Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX−0.085%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.085%, 7d avg +0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.089% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AUCTION-USDT-SWAP | 3.7080 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $786K | $690K | 20x |
| Short | Binance AUCTIONUSDT | 3.7048 | 0.0100 | get 0.0050% / 4h | 3h 11m | $2.4M | $1.6M | 50x |
OKX AUCTION-USDT-SWAP
Binance AUCTIONUSDTFunding 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
- $0
- Price spread: −0.085% → +0.004%
- −$8.89
- Slippage, 4 orders
- −$82.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$111.19
- Costs to cover
- 1.023%
- Break-even
- never at this rate
Slippage from OKX: live order book, 39 min ago; Binance: live order book, 8 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, 39 min ago | 4.04 bp | 32.8 bp −$33 | 530.4 bp −$5,304 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.70 bp | 22.9 bp −$23 | 126.2 bp −$1,262 | 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 | −0.0170% | 1h | 3.7065 | −0.041% | $8K | $259 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7063 | −0.046% | $925 | $3K | 5x | as long as short |
| Binance AUCTIONUSDTshort | +0.0100% | 4h | 3.7048 | −0.085% | $2.4M | $1.6M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7080 | 0.000% | $592K | $265K | 25x | as long as short |
| OKX AUCTION-USDT-SWAPlong | +0.0100% | 4h | 3.7080 | long leg | $786K | $690K | 20x | |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7090 | +0.027% | $105K | $68K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7040 | −0.108% | $444K | $145K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7060 | −0.054% | $370K | $110K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7060 | −0.054% | $374K | $153K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7080 | 0.000% | — | $12.3M | — | 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 | 3.7129 | +0.131% | $172 | $38 | — | as long as short |
Variational Omni AUCTION