Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance+0.099%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.099%, 7d avg −0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.102% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AUCTIONUSDT | 3.6654 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $2.4M | $1.5M | 50x |
| Short | OKX AUCTION-USDT-SWAP | 3.6690 | 0.0100 | get 0.0050% / 4h | 2h 32m | $762K | $649K | 20x |
Binance AUCTIONUSDT
OKX AUCTION-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
- $0
- Price spread: +0.099% → −0.002%
- $10.2
- Slippage, 4 orders
- −$78.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$88.59
- Costs to cover
- 0.988%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; OKX: live order book, 53 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, 3 min ago | 1.36 bp | 20.7 bp −$21 | 163.7 bp −$1,637 | doesn't fit | doesn't fit |
| Sell OKX live order book, 53 min ago | 5.45 bp | 25.9 bp −$26 | 602.3 bp −$6,023 | doesn't fit | doesn't fit |
AUCTION on 11 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_AUCTIONUSD | −0.0791% | 1h | 3.6738 | +0.230% | $8K | $263 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6683 | +0.080% | $879 | $2K | 5x | as long as short |
| Binance AUCTIONUSDTlong | +0.0100% | 4h | 3.6654 | long leg | $2.4M | $1.5M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.6690 | +0.099% | $575K | $257K | 25x | as long as short |
| OKX AUCTION-USDT-SWAPshort | +0.0100% | 4h | 3.6690 | +0.099% | $762K | $649K | 20x | |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6690 | +0.099% | $101K | $63K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6670 | +0.045% | $450K | $148K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6680 | +0.072% | $378K | $112K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6690 | +0.099% | $381K | $130K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6690 | +0.099% | — | $7.9M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Bybit AUCTIONUSDT
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.6669 | +0.041% | $133 | $2 | — | as long as short |
Variational Omni AUCTION