Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.016%
Price spread now: Binance against OKX−0.264%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1291.286% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.264%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.209% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.080%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ACT-USDT-SWAP | 0.01098 | 0.0151 | pay 0.0075% / 4h | 1h 49m | $776K | $1.4M | 10x |
| Short | Binance ACTUSDT | 0.01095 | 0.0100 | get 0.0050% / 4h | 1h 49m | $2.1M | $2.2M | 10x |
OKX ACT-USDT-SWAP
Binance ACTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$10.7
- Price spread: −0.264% → −0.055%
- −$20.87
- Slippage, 4 orders
- −$108.57
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$160.13
- Costs to cover
- 1.286%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 15 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, 2 min ago | 0.91 bp | 31.6 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 4.12 bp | 25.0 bp −$25 | 149.9 bp −$1,499 | doesn't fit | doesn't fit |
ACT on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ACTUSDTshort | +0.0100% | 4h | 0.01095 | −0.264% | $2.1M | $2.2M | 10x | |
| Bybit ACTUSDT | +0.0100% | 4h | 0.01098 | −0.027% | $575K | $342K | 25x | as long as short |
| Gate ACT_USDT | +0.0100% | 4h | 0.01097 | −0.109% | $142K | $82K | 25x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01095 | −0.264% | $6.4M | $110K | 20x | as long as short |
| Bitget ACTUSDT | +0.0100% | 4h | 0.01096 | −0.200% | $260K | $91K | 10x | as long as short |
| BingX ACT-USDT | +0.0146% | 4h | 0.01097 | −0.137% | — | $1.3M | — | as long as short |
| OKX ACT-USDT-SWAPlong | +0.0151% | 4h | 0.01098 | long leg | $776K | $1.4M | 10x |
Bybit ACTUSDT
Gate ACT_USDT
MEXC ACT_USDT
Bitget ACTUSDT
BingX ACT-USDT