Funding you earn now, next payment 08:00 UTC+0.0380%/8h= +41.6% APRnext payment +$1.90 per $10,000 · paid last 24h +0.053%
Price spread now: OKX against KuCoin+0.149%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2822.817% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now +0.149%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and OKX is 0.116% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.033%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 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 | KuCoin EDGEUSDTM | 0.6032 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $2.2M | $2.2M | 50x |
| Short | OKX EDGE-USDT-SWAP | 0.6041 | 0.0480 | get 0.0240% / 4h | 1h 17m | $3.8M | $6.2M | 20x |
KuCoin EDGEUSDTM
OKX EDGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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
- $79.85
- Price spread: +0.149% → +0.033%
- $11.59
- Slippage, 4 orders
- −$259.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$190.22
- Costs to cover
- 2.817%
- Break-even
- 23.7 days
Slippage from KuCoin: live order book, 9 min ago; OKX: live order book, 5 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 KuCoin live order book, 9 min ago | 5.81 bp | 156.3 bp −$156 | 1002.9 bp −$10.0K | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.83 bp | 18.6 bp −$19 | 127.3 bp −$1,273 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERP | −0.0191% | 1h | 0.6028 | −0.066% | $57K | $123K | 3.3x | as long as short |
| Lighter EDGE | +0.0096% | 1h | 0.6022 | −0.171% | $44K | $22K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.6025 | −0.116% | $7.3M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTMlong | +0.0100% | 4h | 0.6032 | long leg | $2.2M | $2.2M | 50x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6023 | −0.149% | $4.8M | $1.1M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.6014 | −0.291% | $190K | $144K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.6019 | −0.217% | $2K | $3.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6035 | +0.050% | $9K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5995 | −0.613% | $4K | $642K | 10x | as long as short |
| Aster EDGEUSDT | +0.0333% | 4h | 0.6023 | −0.157% | $53K | $155K | 5x | as long as short |
Backpack EDGE_USDC_PERP
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0443% | 4h | 0.6017 | −0.243% | $14.4M | $3.7M | 30x | as long as short |
| BloFin EDGE-USDT | +0.0470% | 4h | 0.6037 | +0.083% | $665K | $107K | 50x | as long as short |
| OKX EDGE-USDT-SWAPshort | +0.0480% | 4h | 0.6041 | +0.149% | $3.8M | $6.2M | 20x | |
| Binance EDGEUSDT | +0.0502% | 4h | 0.6032 | +0.004% | $10.4M | $10.8M | 50x | as long as short |
| MEXC EDGE_USDT | +0.0510% | 4h | 0.6030 | −0.033% | $1.1M | $806K | 50x | as long as short |
| Extended EDGE-USD | +0.0512% | 1h | 0.6027 | −0.083% | $27K | $85K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0619% | 4h | 0.6026 | −0.099% | $3K | $1K | 10x | as long as short |
edgeX EDGEUSDC
BloFin EDGE-USDT
Binance EDGEUSDT
MEXC EDGE_USDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC