Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against Binance−0.134%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.134%, 7d avg −0.107%
=Funding pays, the price is against you. OKX is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.107%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.010% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BNBUSDT | 790.46 | 0.0068 | pay 0.0068% / 8h | 4h 51m | $493.2M | $789.8M | 75x |
| Short | OKX BNB-USDT-SWAP | 789.40 | 0.0100 | get 0.0100% / 8h | 4h 51m | $53.4M | $111.5M | 50x |
Binance BNBUSDT
OKX BNB-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
- $6.69
- Price spread: −0.134% → −0.107%
- −$2.65
- Slippage, 4 orders
- −$2.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$18.68
- Costs to cover
- 0.227%
- Break-even
- 26.5 days
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 | 0.06 bp | 5.2 bp −$5 | 7.0 bp −$70 | 18.4 bp −$1,837 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.63 bp | 6.9 bp −$7 | 8.0 bp −$80 | 20.4 bp −$2,037 | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0183% / S +0.0348% | 1h | 789.54 | −0.116% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 790.07 | −0.049% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 791.25 | +0.100% | $855K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.50 | −0.121% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.851% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0044% | 8h | 790.00 | −0.058% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0056% | 8h | 790.09 | −0.046% | — | $13.4M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 790.64 | +0.023% | $583K | $1.9M | 50x | as long as short |
| Binance BNBUSDTlong | +0.0068% | 8h | 790.46 | long leg | $493.2M | $789.8M | 75x | |
| MEXC BNB_USDT | +0.0069% | 8h | 790.40 | −0.007% | $80.2M | $12.2M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Coinbase International BNB-PERP-INTX
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0072% | 8h | 790.14 | −0.040% | $69.2M | $49.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.68 | −0.098% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.53 | −0.117% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.25 | −0.153% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 790.16 | −0.037% | $51.9M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.56 | −0.113% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.33 | −0.142% | $138.8M | $74.9M | 75x | as long as short |
| OKX BNB-USDT-SWAPshort | +0.0100% | 8h | 789.40 | −0.134% | $53.4M | $111.5M | 50x | |
| Arcus BNB-USD | +0.0100% | 1h | 789.60 | −0.108% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.60 | −0.108% | $35.4M | $56.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.32 | −0.144% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.27 | −0.150% | $76.4M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 790.02 | −0.055% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.11 | −0.170% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 790.98 | +0.067% | $4.1M | $74.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 790.67 | +0.027% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.34 | −0.141% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.67 | −0.100% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.97 | −0.061% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.70 | −0.096% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.64 | −0.103% | $8.1M | $9.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 790.08 | −0.047% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 789.09 | −0.173% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.57 | −0.112% | $379K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0108% | 1h | 789.76 | −0.088% | $160K | $64K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 790.37 | −0.011% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0138% | 8h | 791.19 | +0.093% | $3.0M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0182% | 8h | 790.50 | +0.006% | $113K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0188% | 8h | 789.97 | −0.062% | $18.2M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 789.92 | −0.068% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 789.39 | −0.134% | $2.5M | $1.2M | 50x | as long as short |
| Bulk BNB-USD | +0.0296% | 1h | 791.64 | +0.150% | $641K | $9K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 790.00 | −0.058% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 789.05 | −0.178% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.76 | −0.088% | $1.1M | $975K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0544% | 1h | 790.81 | +0.045% | $68K | $38K | 12x | as long as short |
Phemex BNBUSDT
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P