Funding you earn now, next payment 08:00 UTC−0.0213%/8h= −23.3% APRnext payment −$2.13 per $10,000 · paid last 24h +0.007%
Price spread now: OKX against KuCoin−0.064%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,099as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,108as in the Price arb table
costs, in and out, $10k−$1,09710.973% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.064%, 7d avg +0.043%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.106% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VRTUSDTM | 251.94 | 0.0581 | pay 0.0581% / 8h | 3h 48m | $107K | $22K | 20x |
| Short | OKX VRT-USDT-SWAP | 251.78 | 0.0368 | get 0.0368% / 8h | 3h 48m | $267K | $157K | 20x |
KuCoin VRTUSDTM
OKX VRT-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
- −$44.66
- Price spread: −0.064% → +0.043%
- −$10.62
- Slippage, 4 orders
- −$1,075.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,152.56
- Costs to cover
- 10.973%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 15 min ago; OKX: live order book, 2 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, 15 min ago | 16.41 bp | 767.1 bp −$767 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 9.53 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
VRT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VRT_USDT | 0.0000% | 8h | 252.40 | +0.183% | $140K | $18K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 251.77 | −0.067% | $482K | $150K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 252.29 | +0.139% | $1K | $466K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 252.00 | +0.024% | $9K | $42K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −1.000% | $9K | $50 | 12x | as long as short |
| Bybit VRTUSDT | +0.0325% | 8h | 251.83 | −0.044% | $451K | $121K | 25x | as long as short |
| OKX VRT-USDT-SWAPshort | +0.0368% | 8h | 251.78 | −0.064% | $267K | $157K | 20x | |
| KuCoin VRTUSDTMlong | +0.0581% | 8h | 251.94 | long leg | $107K | $22K | 20x | |
| Binance VRTUSDT | +0.0869% | 8h | 251.71 | −0.091% | $1.1M | $1.0M | 25x | as long as short |
Gate VRT_USDT
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
Bybit VRTUSDT
Binance VRTUSDT