Settings8H · net · $10k
Funding arb · Price arb /

DOS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0522%/8h= +57.2% APRnext payment +$2.61 per $10,000 · paid last 24h +0.093%
Price spread now: OKX against KuCoin−0.152%7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,166as in the Price arb table
costs, in and out, $10k−$1,16911.691% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 4 days (all we have)−0.255%−$26 · spread now −0.152%, 7d avg −0.187%
Together, before fees−0.196%−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and OKX is 0.034% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.187%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin DOSUSDTM0.21690.0100pay 0.0050% / 4h3h 17m$299K$904K20x
ShortOKX DOS-USDT-SWAP0.21660.0622get 0.0311% / 4h3h 17m$1.2M$2.1M20x

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

Profit calculator

Funding earned
$109.67
Price spread: −0.152% → −0.187%
$3.45
Slippage, 4 orders
−$1,147.1
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$1,055.99
Costs to cover
11.691%
Break-even
74.4 days
Slippage from KuCoin: live order book, 17 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 17 min ago27.65 bp703.9 bp −$704doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.31 bp19.2 bp −$19181.5 bp −$1,815doesn't fitdoesn't fit

DOS on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin DOSUSDTMlong+0.0100%4h0.2169long leg$299K$904K20x
HTX DOS-USDT+0.0100%4h0.2166−0.152%$15K$373K10xas long as short
Bitget DOSUSDT+0.0164%4h0.2165−0.203%$224K$314K10xas long as short
Gate DOS_USDT+0.0288%4h0.2166−0.152%$197K$224K20xas long as short
BloFin DOS-USDT+0.0474%4h0.2170+0.032%$111K$22K20xas long as short
MEXC DOS_USDT+0.0508%4h0.2167−0.106%$452K$165K20xas long as short
Binance DOSUSDT+0.0509%4h0.2167−0.092%$2.2M$2.6M20xas long as short
OKX DOS-USDT-SWAPshort+0.0622%4h0.2166−0.152%$1.2M$2.1M20x
BingX DOS-USDT+0.0858%4h0.2168−0.060%$1.6Mas long as short
Bybit DOSUSDT+0.0858%4h0.2167−0.106%$846K$181K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOSUSDT+0.0949%4h0.2165−0.193%$6K$11K5xas long as short