ARX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.59 per $10,000 · paid last 24h +0.011%

Price spread now: KuCoin against OKX−0.417%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$537as in the Funding arb table

Net, price: spread back to 7d avg − costs−$580as in the Price arb table

costs, in and out, $10k−$5405.399% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.430%+$43 · spread now −0.417%, 7d avg −0.012%

Together, before fees+0.454%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.405% cheaper against OKX than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARX-USDT-SWAP	0.2014	0.0217	pay 0.0109% / 4h	44m 04s	$728K	$3.0M	20x
Short	KuCoin ARXUSDTM	0.2006	0.0100	get 0.0050% / 4h	44m 04s	$698K	$703K	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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee KuCoinbpOrdersPrice spread, now −0.417%Rate

Funding earned: −$24.64
Price spread: −0.417% → −0.012%: −$40.5
Slippage, 4 orders: −$517.89
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$605.04
Costs to cover: 5.399%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 20 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	4.96 bp	28.9 bp −$29	2423.6 bp −$24.2K	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	14.20 bp	249.4 bp −$249	doesn't fit	doesn't fit	doesn't fit

ARX on 10 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
Gate ARX_USDT	+0.0100%	4h	0.2021	+0.348%	$1.0M	$409K	20x	as long as short
KuCoin ARXUSDTMshort	+0.0100%	4h	0.2006	−0.417%	$698K	$703K	20x
BloFin ARX-USDT	+0.0128%	4h	0.2014	0.000%	$236K	$51K	20x	as long as short
OKX ARX-USDT-SWAPlong	+0.0217%	4h	0.2014	long leg	$728K	$3.0M	20x
MEXC ARX_USDT	+0.0258%	4h	0.2011	−0.149%	$861K	$402K	20x	as long as short
Binance ARXUSDT	+0.0260%	4h	0.2011	−0.161%	$5.4M	$11.1M	20x	as long as short
Bitget ARXUSDT	+0.0284%	4h	0.2012	−0.109%	$1.9M	$1.7M	20x	as long as short
Aster ARXUSDT	+0.0448%	4h	0.2010	−0.199%	$86K	$91K	10x	as long as short
BingX ARX-USDT	+0.0684%	4h	0.2013	−0.050%	—	$1.7M	—	as long as short
Bybit ARXUSDT	+0.0792%	4h	0.2012	−0.099%	$4.0M	$2.3M	20x	as long as short