Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.047%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$970.975% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.047%, 7d avg −0.029%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.076% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005071	0.0100	pay 0.0050% / 4h	1m 27s	$2.1M	$3.1M	50x
Short	OKX NOT-USDT-SWAP	0.0005073	0.0100	get 0.0050% / 4h	1m 27s	$642K	$668K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.029%: $7.59
Slippage, 4 orders: −$77.5
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$89.9
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; OKX: live order book, 54 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, 4 min ago	0.99 bp	19.9 bp −$20	128.1 bp −$1,281	doesn't fit	doesn't fit
Sell OKX live order book, 54 min ago	2.97 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0407%	4h	0.0005058	−0.246%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0264%	4h	0.0005067	−0.071%	$472K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.877%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005081	+0.201%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.012%	$360K	$56K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005070	−0.002%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005071	long leg	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005066	−0.091%	$2.1M	$856K	25x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005073	+0.047%	$642K	$668K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005070	−0.012%	$141K	$70K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005071	+0.008%	$1.3M	$435K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005074	+0.067%	$673K	$413K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005071	+0.008%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005069	−0.031%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0144%	4h	0.0005065	−0.110%	$111K	$16K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1694%	1h	0.0005099	+0.559%	$50K	$8K	10x	as long as short