Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.032%
Price spread now: OKX against Binance+0.143%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1651.652% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days−0.247%−$25 · spread now +0.143%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.129% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OUSDT | 0.5602 | 0.0313 | pay 0.0157% / 4h | 2h 28m | $4.7M | $1.9M | 10x |
| Short | OKX O-USDT-SWAP | 0.5610 | 0.0366 | get 0.0183% / 4h | 2h 28m | $1.5M | $1.1M | 10x |
Binance OUSDT
OKX O-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
- $11.01
- Price spread: +0.143% → +0.013%
- $12.93
- Slippage, 4 orders
- −$145.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$141.27
- Costs to cover
- 1.652%
- Break-even
- 96.8 days
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 3 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, 9 min ago | 6.24 bp | 35.6 bp −$36 | 413.3 bp −$4,133 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.58 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
O on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit OUSDT | +0.0100% | 4h | 0.5606 | +0.071% | $706K | $913K | 20x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5601 | −0.018% | $1.5M | $493K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5600 | −0.036% | $1.3M | $757K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5607 | +0.089% | $1.6M | $300K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5613 | +0.190% | $3K | $535 | — | as long as short |
| Aster OUSDT | +0.0204% | 4h | 0.5599 | −0.056% | $23K | $46K | 3x | as long as short |
| Binance OUSDTlong | +0.0313% | 4h | 0.5602 | long leg | $4.7M | $1.9M | 10x | |
| MEXC O_USDT | +0.0364% | 4h | 0.5605 | +0.054% | $968K | $177K | 50x | as long as short |
| OKX O-USDT-SWAPshort | +0.0366% | 4h | 0.5610 | +0.143% | $1.5M | $1.1M | 10x | |
| BingX O-USDT | +0.0400% | 4h | 0.5608 | +0.107% | — | $1.6M | — | as long as short |
Bybit OUSDT
Gate O_USDT
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
Aster OUSDT
MEXC O_USDT
BingX O-USDT