Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: OKX against Binance−0.095%7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1391.392% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.095%, 7d avg −0.140%

Together, before fees−0.058%−$6 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: OKX is 0.045% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ATHUSDT	0.005602	0.0100	pay 0.0050% / 4h	3h 16m	$3.4M	$4.0M	50x
Short	OKX ATH-USDT-SWAP	0.005597	0.0100	get 0.0050% / 4h	3h 16m	$717K	$1.3M	20x

Funding 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 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 BinancebpFee OKXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.140%: $4.53
Slippage, 4 orders: −$119.16
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$134.63
Costs to cover: 1.392%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	1.80 bp	28.6 bp −$29	109.5 bp −$1,095	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	6.31 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.2783%	1h	0.005586	−0.286%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0004%	4h	0.005550	−0.933%	$186K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005592	−0.183%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005601	−0.031%	$6K	$39K	5x	as long as short
Binance ATHUSDTlong	+0.0100%	4h	0.005602	long leg	$3.4M	$4.0M	50x
Bybit ATHUSDT	+0.0100%	4h	0.005589	−0.238%	$4.5M	$2.4M	25x	as long as short
OKX ATH-USDT-SWAPshort	+0.0100%	4h	0.005597	−0.095%	$717K	$1.3M	20x
Gate ATH_USDT	+0.0100%	4h	0.005590	−0.220%	$802K	$526K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005601	−0.024%	$9.0M	$584K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005589	−0.238%	$562K	$76K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005600	−0.042%	$1.6M	$864K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005593	−0.167%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0150%	4h	0.005590	−0.220%	$170K	$68K	75x	as long as short