COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.028%

Price spread now: OKX against KuCoin+0.069%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,000as in the Funding arb table

Net, price: spread back to 7d avg − costs−$988as in the Price arb table

costs, in and out, $10k−$9839.833% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.069%, 7d avg +0.117%

Together, before fees−0.135%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.048% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.117%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	901.90	0.0100	pay 0.0100% / 8h	1h 24m	$48K	$903K	20x
Short	OKX COST-USDT-SWAP	902.52	0	get 0.0000% / 8h	1h 24m	$442K	$122K	10x

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 +0.069%Rate

Funding earned: −$21
Price spread: +0.069% → +0.117%: −$4.83
Slippage, 4 orders: −$961.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,009.14
Costs to cover: 9.833%
Break-even: never at this rate

Slippage from KuCoin: live order book, 65 min ago; OKX: live order book, 16 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, 65 min ago	35.00 bp	495.5 bp −$495	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 16 min ago	4.76 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	902.96	+0.118%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.52	+0.069%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.85	+0.105%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAPshort	0.0000%	8h	902.52	+0.069%	$442K	$122K	10x
Gate COST_USDT	0.0000%	8h	902.54	+0.071%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.41	+0.057%	$401K	$83K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.65	+0.083%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.00	+0.011%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.19	+0.254%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.47	+0.063%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.100%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.405%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.54	+0.071%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.07	+0.019%	$1.8M	$519K	20x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	901.90	long leg	$48K	$903K	20x