Funding you earn now, next payment 04:00 UTC−0.0494%/8h= −54.1% APRnext payment −$2.47 per $10,000 · paid last 24h −0.007%
Price spread now: OKX against BingX0.000%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$770.765% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days−0.375%−$37 · spread now 0.000%, 7d avg −0.032%
=The price spread pays, funding is against you. OKX is 0.032% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.032%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.102% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CAP-USDT | 0.04616 | 0.0100 | pay 0.0050% / 4h | 2h 09m | — | $1.6M | — |
| Short | OKX CAP-USDT-SWAP | 0.04616 | −0.0394 | pay 0.0197% / 4h | 2h 09m | $2.1M | $7.1M | 10x |
BingX CAP-USDT
OKX CAP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- −$103.72
- Price spread: 0.000% → −0.032%
- $3.24
- Slippage, 4 orders
- −$56.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$177.01
- Costs to cover
- 0.765%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 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 BingX live order book, 7 min ago | 4.34 bp | 22.7 bp −$23 | 83.4 bp −$834 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.09 bp | 13.3 bp −$13 | 98.2 bp −$982 | doesn't fit | doesn't fit |
CAP on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTM | −0.0774% | 4h | 0.04609 | −0.152% | $4.4M | $1.4M | 10x | as long as short |
| OKX CAP-USDT-SWAPshort | −0.0394% | 4h | 0.04616 | 0.000% | $2.1M | $7.1M | 10x | |
| Bitget CAPUSDT | −0.0034% | 4h | 0.04613 | −0.065% | $1.0M | $587K | 10x | as long as short |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04616 | +0.010% | — | — | 150x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04615 | −0.019% | $19K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04615 | −0.013% | $26K | $66K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04617 | +0.018% | $9.0M | $8.8M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04615 | −0.022% | $4.5M | $4.1M | 10x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04615 | −0.022% | $328K | $1.2M | 20x | as long as short |
| MEXC CAP_USDT | +0.0100% | 4h | 0.04616 | 0.000% | $560K | $237K | 20x | as long as short |
KuCoin CAPUSDTM
Bitget CAPUSDT
gTrade (Gains Network) CAP/USD
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Bybit CAPUSDT
Gate CAP_USDT
MEXC CAP_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAP-USDTlong | +0.0100% | 4h | 0.04616 | long leg | — | $1.6M | — | |
| Variational Omni CAP | +0.0100% | 4h | 0.04604 | −0.267% | $8K | $8K | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04614 | −0.043% | $5K | $582 | 10x | as long as short |
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos