Funding you earn now, next payment 04:00 UTC+0.0315%/8h= +34.5% APRnext payment +$1.58 per $10,000 · paid last 24h +0.060%
Price spread now: OKX against KuCoin−0.082%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$771as in the Funding arb table
Net, price: spread back to 7d avg − costs−$782as in the Price arb table
costs, in and out, $10k−$7777.771% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days−0.072%−$7 · spread now −0.082%, 7d avg −0.033%
=Funding pays, the price is against you. OKX is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.033%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.057% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.58 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 SOONUSDTM | 0.1954 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $1.8M | $3.2M | 50x |
| Short | OKX SOON-USDT-SWAP | 0.1952 | 0.0415 | get 0.0208% / 4h | 2h 38m | $2.0M | $455K | 20x |
KuCoin SOONUSDTM
OKX SOON-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
- $66.17
- Price spread: −0.082% → −0.033%
- −$4.93
- Slippage, 4 orders
- −$755.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$715.89
- Costs to cover
- 7.771%
- Break-even
- 82.7 days
Slippage from KuCoin: live order book, 4 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, 4 min ago | 4.35 bp | 326.5 bp −$326 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 5.13 bp | 34.9 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTMlong | +0.0100% | 4h | 0.1954 | long leg | $1.8M | $3.2M | 50x | |
| Extended SOON-USD | +0.0320% | 1h | 0.1954 | −0.003% | $6K | $195K | 5x | as long as short |
| Binance SOONUSDT | +0.0320% | 4h | 0.1954 | +0.020% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0415% | 4h | 0.1952 | −0.082% | $2.0M | $455K | 20x | |
| Kraken Futures PF_SOONUSD | +0.0710% | 1h | 0.1942 | −0.579% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0947% | 4h | 0.1953 | −0.012% | $190K | $3K | 5x | as long as short |
| Gate SOON_USDT | +0.1048% | 4h | 0.1949 | −0.235% | $3.2M | $113K | 50x | as long as short |
| Bitget SOONUSDT | +0.1080% | 4h | 0.1948 | −0.287% | $9.1M | $245K | 25x | as long as short |
| Bybit SOONUSDT | +0.1345% | 4h | 0.1939 | −0.763% | $2.5M | $1.2M | 25x | as long as short |
| BingX SOON-USDT | +0.1442% | 4h | 0.1948 | −0.287% | — | $6.7M | — | as long as short |
Extended SOON-USD
Binance SOONUSDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Gate SOON_USDT
Bitget SOONUSDT
Bybit SOONUSDT
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.2297% | 4h | 0.1937 | −0.865% | $239K | $20K | — | as long as short |
Variational Omni SOON