Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against OKX+0.135%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2022.021% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.135%, 7d avg +0.121%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHW-USDT-SWAP | 0.2961 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $832K | $4.6M | 10x |
| Short | Binance ETHWUSDT | 0.2965 | 0.0100 | get 0.0050% / 4h | 2h 07m | $1.2M | $5.7M | 50x |
OKX ETHW-USDT-SWAP
Binance ETHWUSDTFunding 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
- $0
- Price spread: +0.135% → +0.121%
- $1.37
- Slippage, 4 orders
- −$182.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$200.78
- Costs to cover
- 2.021%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago | 5.05 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.35 bp | 60.7 bp −$61 | 246.2 bp −$2,462 | 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 ETHWUSDTshort | +0.0100% | 4h | 0.2965 | +0.135% | $1.2M | $5.7M | 50x | |
| OKX ETHW-USDT-SWAPlong | +0.0100% | 4h | 0.2961 | long leg | $832K | $4.6M | 10x | |
| Gate ETHW_USDT | +0.0100% | 4h | 0.2959 | −0.068% | $222K | $272K | 20x | as long as short |
| MEXC ETHW_USDT | +0.0100% | 4h | 0.2965 | +0.135% | $955K | $955K | 100x | as long as short |
| Bitget ETHWUSDT | +0.0100% | 4h | 0.2961 | 0.000% | $159K | $245K | 50x | as long as short |
Gate ETHW_USDT
MEXC ETHW_USDT
Bitget ETHWUSDT