Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.017%
Price spread now: OKX against Coinbase International+0.034%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.034%, 7d avg −0.041%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.075% dearer against Coinbase International than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 85,260.8 | 0.0096 | pay 0.0012% / 1h | 20m 37s | $116.9M | $5.39B | 50x |
| Short | OKX BTC-USDT-SWAP | 85,290 | 0.0100 | get 0.0100% / 8h | 2h 20m | $2.58B | $12.19B | 100x |
Coinbase International BTC-PERP-INTX
OKX BTC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Coinbase International. 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
- $0.84
- Price spread: +0.034% → −0.041%
- $7.55
- Slippage, 4 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$11.64
- Costs to cover
- 0.200%
- Break-even
- 104.0 days
Slippage from Coinbase International: live order book, 4 min ago; OKX: live order book, 4 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 Coinbase International live order book, 4 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.2 bp −$617 | 13.0 bp −$6,513 |
| Sell OKX live order book, 4 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.0 bp −$502 | 6.9 bp −$3,463 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,249.9 | −0.013% | $524K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,134 | −0.149% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,313 | +0.061% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,269.9 | +0.011% | $922.9M | $764.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,226.9 | −0.040% | $419.4M | $680.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,304.5 | +0.051% | $354K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,285.9 | +0.029% | $512.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,297 | +0.043% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,249.2 | −0.014% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | −0.042% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0035% | 1h | 85,254.5 | −0.007% | $24.8M | $222.4M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,235 | −0.030% | $187.1M | $953.3M | 100x | as long as short |
| BingX BTC-USDT | +0.0068% | 8h | 85,291.7 | +0.036% | — | $1.56B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0075% | 1h | 85,257.1 | −0.004% | $867.0M | $1.61B | 50x | as long as short |
| Phemex BTCUSDT | +0.0078% | 8h | 85,225.3 | −0.042% | $147.3M | $505.4M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,219.2 | −0.049% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0085% | 8h | 85,292 | +0.037% | $2.95B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,294.4 | +0.039% | $5.05B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,310.2 | +0.058% | $9.43B | $24.82B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,298.5 | +0.044% | $171.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,302.9 | +0.049% | $23.7M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,296 | +0.041% | $8.3M | $55.8M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0096% | 1h | 85,260.8 | long leg | $116.9M | $5.39B | 50x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,268 | +0.008% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,350.5 | +0.105% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,367 | +0.125% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,311.6 | +0.060% | $40.2M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,284.3 | +0.028% | $5.14B | $9.94B | 150x | as long as short |
| OKX BTC-USDT-SWAPshort | +0.0100% | 8h | 85,290 | +0.034% | $2.58B | $12.19B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,299 | +0.045% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,296.6 | +0.042% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,163.7 | −0.114% | $678.5M | $565.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,290.4 | +0.035% | $5.51B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,223.2 | −0.044% | $36.3M | $176.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,218.8 | −0.049% | $154.2M | $561.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,112.3 | −0.174% | $279.0M | $947.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,107.4 | −0.180% | $213.8M | $166.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,093.4 | −0.196% | $139.1M | $315.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,186.1 | −0.088% | $30.1M | $207.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,327.9 | +0.079% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,268 | +0.008% | $11.0M | $14.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,259 | −0.002% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,230.1 | −0.036% | $2.6M | $9.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,269.2 | +0.010% | $228K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,204.5 | −0.066% | $29.9M | $48.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,101.4 | −0.187% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,223 | −0.044% | $59.7M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,219 | −0.049% | $2.26B | $942.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,265 | +0.005% | $45.1M | $239.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,281.5 | +0.024% | — | $106.9M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0116% | 1h | 85,260 | −0.001% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,248 | −0.015% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,273 | +0.014% | $11.5M | $743.3M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0222% | 1h | 85,197.4 | −0.074% | $78K | $227K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,232.1 | −0.034% | $688K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,317.8 | +0.067% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Deribit BTC-PERPETUAL
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC