Funding you earn now, next payment 08:00 UTC−0.0686%/8h= −75.1% APRnext payment −$3.43 per $10,000 · paid last 24h −0.091%
Price spread now: KuCoin against OKX−0.005%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$498as in the Funding arb table
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4894.893% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 7 days+0.159%+$16 · spread now −0.005%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.035% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.43 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 SOON-USDT-SWAP | 0.1951 | 0.0786 | pay 0.0393% / 4h | 3h 44m | $2.0M | $488K | 20x |
| Short | KuCoin SOONUSDTM | 0.1951 | 0.0100 | get 0.0050% / 4h | 3h 44m | $1.8M | $3.3M | 50x |
OKX SOON-USDT-SWAP
KuCoin SOONUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$144.03
- Price spread: −0.005% → +0.029%
- −$3.46
- Slippage, 4 orders
- −$467.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$636.8
- Costs to cover
- 4.893%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 3 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 | 2.56 bp | 38.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.85 bp | 194.7 bp −$195 | 658.9 bp −$6,589 | doesn't fit | doesn't fit |
SOON on 11 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 SOONUSDTMshort | +0.0100% | 4h | 0.1951 | −0.005% | $1.8M | $3.3M | 50x | |
| Kraken Futures PF_SOONUSD | +0.0434% | 1h | 0.1941 | −0.527% | $11K | $2K | 10x | as long as short |
| Gate SOON_USDT | +0.0636% | 4h | 0.1945 | −0.308% | $3.2M | $126K | 50x | as long as short |
| Extended SOON-USD | +0.0704% | 1h | 0.1950 | −0.061% | $8K | $189K | 5x | as long as short |
| Binance SOONUSDT | +0.0706% | 4h | 0.1950 | −0.026% | $8.0M | $2.0M | 50x | as long as short |
| Bybit SOONUSDT | +0.0732% | 4h | 0.1939 | −0.595% | $2.5M | $1.2M | 25x | as long as short |
| OKX SOON-USDT-SWAPlong | +0.0786% | 4h | 0.1951 | long leg | $2.0M | $488K | 20x | |
| Bitget SOONUSDT | +0.1092% | 4h | 0.1951 | 0.000% | $9.2M | $275K | 25x | as long as short |
| Variational Omni SOON | +0.1209% | 4h | 0.1939 | −0.632% | $239K | $20K | — | as long as short |
| Aster SOONUSDT | +0.1237% | 4h | 0.1947 | −0.217% | $189K | $3K | 5x | as long as short |
Kraken Futures PF_SOONUSD
Gate SOON_USDT
Extended SOON-USD
Binance SOONUSDT
Bybit SOONUSDT
Bitget SOONUSDT
Variational Omni SOON
Aster SOONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.2154% | 4h | 0.1945 | −0.308% | — | $6.7M | — | as long as short |
BingX SOON-USDT