Funding you earn now, next payment 00:00 UTC+0.3590%/8h= +393.1% APRnext payment +$17.95 per $10,000 · paid last 24h +0.405%
Price spread now: BingX against OKX−0.043%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1031.029% of the position
Funding, last 7 days+0.627%+$63 on $10k
+Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.043%, 7d avg −0.010%
=Funding pays, the price is against you. BingX is 0.033% cheaper against OKX than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about under an hour of funding at the current rate (+$108 a day). At the pace of the last 7 days (+0.627% in total) that is about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.627% in total (about 32.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.95 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 ESP-USDT-SWAP | 0.09390 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $594K | $1.3M | 20x |
| Short | BingX ESP-USDT | 0.09386 | 0.3690 | get 0.1845% / 4h | 1h 55m | — | $1.7M | — |
OKX ESP-USDT-SWAP
BingX ESP-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
- $753.9
- Price spread: −0.043% → −0.010%
- −$3.3
- Slippage, 4 orders
- −$82.91
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $647.69
- Costs to cover
- 1.029%
- Break-even
- 1.0 days
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 6 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, 1 min ago | 0.53 bp | 28.3 bp −$28 | 531.0 bp −$5,310 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 6.41 bp | 20.6 bp −$21 | 61.2 bp −$612 | 551.7 bp −$55.2K | 1154.3 bp −$577.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09378 | −0.129% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09386 | −0.039% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAPlong | +0.0100% | 4h | 0.09390 | long leg | $594K | $1.3M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09380 | −0.106% | $169K | $604K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09384 | −0.064% | $1.2M | $103K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09392 | +0.021% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09389 | −0.010% | $956K | $123K | 20x | as long as short |
| edgeX ESPUSDC | +0.0104% | 4h | 0.09372 | −0.190% | $29K | $268K | 10x | as long as short |
| BloFin ESP-USDT | +0.0122% | 4h | 0.09385 | −0.053% | $122K | $35K | 25x | as long as short |
| BingX ESP-USDTshort | +0.3690% | 4h | 0.09386 | −0.043% | — | $1.7M | — |
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BloFin ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.3750% | 4h | 0.09370 | −0.213% | $1.1M | $583K | 50x | as long as short |
Bybit ESPUSDT