Funding you earn now, next payment 08:00 UTC−0.0259%/8h= −28.4% APRnext payment −$1.30 per $10,000 · paid last 24h −0.160%
Price spread now: Binance against OKX−0.026%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$680.683% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.026%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.041% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.30 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 LA-USDT-SWAP | 0.07361 | 0.0064 | pay 0.0032% / 4h | 2h 39m | $1.3M | $2.9M | 20x |
| Short | Binance LAUSDT | 0.07359 | −0.0195 | pay 0.0097% / 4h | 2h 39m | $4.6M | $9.7M | 25x |
OKX LA-USDT-SWAP
Binance LAUSDTFunding 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
- −$54.42
- Price spread: −0.026% → +0.015%
- −$4.08
- Slippage, 4 orders
- −$48.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$126.81
- Costs to cover
- 0.683%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 15 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, 2 min ago | 2.71 bp | 21.5 bp −$21 | 329.8 bp −$3,298 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.35 bp | 15.7 bp −$16 | 50.6 bp −$506 | doesn't fit | doesn't fit |
LA on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget LAUSDT | −0.0596% | 4h | 0.07357 | −0.054% | $2.0M | $475K | 25x | as long as short |
| BingX LA-USDT | −0.0522% | 4h | 0.07356 | −0.068% | — | $6.6M | — | as long as short |
| Aster LAUSDT | −0.0320% | 4h | 0.07360 | −0.007% | $51K | $25K | 5x | as long as short |
| BloFin LA-USDT | −0.0209% | 4h | 0.07360 | −0.014% | $244K | $20K | 25x | as long as short |
| Binance LAUSDTshort | −0.0195% | 4h | 0.07359 | −0.026% | $4.6M | $9.7M | 25x | |
| MEXC LA_USDT | −0.0182% | 4h | 0.07359 | −0.027% | $380K | $132K | 50x | as long as short |
| Gate LA_USDT | −0.0130% | 4h | 0.07357 | −0.054% | $233K | $815K | 50x | as long as short |
| Bybit LAUSDT | +0.0011% | 4h | 0.07358 | −0.041% | $2.3M | $2.6M | 25x | as long as short |
| OKX LA-USDT-SWAPlong | +0.0064% | 4h | 0.07361 | long leg | $1.3M | $2.9M | 20x | |
| KuCoin LAUSDTM | +0.0068% | 4h | 0.07358 | −0.041% | $1.0M | $80K | 30x | as long as short |
Bitget LAUSDT
BingX LA-USDT
Aster LAUSDT
BloFin LA-USDT
MEXC LA_USDT
Gate LA_USDT
Bybit LAUSDT
KuCoin LAUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07400 | +0.530% | $142K | $441K | 10x | as long as short |
GRVT LA_USDT_Perp