Funding you earn now, next payment 08:00 UTC+0.0642%/8h= +70.3% APRnext payment +$3.21 per $10,000 · paid last 24h +0.095%
Price spread now: Binance against OKX+0.027%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$610.611% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 7 days+0.001%$0 · spread now +0.027%, 7d avg −0.003%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Binance is 0.029% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.21 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 | OKX IOST-USDT-SWAP | 0.0009004 | −0.2116 | get 0.1058% / 4h | 1h 59m | $1.6M | $4.1M | 10x |
| Short | Binance IOSTUSDT | 0.0009006 | −0.1473 | pay 0.0737% / 4h | 1h 59m | $5.8M | $16.4M | 50x |
OKX IOST-USDT-SWAP
Binance IOSTUSDTFunding 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
- $134.89
- Price spread: +0.027% → −0.003%
- $2.92
- Slippage, 4 orders
- −$41.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $76.66
- Costs to cover
- 0.611%
- Break-even
- 3.0 days
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 11 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 | 1.67 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.56 bp | 16.0 bp −$16 | 47.6 bp −$476 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAPlong | −0.2116% | 4h | 0.0009004 | long leg | $1.6M | $4.1M | 10x | |
| Bybit IOSTUSDT | −0.1710% | 8h | 0.0009011 | +0.078% | $1.9M | $2.0M | 25x | as long as short |
| Variational Omni IOST | −0.1525% | 8h | 0.0008999 | −0.052% | $10K | $5K | — | as long as short |
| Binance IOSTUSDTshort | −0.1473% | 4h | 0.0009006 | +0.027% | $5.8M | $16.4M | 50x | |
| MEXC IOST_USDT | −0.1472% | 4h | 0.0009004 | 0.000% | $1.9M | $474K | 50x | as long as short |
| BloFin IOST-USDT | −0.1417% | 4h | 0.0009000 | −0.044% | $297K | $2.0M | 50x | as long as short |
| Bitget IOSTUSDT | −0.1262% | 4h | 0.0009003 | −0.011% | $680K | $2.3M | 25x | as long as short |
| BingX IOST-USDT | −0.0522% | 4h | 0.0009010 | +0.067% | — | $2.4M | — | as long as short |
| Gate IOST_USDT | −0.0352% | 4h | 0.0009000 | −0.044% | $703K | $526K | 25x | as long as short |
Bybit IOSTUSDT
Variational Omni IOST
MEXC IOST_USDT
BloFin IOST-USDT
Bitget IOSTUSDT
BingX IOST-USDT
Gate IOST_USDT