Funding you earn now, next payment 08:00 UTC+0.0221%/8h= +24.2% APRnext payment +$1.11 per $10,000 · paid last 24h +0.069%
Price spread now: Binance against OKX−0.059%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1541.540% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.059%, 7d avg +0.005%
=Funding pays, the price is against you. Binance is 0.064% cheaper against OKX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.005%). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.222% in total) that is about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LIGHT-USDT-SWAP | 0.1823 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $900K | $1.3M | 10x |
| Short | Binance LIGHTUSDT | 0.1822 | 0.0321 | get 0.0161% / 4h | 2h 42m | $4.2M | $3.1M | 10x |
OKX LIGHT-USDT-SWAP
Binance LIGHTUSDTFunding 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
- $46.44
- Price spread: −0.059% → +0.005%
- −$6.42
- Slippage, 4 orders
- −$133.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.93
- Costs to cover
- 1.540%
- Break-even
- 24.2 days
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago | 5.47 bp | 44.4 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.73 bp | 36.1 bp −$36 | 187.2 bp −$1,872 | 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-SWAPlong | +0.0100% | 4h | 0.1823 | long leg | $900K | $1.3M | 10x | |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1822 | −0.055% | $2.3M | $546K | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0100% | 4h | 0.1824 | +0.060% | $2.0M | $2.5M | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1820 | −0.165% | $2K | $1.4M | 20x | as long as short |
| Bybit LIGHTUSDT | +0.0200% | 4h | 0.1824 | +0.049% | $2.2M | $611K | 13x | as long as short |
| Aster LIGHTUSDT | +0.0201% | 4h | 0.1822 | −0.066% | $22K | $6K | 5x | as long as short |
| Binance LIGHTUSDTshort | +0.0321% | 4h | 0.1822 | −0.059% | $4.2M | $3.1M | 10x | |
| MEXC LIGHT_USDT | +0.0330% | 4h | 0.1821 | −0.110% | $1.4M | $294K | 50x | as long as short |
| BloFin LIGHT-USDT | +0.0385% | 4h | 0.1825 | +0.110% | $240K | $15K | 10x | as long as short |
Gate LIGHT_USDT
KuCoin LIGHTUSDTM
SunX LIGHT-USDT
Bybit LIGHTUSDT
Aster LIGHTUSDT
MEXC LIGHT_USDT
BloFin LIGHT-USDT