Funding you earn now, next payment 08:00 UTC−0.0890%/8h= −97.5% APRnext payment −$8.90 per $10,000 · paid last 24h −0.151%
Price spread now: OKX against KuCoin−0.250%7-day average −0.190% · you buy dearer than you sell
Net, funding: paid 7d − costs−$457as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3673.671% of the position
Funding, last 7 days−0.901%−$90 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now −0.250%, 7d avg −0.190%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and OKX is 0.060% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.190%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IOTAUSDTM | 0.04795 | 0.0990 | pay 0.0990% / 8h | 3h 41m | $2.7M | $237K | 30x |
| Short | OKX IOTA-USDT-SWAP | 0.04783 | 0.0100 | get 0.0100% / 8h | 3h 41m | $558K | $1.3M | 20x |
KuCoin IOTAUSDTM
OKX IOTA-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
- −$186.9
- Price spread: −0.250% → −0.190%
- −$6.01
- Slippage, 4 orders
- −$345.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$560.02
- Costs to cover
- 3.671%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 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, 5 min ago | 49.94 bp | 148.1 bp −$148 | 1699.9 bp −$17.0K | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 6.26 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
IOTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0095% | 8h | 0.04794 | −0.021% | $168K | $43K | 75x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04790 | −0.111% | $899K | $339K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04788 | −0.146% | $3.5M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04784 | −0.229% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAPshort | +0.0100% | 8h | 0.04783 | −0.250% | $558K | $1.3M | 20x | |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04781 | −0.292% | $831K | $246K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04788 | −0.146% | $588K | $168K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04792 | −0.063% | $1.8M | $713K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04788 | −0.146% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04794 | −0.028% | $38K | $20K | — | as long as short |
BloFin IOTA-USDT
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | +0.0172% | 1h | 0.04791 | −0.086% | $19K | $13K | 10x | as long as short |
| KuCoin IOTAUSDTMlong | +0.0990% | 8h | 0.04795 | long leg | $2.7M | $237K | 30x |
Kraken Futures PF_IOTAUSD