Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.076%
Price spread now: OKX against BingX−0.071%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1051.051% of the position
Funding, last 7 days+0.442%+$44 on $10k
+Price spread, last 7 days+0.150%+$15 · spread now −0.071%, 7d avg −0.005%
=Funding pays, the price is against you. OKX is 0.066% cheaper against BingX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.005%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.442% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CP-USDT | 0.01406 | 0.0070 | pay 0.0035% / 4h | 23m 49s | — | $1.1M | — |
| Short | OKX CP-USDT-SWAP | 0.01405 | 0.0158 | get 0.0079% / 4h | 23m 49s | $3.9M | $11.8M | 20x |
BingX CP-USDT
OKX CP-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
- $18.55
- Price spread: −0.071% → −0.005%
- −$6.62
- Slippage, 4 orders
- −$85.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$93.12
- Costs to cover
- 1.051%
- Break-even
- 42.1 days
Slippage from BingX: live order book, 6 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, 6 min ago | 10.68 bp | 30.8 bp −$31 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 3.56 bp | 19.4 bp −$19 | 116.4 bp −$1,164 | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX CP-USDTlong | +0.0070% | 4h | 0.01406 | long leg | — | $1.1M | — | |
| Gate CP_USDT | +0.0100% | 4h | 0.01404 | −0.142% | $601K | $540K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01409 | +0.213% | $205K | $925K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01406 | −0.014% | $804K | $1.7M | 20x | as long as short |
| OKX CP-USDT-SWAPshort | +0.0158% | 4h | 0.01405 | −0.071% | $3.9M | $11.8M | 20x | |
| MEXC CP_USDT | +0.0160% | 4h | 0.01404 | −0.142% | $1.5M | $399K | 20x | as long as short |
| BloFin CP-USDT | +0.0192% | 4h | 0.01406 | 0.000% | $430 | $43K | 20x | as long as short |
| Bybit CPUSDT | +0.1292% | 4h | 0.01406 | 0.000% | $1.7M | $3.2M | 20x | as long as short |
Gate CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT
MEXC CP_USDT
BloFin CP-USDT
Bybit CPUSDT