Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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−0.162%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$790.795% 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 7 days+0.029%+$3 · spread now −0.162%, 7d avg −0.081%

Together, before fees−0.005%−$1 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 0.081% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06781	0.0100	pay 0.0050% / 4h	2h 13m	$4.2M	$2.9M	25x
Short	OKX BASED-USDT-SWAP	0.06770	0.0100	get 0.0050% / 4h	2h 13m	$2.6M	$3.4M	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 −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.081%: −$8.14
Slippage, 4 orders: −$59.49
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.63
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; OKX: live order book, 3 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, 8 min ago	1.48 bp	23.9 bp −$24	124.2 bp −$1,242	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.74 bp	14.8 bp −$15	100.6 bp −$1,006	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0087%	4h	0.06781	0.000%	$251K	$37K	25x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06781	long leg	$4.2M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06772	−0.133%	$2.1M	$582K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06770	−0.162%	$2.6M	$3.4M	20x
Gate BASED_USDT	+0.0100%	4h	0.06781	0.000%	$539K	$524K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06779	−0.030%	$4.8M	$657K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06768	−0.192%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06787	+0.088%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06777	−0.059%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06768	−0.189%	$92K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06726	−0.807%	$92K	$359K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06777	−0.059%	$1K	$798K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06779	−0.030%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0182%	4h	0.06780	−0.021%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0319%	4h	0.06781	0.000%	$3K	$652	10x	as long as short