Funding you earn now, next payment 16:00 UTC+0.0312%/8h= +34.1% APRnext payment +$3.12 per $10,000 · paid last 24h +0.038%
Price spread now: KuCoin against OKX+0.064%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,308as in the Price arb table
costs, in and out, $10k−$1,31813.185% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.064%, 7d avg −0.042%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.107% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.042%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.12 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 | OKX VRT-USDT-SWAP | 249.00 | 0.0164 | pay 0.0164% / 8h | 7h 44m | $256K | $169K | 20x |
| Short | KuCoin VRTUSDTM | 249.16 | 0.0476 | get 0.0476% / 8h | 7h 44m | $110K | $53K | 20x |
OKX VRT-USDT-SWAP
KuCoin VRTUSDTMFunding 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
- $65.42
- Price spread: +0.064% → −0.042%
- $10.67
- Slippage, 4 orders
- −$1,296.48
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,242.4
- Costs to cover
- 13.185%
- Break-even
- 139.9 days
Slippage from OKX: live order book, 51 min ago; KuCoin: live order book, 40 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, 51 min ago | 5.80 bp | 81.0 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 40 min ago | 20.44 bp | 256.5 bp −$256 | 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 | 249.40 | +0.161% | $141K | $18K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 249.33 | +0.133% | $510K | $176K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 249.06 | +0.024% | $1K | $440K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 248.94 | −0.024% | $8K | $41K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | +0.169% | $9K | $50 | 12x | as long as short |
| OKX VRT-USDT-SWAPlong | +0.0164% | 8h | 249.00 | long leg | $256K | $169K | 20x | |
| KuCoin VRTUSDTMshort | +0.0476% | 8h | 249.16 | +0.064% | $110K | $53K | 20x | |
| Bybit VRTUSDT | +0.0511% | 8h | 249.59 | +0.237% | $447K | $123K | 25x | as long as short |
| Binance VRTUSDT | +0.0540% | 8h | 249.21 | +0.086% | $1.1M | $1.1M | 25x | as long as short |
Gate VRT_USDT
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
Bybit VRTUSDT
Binance VRTUSDT