Funding you earn now, next payment 08:00 UTC−0.0447%/8h= −48.9% APRnext payment −$2.23 per $10,000 · paid last 24h −0.053%
Price spread now: KuCoin against OKX+0.083%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$422as in the Funding arb table
Net, price: spread back to 7d avg − costs−$400as in the Price arb table
costs, in and out, $10k−$4124.120% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days−0.177%−$18 · spread now +0.083%, 7d avg −0.035%
=The price spread pays, funding is against you. KuCoin is 0.118% dearer against OKX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.035%): +$12 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.097% in total) that is about 8.6 days.
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 −$2.23 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 EDGE-USDT-SWAP | 0.6025 | 0.0547 | pay 0.0273% / 4h | 2h 05m | $3.8M | $6.1M | 20x |
| Short | KuCoin EDGEUSDTM | 0.6030 | 0.0100 | get 0.0050% / 4h | 2h 05m | $2.2M | $2.2M | 50x |
OKX EDGE-USDT-SWAP
KuCoin EDGEUSDTMFunding 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
- −$93.82
- Price spread: +0.083% → −0.035%
- $11.83
- Slippage, 4 orders
- −$390.01
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$494
- Costs to cover
- 4.120%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 1 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, 2 min ago | 4.13 bp | 25.0 bp −$25 | 141.5 bp −$1,415 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 3.32 bp | 262.3 bp −$262 | 927.7 bp −$9,277 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.6020 | −0.086% | $44K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.6024 | −0.017% | $7.2M | $3.4M | 25x | as long as short |
| KuCoin EDGEUSDTMshort | +0.0100% | 4h | 0.6030 | +0.083% | $2.2M | $2.2M | 50x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6027 | +0.033% | $4.8M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.6028 | +0.051% | $60K | $119K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.6020 | −0.084% | $190K | $144K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.6004 | −0.349% | $3K | $2.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6009 | −0.266% | $9K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5994 | −0.515% | $4K | $636K | 10x | as long as short |
| Aster EDGEUSDT | +0.0376% | 4h | 0.6034 | +0.149% | $53K | $156K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
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 | +0.0500% | 4h | 0.6017 | −0.140% | $14.4M | $3.6M | 30x | as long as short |
| MEXC EDGE_USDT | +0.0518% | 4h | 0.6026 | +0.017% | $1.1M | $823K | 50x | as long as short |
| Binance EDGEUSDT | +0.0519% | 4h | 0.6024 | −0.017% | $10.4M | $10.7M | 50x | as long as short |
| Extended EDGE-USD | +0.0520% | 1h | 0.6025 | −0.003% | $27K | $87K | 5x | as long as short |
| BloFin EDGE-USDT | +0.0540% | 4h | 0.6035 | +0.166% | $658K | $105K | 50x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0547% | 4h | 0.6025 | long leg | $3.8M | $6.1M | 20x | |
| Orderly PERP_EDGE_USDC | +0.0619% | 4h | 0.6033 | +0.133% | $3K | $1K | 10x | as long as short |
edgeX EDGEUSDC
MEXC EDGE_USDT
Binance EDGEUSDT
Extended EDGE-USD
BloFin EDGE-USDT
Orderly PERP_EDGE_USDC