Settings8H · net · $10k
Funding arb · Price arb /

APR

all APR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%
Price spread now: BingX against OKX−0.137%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.145%+$15 on $10k
Price spread, last 7 days+0.102%+$10 · spread now −0.137%, 7d avg −0.012%
Together, before fees+0.247%+$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.125% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX APR-USDT-SWAP0.14640.0327pay 0.0163% / 4h26m 46s$1.3M$2.5M20x
ShortBingX APR-USDT0.14620.0327get 0.0164% / 4h26m 46s$1.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0.11
Price spread: −0.137% → −0.012%
−$12.46
Slippage, 4 orders
−$121.2
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$153.55
Costs to cover
1.412%
Break-even
9788.5 days
Slippage from OKX: live order book, 5 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago6.81 bp40.2 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 4 min ago6.80 bp37.4 bp −$37120.9 bp −$1,209412.2 bp −$41.2Kdoesn't fit

APR on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin APR-USDT+0.0081%4h0.1465+0.068%$286K$110K50xas long as short
Binance APRUSDT+0.0100%4h0.1463−0.046%$6.7M$5.1M50xas long as short
Bybit APRUSDT+0.0100%4h0.1463−0.068%$1.4M$640K20xas long as short
MEXC APR_USDT+0.0100%4h0.1463−0.068%$356K$177K50xas long as short
SunX APR-USDT+0.0100%4h0.1464−0.034%$1K$1.1M20xas long as short
HTX APR-USDT+0.0100%4h0.1468+0.273%$19K$58K20xas long as short
Bitget APRUSDT+0.0104%4h0.1463−0.048%$3.9M$961K50xas long as short
OKX APR-USDT-SWAPlong+0.0327%4h0.1464long leg$1.3M$2.5M20x
BingX APR-USDTshort+0.0327%4h0.1462−0.137%$1.4M
Gate APR_USDT+0.0400%4h0.1463−0.055%$699K$186K25xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster APRUSDT+0.0813%4h0.1463−0.058%$71K$80K5xas long as short
KuCoin APRUSDTM+0.0852%4h0.1464+0.020%$2.3M$333K50xas long as short