ARX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0432%/8h= −47.3% APRnext payment −$2.16 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against OKX−0.245%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$691as in the Funding arb table

Net, price: spread back to 7d avg − costs−$714as in the Price arb table

costs, in and out, $10k−$6916.911% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.245%, 7d avg −0.019%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.226% cheaper against OKX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.16 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 ARX-USDT-SWAP	0.2043	0.0532	pay 0.0266% / 4h	2h 38m	$740K	$3.0M	20x
Short	KuCoin ARXUSDTM	0.2038	0.0100	get 0.0050% / 4h	2h 38m	$719K	$769K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee KuCoinbpOrdersPrice spread, now −0.245%Rate

Funding earned: −$90.68
Price spread: −0.245% → −0.019%: −$22.62
Slippage, 4 orders: −$669.12
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$804.42
Costs to cover: 6.911%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 75 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, 3 min ago	4.89 bp	29.1 bp −$29	2422.9 bp −$24.2K	doesn't fit	doesn't fit
Sell KuCoin live order book, 75 min ago	6.97 bp	246.0 bp −$246	doesn't fit	doesn't fit	doesn't fit

ARX 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
KuCoin ARXUSDTMshort	+0.0100%	4h	0.2038	−0.245%	$719K	$769K	20x
Bitget ARXUSDT	+0.0100%	4h	0.2043	0.000%	$2.0M	$1.7M	20x	as long as short
Gate ARX_USDT	+0.0182%	4h	0.2050	+0.343%	$1.0M	$415K	20x	as long as short
BloFin ARX-USDT	+0.0412%	4h	0.2027	−0.783%	$239K	$48K	20x	as long as short
OKX ARX-USDT-SWAPlong	+0.0532%	4h	0.2043	long leg	$740K	$3.0M	20x
MEXC ARX_USDT	+0.0616%	4h	0.2040	−0.147%	$884K	$420K	20x	as long as short
Binance ARXUSDT	+0.0616%	4h	0.2043	−0.021%	$5.5M	$11.2M	20x	as long as short
Aster ARXUSDT	+0.0820%	4h	0.2040	−0.157%	$78K	$96K	10x	as long as short
Bybit ARXUSDT	+0.1555%	4h	0.2045	+0.098%	$4.2M	$2.3M	20x	as long as short
BingX ARX-USDT	+0.1572%	4h	0.2042	−0.049%	—	$1.7M	—	as long as short