Funding you earn now, next payment 04:00 UTC+0.0443%/8h= +48.5% APRnext payment +$2.21 per $10,000 · paid last 24h +0.063%
Price spread now: Binance against OKX−0.121%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1531.532% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.121%, 7d avg +0.025%
=Funding pays, the price is against you. Binance is 0.146% cheaper against OKX than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of +0.025%). If the spread goes back, that is −$15 on $10k: about 26 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.148% in total) that is about 6.9 days.
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 +$2.21 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 COAI-USDT-SWAP | 0.3298 | 0.0149 | pay 0.0074% / 4h | 1h 14m | $1.3M | $466K | 10x |
| Short | Binance COAIUSDT | 0.3294 | 0.0592 | get 0.0296% / 4h | 1h 14m | $3.5M | $1.3M | 10x |
OKX COAI-USDT-SWAP
Binance COAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $93.01
- Price spread: −0.121% → +0.025%
- −$14.6
- Slippage, 4 orders
- −$133.21
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$74.8
- Costs to cover
- 1.532%
- Break-even
- 12.6 days
Slippage from OKX: live order book, 2 min ago; Binance: 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, 2 min ago | 1.51 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.51 bp | 35.1 bp −$35 | 252.8 bp −$2,528 | 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 | −14.827% | $237K | $897 | 10x | as long as short |
| Bybit COAIUSDT | +0.0100% | 4h | 0.3293 | −0.152% | $2.9M | $397K | 13x | as long as short |
| Gate COAI_USDT | +0.0100% | 8h | 0.3294 | −0.121% | $1.4M | $76K | 10x | as long as short |
| KuCoin COAIUSDTM | +0.0100% | 4h | 0.3294 | −0.127% | $2.5M | $2.0M | 10x | as long as short |
| Bitget COAIUSDT | +0.0100% | 4h | 0.3297 | −0.030% | $2.2M | $214K | 10x | as long as short |
| SunX COAI-USDT | +0.0100% | 4h | 0.3293 | −0.139% | $2K | $970K | 20x | as long as short |
| OKX COAI-USDT-SWAPlong | +0.0149% | 4h | 0.3298 | long leg | $1.3M | $466K | 10x | |
| Aster COAIUSDT | +0.0358% | 4h | 0.3315 | +0.518% | $36K | $15K | 5x | as long as short |
| BingX COAI-USDT | +0.0552% | 4h | 0.3295 | −0.091% | — | $2.3M | — | as long as short |
| Binance COAIUSDTshort | +0.0592% | 4h | 0.3294 | −0.121% | $3.5M | $1.3M | 10x |
GRVT COAI_USDT_Perp
Bybit COAIUSDT
Gate COAI_USDT
KuCoin COAIUSDTM
Bitget COAIUSDT
SunX COAI-USDT
Aster COAIUSDT
BingX COAI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COAI_USDT | +0.0592% | 4h | 0.3297 | −0.030% | $3.0M | $333K | 50x | as long as short |
MEXC COAI_USDT