S

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0143%/8h= −15.7% APRnext payment −$0.72 per $10,000 · paid last 24h −0.011%

Price spread now: OKX against KuCoin+0.131%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$291as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2752.754% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.131%, 7d avg +0.053%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.053%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04568	0.0100	pay 0.0050% / 4h	1h 02m	$2.2M	$3.0M	50x
Short	OKX S-USDT-SWAP	0.04574	−0.0043	pay 0.0022% / 4h	1h 02m	$1.4M	$7.7M	20x

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

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$30.1
Price spread: +0.131% → +0.053%: $7.86
Slippage, 4 orders: −$253.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$297.61
Costs to cover: 2.754%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	3.31 bp	98.4 bp −$98	385.5 bp −$3,855	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.21 bp	26.2 bp −$26	142.2 bp −$1,422	doesn't fit	doesn't fit

S on 25 exchanges

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
01 Exchange SUSD	−1.0480%	1h	0.04480	−1.926%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.4615%	1h	0.04548	−0.439%	$39K	$28K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1904%	1h	0.04510	−1.270%	$55K	$23K	25x	as long as short
Variational Omni S	−0.1258%	4h	0.04524	−0.968%	$724K	$50K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0336% / S +0.0211%	1h	0.04538	−0.661%	$2K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0120%	4h	0.04569	+0.022%	$113K	$634K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04566	−0.054%	$5	—	15x	as long as short
OKX S-USDT-SWAPshort	−0.0043%	4h	0.04574	+0.131%	$1.4M	$7.7M	20x
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04573	+0.109%	$77K	$623	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04569	+0.027%	$704	—	150x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SUSDT	+0.0052%	4h	0.04576	+0.175%	$6.5M	$6.7M	50x	as long as short
Lighter S	+0.0096%	1h	0.04566	−0.044%	$159K	$158K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04582	+0.296%	$1.2M	$1.0M	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04582	+0.305%	$48K	$171K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04579	+0.241%	$7.0M	$26.0M	75x	as long as short
Gate S_USDT	+0.0100%	4h	0.04577	+0.197%	$387K	$389K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04574	+0.131%	$4.2M	$3.7M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04568	long leg	$2.2M	$3.0M	50x
Bitget SUSDT	+0.0100%	4h	0.04576	+0.175%	$1.4M	$3.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04582	+0.306%	—	$7.1M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04550	−0.394%	$25K	$534K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04580	+0.262%	$260K	$1.3M	10x	as long as short
Injective S/USDC PERP	+0.0140%	1h	0.04600	+0.701%	$2K	$2	12x	as long as short
Backpack S_USDC_PERP	+0.0156%	1h	0.04580	+0.263%	$103K	$456K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04555	−0.285%	$366K	$241K	75x	as long as short