Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.026%
Price spread now: OKX against KuCoin+0.025%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$2042.039% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.025%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WDCUSDTM | 442.73 | 0.0100 | pay 0.0100% / 8h | 1h 53m | $272K | $45K | 20x |
| Short | OKX WDC-USDT-SWAP | 442.84 | 0.0066 | get 0.0066% / 8h | 1h 53m | $2.1M | $4.2M | 20x |
KuCoin WDCUSDTM
OKX WDC-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
- −$7.16
- Price spread: +0.025% → +0.045%
- −$2.04
- Slippage, 4 orders
- −$181.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$213.14
- Costs to cover
- 2.039%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 64 min ago; OKX: live order book, 4 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, 64 min ago | 21.59 bp | 108.5 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.35 bp | 16.7 bp −$17 | 102.8 bp −$1,028 | doesn't fit | doesn't fit |
WDC on 17 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 WDCUSDT | −0.0412% | 8h | 443.06 | +0.075% | $1.1M | $1.1M | 20x | as long as short |
| BloFin WDC-USDT | −0.0001% | 8h | 442.84 | +0.025% | $142K | $94K | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 443.15 | +0.096% | $20K | $126K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 442.84 | +0.026% | $6K | $169K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 442.98 | +0.056% | $7.3M | $25.4M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 442.74 | +0.002% | $1.9M | $862K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 442.80 | +0.016% | $1.9M | $2.4M | 50x | as long as short |
| GRVT WDC_USDT_Perp | +0.0031% | 8h | 443.04 | +0.070% | $518 | $150K | 10x | as long as short |
| Lighter WDC | +0.0032% | 1h | 442.60 | −0.029% | — | — | 10x | as long as short |
| QFEX WDC-USD | +0.0057% | 1h | 442.76 | +0.007% | $1.1M | $3.1M | 10x | as long as short |
Bitget WDCUSDT
BloFin WDC-USDT
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
GRVT WDC_USDT_Perp
Lighter WDC
QFEX WDC-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WDC-USDT-SWAPshort | +0.0066% | 8h | 442.84 | +0.025% | $2.1M | $4.2M | 20x | |
| KuCoin WDCUSDTMlong | +0.0100% | 8h | 442.73 | long leg | $272K | $45K | 20x | |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 442.72 | −0.002% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 443.00 | +0.061% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 443.05 | +0.072% | $33K | $8K | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0105% | 1h | 442.53 | −0.045% | $2.3M | $2.1M | 10x | as long as short |
| edgeX WDCUSDC | +0.0481% | 4h | 443.01 | +0.064% | $49K | $229K | 10x | as long as short |
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
tradeXYZ xyz:WDC
edgeX WDCUSDC