Funding you earn now, next payment 08:00 UTC+0.1772%/8h= +194.1% APRnext payment +$8.86 per $10,000 · paid last 24h +0.154%
Price spread now: BingX against OKX−0.112%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days+0.457%+$46 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now −0.112%, 7d avg +0.016%
=Funding pays, the price is against you. BingX is 0.128% cheaper against OKX than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.016%). If the spread goes back, that is −$13 on $10k: about 6 hours of funding at the current rate (+$53 a day). At the pace of the last 7 days (+0.457% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.457% in total (about 23.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.86 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 | 0.0008925 | −0.2365 | get 0.1183% / 4h | 2h 22m | $1.5M | $4.1M | 10x |
| Short | BingX IOST-USDT | 0.0008915 | −0.0593 | pay 0.0296% / 4h | 2h 22m | — | $2.4M | — |
OKX IOST-USDT-SWAP
BingX IOST-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $372.22
- Price spread: −0.112% → +0.016%
- −$12.79
- Slippage, 4 orders
- −$51.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $288.26
- Costs to cover
- 0.712%
- Break-even
- 1.6 days
Slippage from OKX: live order book, 5 min ago; BingX: live order book, 12 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 | 1.68 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 2.78 bp | 15.1 bp −$15 | 41.5 bp −$415 | 273.3 bp −$27.3K | 368.1 bp −$184.1K |
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 | −0.2365% | 4h | 0.0008925 | long leg | $1.5M | $4.1M | 10x | |
| Bybit IOSTUSDT | −0.1879% | 8h | 0.0008933 | +0.090% | $1.9M | $2.0M | 25x | as long as short |
| BloFin IOST-USDT | −0.1671% | 4h | 0.0008904 | −0.235% | $297K | $2.0M | 50x | as long as short |
| Variational Omni IOST | −0.1667% | 8h | 0.0008974 | +0.549% | $10K | $5K | — | as long as short |
| Binance IOSTUSDT | −0.1658% | 4h | 0.0008917 | −0.090% | $5.8M | $16.4M | 50x | as long as short |
| MEXC IOST_USDT | −0.1656% | 4h | 0.0008920 | −0.056% | $1.9M | $482K | 50x | as long as short |
| Bitget IOSTUSDT | −0.1424% | 4h | 0.0008915 | −0.112% | $659K | $2.3M | 25x | as long as short |
| BingX IOST-USDTshort | −0.0593% | 4h | 0.0008915 | −0.112% | — | $2.4M | — | |
| Gate IOST_USDT | −0.0524% | 4h | 0.0008900 | −0.280% | $704K | $525K | 25x | as long as short |
Bybit IOSTUSDT
BloFin IOST-USDT
Variational Omni IOST
Binance IOSTUSDT
MEXC IOST_USDT
Bitget IOSTUSDT
Gate IOST_USDT