Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against Binance+0.020%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.020%, 7d avg −0.015%
=The price spread pays, funding is against you. OKX is 0.035% dearer against Binance than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.015%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.061% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 0.9978 | 0.0034 | pay 0.0034% / 8h | 7h 11m | $57.8M | $178.4M | 75x |
| Short | OKX FIL-USDT-SWAP | 0.9980 | −0.0040 | pay 0.0040% / 8h | 7h 11m | $18.4M | $98.1M | 50x |
Binance FILUSDT
OKX FIL-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
- −$15.51
- Price spread: +0.020% → −0.015%
- $3.53
- Slippage, 4 orders
- −$14.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$46.31
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago | 0.50 bp | 7.5 bp −$7 | 13.4 bp −$134 | 46.2 bp −$4,617 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.50 bp | 8.7 bp −$9 | 17.0 bp −$170 | 100.3 bp −$10.0K | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0550% | 1h | 0.9991 | +0.130% | $172K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0328% | 1h | 0.9988 | +0.096% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9979 | +0.010% | $339K | $1.9M | 50x | as long as short |
| OKX FIL-USDT-SWAPshort | −0.0040% | 8h | 0.9980 | +0.020% | $18.4M | $98.1M | 50x | |
| KuCoin FILUSDTM | −0.0036% | 8h | 0.9992 | +0.140% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9990 | +0.118% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9997 | +0.190% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9990 | +0.119% | $702K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.233% | $2K | $240K | 12x | as long as short |
| Binance FILUSDTlong | +0.0034% | 8h | 0.9978 | long leg | $57.8M | $178.4M | 75x |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0068% | 8h | 0.9979 | +0.010% | $247K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0077% | 8h | 0.9983 | +0.050% | $10.9M | $21.2M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9980 | +0.024% | $160K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9984 | +0.064% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9989 | +0.108% | $510K | $566K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9984 | +0.060% | $15.7M | $18.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9984 | +0.060% | $8.3M | $16.3M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9985 | +0.070% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9967 | −0.106% | $449K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9983 | +0.053% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9984 | +0.060% | $297K | $837K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9990 | +0.120% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9993 | +0.146% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9980 | +0.020% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9981 | +0.030% | $495 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0007 | +0.291% | $630K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | +0.020% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0131% | 8h | 0.9977 | −0.010% | $2.7M | $591K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0545% / S −0.0538% | 1h | 0.9988 | +0.104% | $198K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]