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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+5.2205%/8h= +5716.5% APRnext payment +$65.26 per $10,000 · paid last 24h +8.150%
Price spread now: KuCoin against OKX−31.931%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,864as in the Price arb table
costs, in and out, $10k−$6716.711% of the position
Long on OKXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+6.799%+$680 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 31.931% cheaper against OKX than usual: you would sell low and buy high (spread −31.931% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3,193 on $10k: about 2.0 days of funding at the current rate (+$1,566 a day). At the pace of the last 7 days (+6.799% in total) that is about 33 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 6.799% in total (about 354.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$65.26 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
LongOKX ONE-USDT-SWAP0.005738−5.6565get 0.7071% / 1h3m 39s$7.1M$238.3M10x
ShortKuCoin ONEUSDTM0.003906−0.4360pay 0.0545% / 1h3m 39s$3.6M$11.5M30x

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

Funding earned
$10,963.13
Price spread: −31.931% → 0.000%
−$3,193.11
Slippage, 4 orders
−$649.06
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$7,098.96
Costs to cover
6.711%
Break-even
2.5 days
Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 5 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 OKX live order book, 5 min ago0.69 bp35.6 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago7.73 bp212.3 bp −$212doesn't fitdoesn't fitdoesn't fit

ONE on 10 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
OKX ONE-USDT-SWAPlong−5.6565%1h0.005738long leg$7.1M$238.3M10x
KuCoin ONEUSDTMshort−0.4360%1h0.003906−31.931%$3.6M$11.5M30x
BloFin ONE-USDT−0.0860%1h0.003772−34.268%$791K$1.9M50xas long as short
Bitget ONEUSDT−0.0832%1h0.003822−33.397%$1.9M$27.9M20xas long as short
Gate ONE_USDT−0.0105%8h0.003775−34.214%$1.7M$14.0M20xas long as short
Aster ONEUSDT−0.0064%1h0.003770−34.303%$2.0M$5.5M5xas long as short
BingX ONE-USDT+0.0072%1h0.003798−33.811%—$5.3M—as long as short
MEXC ONE_USDT+0.0096%1h0.003798−33.811%$11.6M$14.9M20xas long as short
Variational Omni ONE+0.0100%1h0.003774−34.232%$93K$32K—as long as short
Binance ONEUSDT+0.0100%1h0.003775−34.207%$13.3M$310.1M50xas long as short