Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.017%
Price spread now: Binance against OKX−0.073%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now −0.073%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.025% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.7130 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $4.9M | $12.5M | 20x |
| Short | Binance ETHFIUSDT | 0.7125 | 0.0081 | get 0.0040% / 4h | 1h 54m | $24.8M | $37.1M | 75x |
OKX ETHFI-USDT-SWAP
Binance ETHFIUSDTFunding 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
- −$4.02
- Price spread: −0.073% → −0.049%
- −$2.45
- Slippage, 4 orders
- −$24.97
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$51.44
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 3 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, 4 min ago | 0.70 bp | 7.0 bp −$7 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.70 bp | 14.7 bp −$15 | 42.0 bp −$420 | 151.1 bp −$15.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0590% | 1h | 0.7137 | +0.098% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7150 | +0.275% | $281K | $145K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0200% | 4h | 0.7120 | −0.140% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0173% | 4h | 0.7135 | +0.070% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.543% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7137 | +0.092% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0060% | 4h | 0.7128 | −0.028% | $6.1M | $5.7M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0078% | 4h | 0.7129 | −0.014% | $15.2M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7131 | +0.020% | $92K | $495K | 10x | as long as short |
| Binance ETHFIUSDTshort | +0.0081% | 4h | 0.7125 | −0.073% | $24.8M | $37.1M | 75x |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7137 | +0.105% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7134 | +0.050% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7138 | +0.118% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7134 | +0.056% | $18.2M | $12.9M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7130 | long leg | $4.9M | $12.5M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7140 | +0.140% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7138 | +0.112% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7136 | +0.084% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7124 | −0.086% | $1.0M | $746K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7138 | +0.119% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7142 | +0.168% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7127 | −0.042% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7147 | +0.238% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0312% | 4h | 0.7135 | +0.070% | $1.3M | $292K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT