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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−5.2910%/8h= −5793.6% APRnext payment −$66.14 per $10,000 · paid last 24h −5.124%
Price spread now: OKX against KuCoin+19.673%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,292as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1,060as in the Price arb table
costs, in and out, $10k−$9089.076% of the position
Long on KuCoinShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−3.844%−$384 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 19.673% dearer against KuCoin than usual: you sell high and buy low (spread +19.673% now, against zero (this spread has no 7-day history yet)): +$1,967 on $10k if it goes back. Holding the pair costs −$1,587 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−3.844% in total) that is about 36 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -3.844% in total (about -200.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$66.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ONEUSDTM0.004342−0.0568get 0.0071% / 1h13m 31s$4.2M$12.5M30x
ShortOKX ONE-USDT-SWAP0.005196−5.3478pay 0.6685% / 1h13m 31s$6.1M$243.0M10x

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

Profit calculator

Funding earned
−$11,111.05
Price spread: +19.673% → 0.000%
$1,967.3
Slippage, 4 orders
−$885.55
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$10,051.31
Costs to cover
9.076%
Break-even
from the start
Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago6.90 bp429.2 bp −$429doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 6 min ago1.35 bp40.9 bp −$41doesn't fitdoesn't fitdoesn't fit

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAPshort−5.3478%1h0.005196+19.673%$6.1M$243.0M10x
Variational Omni ONE−0.4624%1h0.004102−5.536%$101K$51K—as long as short
Aster ONEUSDT−0.2191%1h0.004127−4.956%$2.2M$5.8M5xas long as short
BloFin ONE-USDT−0.1409%1h0.004117−5.175%$805K$2.5M50xas long as short
Gate ONE_USDT−0.0985%8h0.004102−5.527%$1.8M$15.5M20xas long as short
Bitget ONEUSDT−0.0984%1h0.004156−4.275%$1.9M$32.3M20xas long as short
KuCoin ONEUSDTMlong−0.0568%1h0.004342long leg$4.2M$12.5M30x
Binance ONEUSDT−0.0489%1h0.004118−5.154%$14.4M$336.1M50xas long as short
MEXC ONE_USDT−0.0488%1h0.004130−4.883%$11.1M$15.4M20xas long as short
BingX ONE-USDT−0.0032%1h0.004136−4.737%—$5.8M—as long as short