Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against HTX−0.072%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1041.040% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.072%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.039% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OP-USDT | 0.1252 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $169K | $253K | 50x |
| Short | KuCoin OPUSDTM | 0.1251 | 0.0060 | get 0.0060% / 8h | 1h 29m | $2.8M | $6.3M | 75x |
HTX OP-USDT
KuCoin OPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. 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
- −$8.4
- Price spread: −0.072% → −0.033%
- −$3.94
- Slippage, 4 orders
- −$80.03
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$116.37
- Costs to cover
- 1.040%
- Break-even
- never at this rate
Slippage from HTX: live order book, 13 min ago; KuCoin: live order book, 9 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 HTX live order book, 13 min ago | 8.67 bp | 24.3 bp −$24 | 2800.5 bp −$28.0K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 3.96 bp | 30.4 bp −$30 | 82.3 bp −$823 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1760% | 1h | 0.1249 | −0.232% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1260 | +0.673% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0051% | 8h | 0.1252 | +0.008% | $59K | $177K | 10x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1253 | +0.068% | $749K | $656K | 20x | as long as short |
| Variational Omni OP | −0.0014% | 8h | 0.1259 | +0.554% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | +0.230% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1253 | +0.088% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1259 | +0.579% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1253 | +0.088% | $24K | $64K | 50x | as long as short |
| Bybit OPUSDT | +0.0056% | 8h | 0.1251 | −0.080% | $18.3M | $26.0M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Bybit OPUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTMshort | +0.0060% | 8h | 0.1251 | −0.072% | $2.8M | $6.3M | 75x | |
| OKX OP-USDT-SWAP | +0.0076% | 8h | 0.1251 | −0.072% | $6.1M | $29.4M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1252 | +0.024% | $275K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1251 | −0.040% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | +0.013% | $207K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1252 | −0.027% | $19.8M | $66.6M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1252 | +0.024% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1252 | −0.032% | $22.4M | $8.0M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1251 | −0.072% | $5.7M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1252 | +0.008% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1251 | −0.096% | $106K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1260 | +0.613% | $382K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1259 | +0.547% | $310K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1261 | +0.727% | $43K | $700K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1252 | −0.024% | $207 | $6K | 5x | as long as short |
| HTX OP-USDTlong | +0.0100% | 8h | 0.1252 | long leg | $169K | $253K | 50x | |
| Extended OP-USD | +0.0104% | 1h | 0.1251 | −0.052% | $100K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1252 | +0.013% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | −0.096% | $992K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1251 | −0.065% | $696 | — | 20x | as long as short |
OKX OP-USDT-SWAP
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP