Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.037%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1441.436% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.037%, 7d avg +0.023%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INIT-USDT-SWAP | 0.08172 | 0.0100 | pay 0.0050% / 4h | 2h 17m | $132K | $630K | 10x |
| Short | Binance INITUSDT | 0.08175 | 0.0100 | get 0.0050% / 4h | 2h 17m | $3.4M | $3.6M | 25x |
OKX INIT-USDT-SWAP
Binance INITUSDTFunding 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: +0.037% → +0.023%
- $1.39
- Slippage, 4 orders
- −$123.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$142.26
- Costs to cover
- 1.436%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 4 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, 3 min ago | 7.95 bp | 42.4 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.84 bp | 30.0 bp −$30 | 97.0 bp −$970 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0088% | 4h | 0.08170 | −0.024% | $154K | $110K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08171 | −0.016% | $297K | $235K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08174 | +0.023% | $27K | $36K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08175 | +0.037% | $3.4M | $3.6M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08166 | −0.073% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAPlong | +0.0100% | 4h | 0.08172 | long leg | $132K | $630K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08168 | −0.049% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08175 | +0.037% | $444K | $217K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08176 | +0.049% | $325K | $55K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08169 | −0.037% | $426K | $311K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08171 | −0.012% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08162 | −0.128% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0535% | 1h | 0.08177 | +0.066% | $6K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD