Funding you earn now, next payment 08:00 UTC−0.0540%/8h= −59.2% APRnext payment −$2.70 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against OKX−0.054%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1651.654% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 7 days+0.158%+$16 · spread now −0.054%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Binance is 0.035% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.70 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 O-USDT-SWAP | 0.5592 | 0.0640 | pay 0.0320% / 4h | 58m 41s | $1.5M | $1.2M | 10x |
| Short | Binance OUSDT | 0.5589 | 0.0100 | get 0.0050% / 4h | 58m 41s | $4.7M | $2.2M | 10x |
OKX O-USDT-SWAP
Binance OUSDTFunding 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
- −$113.5
- Price spread: −0.054% → −0.019%
- −$3.45
- Slippage, 4 orders
- −$145.35
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$282.31
- Costs to cover
- 1.654%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 8 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, 3 min ago | 6.24 bp | 43.7 bp −$44 | 5455.0 bp −$54.6K | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 6.26 bp | 39.2 bp −$39 | 349.2 bp −$3,492 | doesn't fit | doesn't fit |
O 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5600 | +0.145% | $20K | $53K | 3x | as long as short |
| Binance OUSDTshort | +0.0100% | 4h | 0.5589 | −0.054% | $4.7M | $2.2M | 10x | |
| Gate O_USDT | +0.0100% | 4h | 0.5597 | +0.089% | $1.5M | $602K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5589 | −0.054% | $1.6M | $371K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5599 | +0.126% | $3K | $518 | — | as long as short |
| KuCoin OUSDTM | +0.0226% | 4h | 0.5591 | −0.018% | $1.3M | $635K | 20x | as long as short |
| BloFin O-USDT | +0.0456% | 4h | 0.5610 | +0.322% | $241K | $6K | 20x | as long as short |
| Bybit OUSDT | +0.0465% | 4h | 0.5593 | +0.018% | $714K | $979K | 20x | as long as short |
| OKX O-USDT-SWAPlong | +0.0640% | 4h | 0.5592 | long leg | $1.5M | $1.2M | 10x | |
| MEXC O_USDT | +0.0650% | 4h | 0.5594 | +0.036% | $958K | $166K | 50x | as long as short |
Aster OUSDT
Gate O_USDT
Bitget OUSDT
Variational Omni O
KuCoin OUSDTM
BloFin O-USDT
Bybit OUSDT
MEXC O_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX O-USDT | +0.0650% | 4h | 0.5592 | 0.000% | — | $1.6M | — | as long as short |
BingX O-USDT