Funding you earn now, next payment 04:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.065%
Price spread now: OKX against Binance+0.087%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1381.379% of the position
Funding, last 7 days+0.307%+$31 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now +0.087%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.100% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance APRUSDT | 0.1465 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $6.7M | $5.3M | 50x |
| Short | OKX APR-USDT-SWAP | 0.1466 | 0.0400 | get 0.0200% / 4h | 1h 14m | $1.3M | $2.5M | 20x |
Binance APRUSDT
OKX APR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- $62.98
- Price spread: +0.087% → −0.013%
- $10.01
- Slippage, 4 orders
- −$117.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$64.88
- Costs to cover
- 1.379%
- Break-even
- 14.2 days
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 3 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 Binance live order book, 9 min ago | 3.41 bp | 33.4 bp −$33 | 212.8 bp −$2,128 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.40 bp | 35.6 bp −$36 | 359.1 bp −$3,591 | doesn't fit | doesn't fit |
APR on 12 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 APRUSDTlong | +0.0100% | 4h | 0.1465 | long leg | $6.7M | $5.3M | 50x | |
| Bybit APRUSDT | +0.0100% | 4h | 0.1466 | +0.087% | $1.4M | $664K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1465 | +0.019% | $361K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1466 | +0.087% | $2K | $1.1M | 20x | as long as short |
| BloFin APR-USDT | +0.0114% | 4h | 0.1468 | +0.224% | $289K | $111K | 50x | as long as short |
| Bitget APRUSDT | +0.0200% | 4h | 0.1465 | +0.012% | $3.9M | $957K | 50x | as long as short |
| HTX APR-USDT | +0.0234% | 4h | 0.1471 | +0.429% | $19K | $58K | 20x | as long as short |
| OKX APR-USDT-SWAPshort | +0.0400% | 4h | 0.1466 | +0.087% | $1.3M | $2.5M | 20x | |
| BingX APR-USDT | +0.0406% | 4h | 0.1464 | −0.049% | — | $1.4M | — | as long as short |
| Gate APR_USDT | +0.0670% | 4h | 0.1465 | −0.001% | $692K | $183K | 25x | as long as short |
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
BloFin APR-USDT
Bitget APRUSDT
HTX APR-USDT
BingX APR-USDT
Gate APR_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0835% | 4h | 0.1465 | +0.015% | $71K | $100K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0892% | 4h | 0.1467 | +0.176% | $2.4M | $348K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM