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: KuCoin against OKX+0.056%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$775as in the Funding arb table
Net, price: spread back to 7d avg − costs−$789as in the Price arb table
costs, in and out, $10k−$7967.960% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.056%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.075% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TER-USDT-SWAP | 376.76 | 0 | get 0.0000% / 8h | 1h 18m | $203K | $178K | 20x |
| Short | KuCoin TERUSDTM | 376.97 | 0.0100 | get 0.0100% / 8h | 1h 18m | $228K | $87K | 20x |
OKX TER-USDT-SWAP
KuCoin TERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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: +0.056% → −0.019%
- $7.52
- Slippage, 4 orders
- −$774.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$767.51
- Costs to cover
- 7.960%
- Break-even
- 262.8 days
Slippage from OKX: live order book, 21 min ago; KuCoin: live order book, 23 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 OKX live order book, 21 min ago | 7.95 bp | 22.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 23 min ago | 14.85 bp | 292.2 bp −$292 | 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 | −0.0368% | 8h | 377.64 | +0.234% | $250K | $152K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 377.28 | +0.139% | $522K | $1.0M | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 377.06 | +0.080% | $251K | $182K | 25x | as long as short |
| OKX TER-USDT-SWAPlong | 0.0000% | 8h | 376.76 | long leg | $203K | $178K | 20x | |
| Gate TER_USDT | 0.0000% | 8h | 377.10 | +0.090% | $294K | $215K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 377.18 | +0.113% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.19 | +0.115% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTMshort | +0.0100% | 8h | 376.97 | +0.056% | $228K | $87K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 377.27 | +0.135% | $3K | $38K | 10x | as long as short |
| Paragon para:TER | +0.0690% | 1h | 377.10 | +0.090% | $120K | $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