Funding you earn now, next payment 04:00 UTC−0.0283%/8h= −31.0% APRnext payment −$1.41 per $10,000 · paid last 24h −0.088%
Price spread now: OKX against Binance+0.055%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1361.364% of the position
Funding, last 7 days−0.216%−$22 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.055%, 7d avg −0.005%
=The price spread pays, funding is against you. OKX is 0.060% dearer against Binance than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.005%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.216% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LIGHTUSDT | 0.1809 | 0.0383 | pay 0.0191% / 4h | 29m 38s | $4.1M | $3.1M | 10x |
| Short | OKX LIGHT-USDT-SWAP | 0.1810 | 0.0100 | get 0.0050% / 4h | 29m 38s | $899K | $1.3M | 10x |
Binance LIGHTUSDT
OKX LIGHT-USDT-SWAPFunding 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
- −$59.38
- Price spread: +0.055% → −0.005%
- $6.04
- Slippage, 4 orders
- −$116.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$189.71
- Costs to cover
- 1.364%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 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, 7 min ago | 5.54 bp | 36.6 bp −$37 | 256.9 bp −$2,569 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.77 bp | 39.6 bp −$40 | 1517.0 bp −$15.2K | doesn't fit | doesn't fit |
LIGHT 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 LIGHT-USDT-SWAPshort | +0.0100% | 4h | 0.1810 | +0.055% | $899K | $1.3M | 10x | |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1809 | 0.000% | $2.3M | $563K | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1807 | −0.111% | $2K | $1.4M | 20x | as long as short |
| Aster LIGHTUSDT | +0.0266% | 4h | 0.1808 | −0.055% | $22K | $6K | 5x | as long as short |
| KuCoin LIGHTUSDTM | +0.0274% | 4h | 0.1807 | −0.088% | $2.0M | $2.5M | 10x | as long as short |
| BloFin LIGHT-USDT | +0.0351% | 4h | 0.1809 | 0.000% | $238K | $18K | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0382% | 4h | 0.1809 | 0.000% | $1.4M | $291K | 50x | as long as short |
| Binance LIGHTUSDTlong | +0.0383% | 4h | 0.1809 | long leg | $4.1M | $3.1M | 10x | |
| Bybit LIGHTUSDT | +0.0473% | 4h | 0.1809 | +0.022% | $2.2M | $608K | 13x | as long as short |
Gate LIGHT_USDT
SunX LIGHT-USDT
Aster LIGHTUSDT
KuCoin LIGHTUSDTM
BloFin LIGHT-USDT
MEXC LIGHT_USDT
Bybit LIGHTUSDT