $240K | $156K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 378.01 | +0.133% | $521K | $1.0M | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 377.47 | −0.011% | $251K | $128K | 25x | as long as short |
| OKX TER-USDT-SWAPshort | 0.0000% | 8h | 378.49 | +0.260% | $205K | $179K | 20x | |
| Gate TER_USDT | 0.0000% | 8h | 377.40 | −0.029% | $295K | $213K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 378.04 | +0.141% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 381.50 | +1.058% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTMlong | +0.0100% | 8h | 377.51 | long leg | $228K | $106K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 378.15 | +0.170% | $3K | $39K | 10x | as long as short |
| Paragon para:TER | +0.1768% | 1h | 379.75 | +0.593% | $121K | $52K | 10x | as long as short |
Bitget TERUSDT
Binance TERUSDT
Bybit TERUSDT
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
HTX TER-USDT
Paragon para:TER