Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.013%
Price spread now: OKX against Binance+0.141%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.141%, 7d avg +0.050%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.091% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHFIUSDT | 0.7035 | 0.0098 | pay 0.0049% / 4h | 2m 47s | $24.4M | $35.1M | 75x |
| Short | OKX ETHFI-USDT-SWAP | 0.7045 | 0.0100 | get 0.0050% / 4h | 2m 47s | $5.0M | $12.3M | 20x |
Binance ETHFIUSDT
OKX ETHFI-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
- $0.38
- Price spread: +0.141% → +0.050%
- $9.13
- Slippage, 4 orders
- −$36.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$47.16
- Costs to cover
- 0.567%
- Break-even
- 870.7 days
Slippage from Binance: live order book, 9 min ago; OKX: live order book, just now.
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, 9 min ago | 0.71 bp | 14.1 bp −$14 | 35.4 bp −$354 | 182.9 bp −$18.3K | doesn't fit |
| Sell OKX live order book, just now | 2.13 bp | 14.3 bp −$14 | 41.6 bp −$416 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0416% | 4h | 0.7033 | −0.030% | $87K | $168K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0317% | 1h | 0.7048 | +0.184% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0235% | 4h | 0.7043 | +0.113% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | 0.0000% | 8h | 0.7037 | +0.025% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.913% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7044 | +0.130% | $264K | $209K | 20x | as long as short |
| Variational Omni ETHFI | +0.0072% | 4h | 0.7029 | −0.083% | $981K | $706K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7045 | +0.141% | $1.1M | $883K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7039 | +0.058% | $95K | $381K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0098% | 4h | 0.7040 | +0.070% | $15.8M | $4.1M | 125x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Variational Omni ETHFI
Lighter ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ETHFIUSDTlong | +0.0098% | 4h | 0.7035 | long leg | $24.4M | $35.1M | 75x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7041 | +0.086% | $17.4M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7050 | +0.211% | $180K | $264K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7037 | +0.027% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.7045 | +0.141% | $5.0M | $12.3M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7047 | +0.169% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7040 | +0.070% | $1.2M | $232K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7036 | +0.013% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7041 | +0.084% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7058 | +0.322% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7051 | +0.226% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7045 | +0.141% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0338% | 4h | 0.7044 | +0.127% | $1.2M | $245K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +0.866% | $31K | $6K | 50x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX