Funding you earn now, next payment 04:00 UTC−0.0324%/8h= −35.4% APRnext payment −$1.62 per $10,000 · paid last 24h −0.063%
Price spread now: OKX against Binance−0.023%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1441.443% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 7 days−0.005%−$1 · spread now −0.023%, 7d avg −0.025%
=The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 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 | Binance COAIUSDT | 0.3263 | 0.0531 | pay 0.0265% / 4h | 45m 52s | $3.4M | $1.3M | 10x |
| Short | OKX COAI-USDT-SWAP | 0.3262 | 0.0207 | get 0.0104% / 4h | 45m 52s | $1.2M | $455K | 10x |
Binance COAIUSDT
OKX COAI-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
- −$67.98
- Price spread: −0.023% → −0.025%
- $0.13
- Slippage, 4 orders
- −$124.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$212.17
- Costs to cover
- 1.443%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago | 3.06 bp | 31.6 bp −$32 | 402.3 bp −$4,023 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 3.07 bp | 40.6 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
COAI on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT COAI_USDT_Perp | 0.0000% | 4h | 0.2809 | −13.907% | $237K | $897 | 10x | as long as short |
| Bybit COAIUSDT | +0.0100% | 4h | 0.3257 | −0.177% | $2.8M | $405K | 13x | as long as short |
| Gate COAI_USDT | +0.0100% | 8h | 0.3255 | −0.238% | $1.4M | $74K | 10x | as long as short |
| KuCoin COAIUSDTM | +0.0100% | 4h | 0.3256 | −0.207% | $2.4M | $2.1M | 10x | as long as short |
| Bitget COAIUSDT | +0.0100% | 4h | 0.3260 | −0.085% | $2.2M | $218K | 10x | as long as short |
| SunX COAI-USDT | +0.0100% | 4h | 0.3256 | −0.195% | $1K | $1.0M | 20x | as long as short |
| OKX COAI-USDT-SWAPshort | +0.0207% | 4h | 0.3262 | −0.023% | $1.2M | $455K | 10x | |
| Aster COAIUSDT | +0.0285% | 4h | 0.3299 | +1.111% | $36K | $14K | 5x | as long as short |
| BingX COAI-USDT | +0.0510% | 4h | 0.3260 | −0.085% | — | $2.3M | — | as long as short |
| MEXC COAI_USDT | +0.0528% | 4h | 0.3261 | −0.054% | $3.0M | $341K | 50x | as long as short |
GRVT COAI_USDT_Perp
Bybit COAIUSDT
Gate COAI_USDT
KuCoin COAIUSDTM
Bitget COAIUSDT
SunX COAI-USDT
Aster COAIUSDT
BingX COAI-USDT
MEXC COAI_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COAIUSDTlong | +0.0531% | 4h | 0.3263 | long leg | $3.4M | $1.3M | 10x |