Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: KuCoin against OKX−0.082%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2462.461% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.082%, 7d avg −0.041%
=Funding pays, the price is against you. KuCoin is 0.042% cheaper against OKX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.041%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.020% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AAPL-USDT-SWAP | 339.90 | 0 | get 0.0000% / 8h | 32m 24s | $6.3M | $6.9M | 25x |
| Short | KuCoin AAPLUSDTM | 339.62 | 0.0100 | get 0.0100% / 8h | 32m 24s | $1.4M | $42K | 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.082% → −0.041%
- −$4.18
- Slippage, 4 orders
- −$224.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$229.31
- Costs to cover
- 2.461%
- Break-even
- 83.4 days
Slippage from OKX: live order book, 6 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, 6 min ago | 0.15 bp | 7.1 bp −$7 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.62 bp | 96.7 bp −$97 | doesn't fit | doesn't fit | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0920% | 4h | 339.68 | −0.064% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0154% | 1h | 339.80 | −0.029% | $556K | $37K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0072% | 1h | 339.83 | −0.021% | $36K | — | 20x | as long as short |
| BloFin AAPL-USDT | −0.0003% | 8h | 339.83 | −0.021% | $343K | $167K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.81 | −0.026% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.84 | −0.018% | $289K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.93 | +0.009% | $22.1M | $67.5M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.94 | +0.012% | $7.4M | $139.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAPlong | 0.0000% | 8h | 339.90 | long leg | $6.3M | $6.9M | 25x | |
| Gate AAPL_USDT | 0.0000% | 8h | 339.70 | −0.059% | $3.0M | $5.4M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.93 | +0.009% | $6.2M | $3.6M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.74 | −0.049% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.85 | −0.015% | $13K | $357K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.91 | +0.003% | $612 | $4.5M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.69 | −0.062% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.79 | −0.032% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.89 | −0.003% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.81 | −0.026% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.79 | −0.032% | $942K | $2.7M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.77 | −0.038% | $950K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.71 | −0.056% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.76 | −0.041% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.85 | −0.015% | $40.6M | $76.2M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.74 | −0.047% | $279K | $424K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.85 | −0.015% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.74 | −0.047% | $1.3M | $2.4M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.103% | $660K | $661K | 10x | as long as short |
| KuCoin AAPLUSDTMshort | +0.0100% | 8h | 339.62 | −0.082% | $1.4M | $42K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.77 | −0.038% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.77 | −0.038% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.74 | −0.046% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.61 | −0.085% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.87 | −0.009% | $5K | $12K | 20x | as long as short |
OKX AAPL-USDT-SWAP
KuCoin AAPLUSDTM
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Coinbase International AAPL-PERP-INTX
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL