Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.038%
Price spread now: KuCoin against OKX−0.075%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$899as in the Funding arb table
Net, price: spread back to 7d avg − costs−$900as in the Price arb table
costs, in and out, $10k−$8968.961% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.411%−$41 · spread now −0.075%, 7d avg −0.033%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.041% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZRX-USDT-SWAP | 0.1204 | 0.0100 | pay 0.0050% / 4h | 1h 02m | $530K | $331K | 20x |
| Short | KuCoin ZRXUSDTM | 0.1203 | 0.0086 | get 0.0043% / 4h | 1h 02m | $324K | $47K | 30x |
OKX ZRX-USDT-SWAP
KuCoin ZRXUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.94
- Price spread: −0.075% → −0.033%
- −$4.14
- Slippage, 4 orders
- −$874.09
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$903.17
- Costs to cover
- 8.961%
- Break-even
- never at this rate
Slippage from OKX: live order book, 59 min ago; KuCoin: live order book, 20 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, 59 min ago | 2.88 bp | 41.7 bp −$42 | 6984.7 bp −$69.8K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 24.75 bp | 428.4 bp −$428 | doesn't fit | doesn't fit | doesn't fit |
ZRX 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 ZRXUSDTMshort | +0.0086% | 4h | 0.1203 | −0.075% | $324K | $47K | 30x | |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1203 | −0.033% | $1.8M | $1.3M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1203 | −0.050% | $1.4M | $348K | 25x | as long as short |
| OKX ZRX-USDT-SWAPlong | +0.0100% | 4h | 0.1204 | long leg | $530K | $331K | 20x | |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1203 | −0.083% | $145K | $44K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1203 | −0.075% | $909K | $172K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1204 | +0.008% | $579K | $121K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1205 | +0.091% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1208 | +0.309% | $23K | $24K | — | as long as short |
| BloFin ZRX-USDT | +0.0140% | 4h | 0.1208 | +0.341% | $96K | $23K | 50x | as long as short |
Binance ZRXUSDT
Bybit ZRXUSDT
Gate ZRX_USDT
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRX
BloFin ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1656% | 1h | 0.1209 | +0.458% | $39K | $4K | 10x | as long as short |
Kraken Futures PF_ZRXUSD