Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h −0.499%
Price spread now: OKX against BingX+0.043%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$990.993% of the position
Funding, last 7 days−0.724%−$72 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now +0.043%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.022% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.724%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ESP-USDT | 0.09381 | 0.0036 | pay 0.0018% / 4h | 4m 20s | — | $1.7M | — |
| Short | OKX ESP-USDT-SWAP | 0.09385 | 0.0100 | get 0.0050% / 4h | 4m 20s | $594K | $1.1M | 20x |
BingX ESP-USDT
OKX ESP-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
- $13.44
- Price spread: +0.043% → +0.021%
- $2.16
- Slippage, 4 orders
- −$79.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$83.73
- Costs to cover
- 0.993%
- Break-even
- 50.6 days
Slippage from BingX: live order book, 3 min ago; OKX: live order book, 2 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, 3 min ago | 5.86 bp | 19.6 bp −$20 | 58.4 bp −$584 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.53 bp | 22.3 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
ESP 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDTlong | +0.0036% | 4h | 0.09381 | long leg | — | $1.7M | — | |
| Aster ESPUSDT | +0.0100% | 4h | 0.09380 | −0.009% | $6K | $18K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09387 | +0.064% | $2.4M | $4.1M | 25x | as long as short |
| OKX ESP-USDT-SWAPshort | +0.0100% | 4h | 0.09385 | +0.043% | $594K | $1.1M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09389 | +0.085% | $174K | $607K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09383 | +0.021% | $1.3M | $123K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09384 | +0.032% | $1.5M | $45K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09387 | +0.067% | $943K | $136K | 20x | as long as short |
| Bybit ESPUSDT | +0.0101% | 4h | 0.09376 | −0.053% | $1.1M | $609K | 50x | as long as short |
| edgeX ESPUSDC | +0.0104% | 4h | 0.09385 | +0.038% | $29K | $267K | 10x | as long as short |
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
Bybit ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDT | +0.0112% | 4h | 0.09390 | +0.096% | $124K | $33K | 25x | as long as short |
BloFin ESP-USDT