SOON

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0768%/8h= −84.1% APRnext payment −$3.84 per $10,000 · paid last 24h −0.091%

Price spread now: KuCoin against OKX+0.103%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$512as in the Funding arb table

Net, price: spread back to 7d avg − costs−$496as in the Price arb table

costs, in and out, $10k−$5035.028% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days+0.054%+$5 · spread now +0.103%, 7d avg +0.030%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.073% dearer against OKX than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.030%): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.088% in total) that is about 5.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.84 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 SOON-USDT-SWAP	0.1950	0.0868	pay 0.0434% / 4h	2h 46m	$2.0M	$495K	20x
Short	KuCoin SOONUSDTM	0.1952	0.0100	get 0.0050% / 4h	2h 46m	$1.8M	$3.4M	50x

Funding 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 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$161.22
Price spread: +0.103% → +0.030%: $7.3
Slippage, 4 orders: −$480.84
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$656.77
Costs to cover: 5.028%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago	2.56 bp	36.5 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.58 bp	192.8 bp −$193	689.8 bp −$6,898	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 SOONUSDTMshort	+0.0100%	4h	0.1952	+0.103%	$1.8M	$3.4M	50x
Extended SOON-USD	+0.0720%	1h	0.1948	−0.078%	$6K	$291K	5x	as long as short
Binance SOONUSDT	+0.0724%	4h	0.1949	−0.051%	$8.0M	$2.0M	50x	as long as short
Kraken Futures PF_SOONUSD	+0.0770%	1h	0.1945	−0.260%	$11K	$2K	10x	as long as short
OKX SOON-USDT-SWAPlong	+0.0868%	4h	0.1950	long leg	$2.0M	$495K	20x
Gate SOON_USDT	+0.1056%	4h	0.1947	−0.154%	$3.2M	$135K	50x	as long as short
Variational Omni SOON	+0.1099%	4h	0.1944	−0.299%	$239K	$20K	—	as long as short
Bybit SOONUSDT	+0.1152%	4h	0.1940	−0.497%	$2.5M	$1.2M	25x	as long as short
BingX SOON-USDT	+0.1230%	4h	0.1947	−0.154%	—	$6.7M	—	as long as short
Bitget SOONUSDT	+0.1288%	4h	0.1950	0.000%	$9.1M	$290K	25x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SOONUSDT	+0.1332%	4h	0.1947	−0.131%	$189K	$3K	5x	as long as short