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: BingX against OKX0.000%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as 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%
=Funding pays, the price is against you. BingX is 0.032% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.032%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$15 a day). 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 | OKX CAP-USDT-SWAP | 0.04616 | −0.0394 | get 0.0197% / 4h | 2h 09m | $2.1M | $7.1M | 10x |
| Short | BingX CAP-USDT | 0.04616 | 0.0100 | get 0.0050% / 4h | 2h 09m | — | $1.6M | — |
OKX CAP-USDT-SWAP
BingX CAP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $103.72
- Price spread: 0.000% → +0.032%
- −$3.24
- Slippage, 4 orders
- −$56.52
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $23.96
- Costs to cover
- 0.765%
- Break-even
- 5.4 days
Slippage from OKX: live order book, 4 min ago; BingX: live order book, 7 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, 4 min ago | 1.09 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.34 bp | 24.4 bp −$24 | 78.9 bp −$789 | 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-SWAPlong | −0.0394% | 4h | 0.04616 | long leg | $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 | 0.04614 | −0.039% | $19K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04614 | −0.033% | $26K | $66K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04617 | +0.022% | $9.0M | $8.8M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04616 | 0.000% | $4.5M | $4.1M | 10x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04612 | −0.087% | $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-USDTshort | +0.0100% | 4h | 0.04616 | 0.000% | — | $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 | 0.04606 | −0.214% | $5K | $582 | 10x | as long as short |
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos