Funding you earn now, next payment 04:00 UTC−0.0221%/8h= −24.2% APRnext payment −$1.10 per $10,000 · paid last 24h −0.061%
Price spread now: OKX against Binance+0.069%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.069%, 7d avg +0.002%
=The price spread pays, funding is against you. OKX is 0.067% dearer against Binance than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.002%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.124% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IOSTUSDT | 0.0008977 | −0.2281 | get 0.1141% / 4h | 1h 14m | $5.8M | $16.0M | 50x |
| Short | OKX IOST-USDT-SWAP | 0.0008983 | −0.2502 | pay 0.1251% / 4h | 1h 14m | $1.6M | $4.0M | 10x |
Funding 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
- −$46.32
- Price spread: +0.069% → +0.002%
- $6.73
- Slippage, 4 orders
- −$46.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$106.55
- Costs to cover
- 0.670%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 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, 11 min ago | 1.11 bp | 13.9 bp −$14 | 45.7 bp −$457 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.56 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
IOST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IOSTUSDT | −0.3142% | 8h | 0.0008976 | −0.009% | $1.9M | $2.1M | 25x | as long as short |
| OKX IOST-USDT-SWAPshort | −0.2502% | 4h | 0.0008983 | +0.069% | $1.6M | $4.0M | 10x | |
| MEXC IOST_USDT | −0.2282% | 4h | 0.0008978 | +0.013% | $1.9M | $448K | 50x | as long as short |
| Binance IOSTUSDTlong | −0.2281% | 4h | 0.0008977 | long leg | $5.8M | $16.0M | 50x | |
| BloFin IOST-USDT | −0.2233% | 4h | 0.0008977 | +0.002% | $298K | $2.0M | 50x | as long as short |
| Bitget IOSTUSDT | −0.2214% | 4h | 0.0008981 | +0.047% | $651K | $2.2M | 25x | as long as short |
| Variational Omni IOST | −0.1730% | 8h | 0.0008986 | +0.100% | $10K | $5K | — | as long as short |
| Gate IOST_USDT | −0.1038% | 4h | 0.0008970 | −0.076% | $726K | $493K | 25x | as long as short |
| BingX IOST-USDT | −0.0798% | 4h | 0.0008980 | +0.036% | — | $2.4M | — | as long as short |
Binance IOSTUSDT
OKX IOST-USDT-SWAP
Bybit IOSTUSDT
MEXC IOST_USDT
BloFin IOST-USDT
Bitget IOSTUSDT
Variational Omni IOST
Gate IOST_USDT
BingX IOST-USDT