Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.45 per $10,000 · paid last 24h +0.086%
Price spread now: Binance against OKX−0.033%7-day average +0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$1981.979% of the position
Funding, last 7 days+0.428%+$43 on $10k
+Price spread, last 7 days+0.247%+$25 · spread now −0.033%, 7d avg +0.155%
=Funding pays, the price is against you. Binance is 0.188% cheaper against OKX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.155%). If the spread goes back, that is −$19 on $10k: about 7.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.428% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ARX-USDT-SWAP | 0.2116 | 0.0502 | pay 0.0251% / 4h | 1h 16m | $754K | $3.3M | 20x |
| Short | Binance ARXUSDT | 0.2115 | 0.0592 | get 0.0296% / 4h | 1h 16m | $5.7M | $11.5M | 20x |
OKX ARX-USDT-SWAP
Binance ARXUSDTFunding 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
- $18.82
- Price spread: −0.033% → +0.155%
- −$18.81
- Slippage, 4 orders
- −$177.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$197.92
- Costs to cover
- 1.979%
- Break-even
- 80.6 days
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 9 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, 1 min ago | 2.37 bp | 62.5 bp −$63 | 3063.7 bp −$30.6K | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 4.73 bp | 32.7 bp −$33 | 227.1 bp −$2,271 | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARX_USDT | +0.0100% | 4h | 0.2122 | +0.284% | $1.1M | $437K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2112 | −0.189% | $741K | $810K | 20x | as long as short |
| Bitget ARXUSDT | +0.0100% | 4h | 0.2110 | −0.288% | $2.0M | $1.7M | 20x | as long as short |
| OKX ARX-USDT-SWAPlong | +0.0502% | 4h | 0.2116 | long leg | $754K | $3.3M | 20x | |
| BloFin ARX-USDT | +0.0521% | 4h | 0.2112 | −0.189% | $246K | $50K | 20x | as long as short |
| Bybit ARXUSDT | +0.0556% | 4h | 0.2115 | −0.047% | $4.3M | $2.4M | 20x | as long as short |
| BingX ARX-USDT | +0.0580% | 4h | 0.2116 | 0.000% | — | $1.7M | — | as long as short |
| Binance ARXUSDTshort | +0.0592% | 4h | 0.2115 | −0.033% | $5.7M | $11.5M | 20x | |
| MEXC ARX_USDT | +0.0600% | 4h | 0.2113 | −0.142% | $942K | $433K | 20x | as long as short |
| Aster ARXUSDT | +0.0881% | 4h | 0.2108 | −0.371% | $80K | $96K | 10x | as long as short |
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
BloFin ARX-USDT
Bybit ARXUSDT
BingX ARX-USDT
MEXC ARX_USDT
Aster ARXUSDT