Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: OKX against Binance−0.100%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1481.481% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.100%, 7d avg −0.119%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHWUSDT | 0.2991 | 0.0100 | pay 0.0050% / 4h | 29m 05s | $1.3M | $5.6M | 50x |
| Short | OKX ETHW-USDT-SWAP | 0.2988 | 0.0100 | get 0.0050% / 4h | 29m 05s | $860K | $4.5M | 10x |
Binance ETHWUSDT
OKX ETHW-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
- Price spread: −0.100% → −0.119%
- $1.84
- Slippage, 4 orders
- −$128.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$146.22
- Costs to cover
- 1.481%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: 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 Binance live order book, 9 min ago | 3.35 bp | 39.1 bp −$39 | 279.7 bp −$2,797 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.36 bp | 26.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
ETHW on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ETHWUSDTlong | +0.0100% | 4h | 0.2991 | long leg | $1.3M | $5.6M | 50x | |
| OKX ETHW-USDT-SWAPshort | +0.0100% | 4h | 0.2988 | −0.100% | $860K | $4.5M | 10x | |
| Gate ETHW_USDT | +0.0100% | 4h | 0.2985 | −0.201% | $225K | $283K | 20x | as long as short |
| MEXC ETHW_USDT | +0.0100% | 4h | 0.2990 | −0.033% | $986K | $938K | 100x | as long as short |
| Bitget ETHWUSDT | +0.0100% | 4h | 0.2989 | −0.067% | $163K | $231K | 50x | as long as short |
Gate ETHW_USDT
MEXC ETHW_USDT
Bitget ETHWUSDT