Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.019%
Price spread now: BingX against OKX+0.049%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now +0.049%, 7d avg +0.026%
=The price spread pays, funding is against you. BingX is 0.022% dearer against OKX than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.026%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.063% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OKB-USDT-SWAP | 123.47 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $30.0M | $40.4M | 20x |
| Short | BingX OKB-USDT | 123.53 | 0.0036 | get 0.0018% / 4h | 1h 21m | — | $2.8M | — |
OKX OKB-USDT-SWAP
BingX OKB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$13.44
- Price spread: +0.049% → +0.026%
- $2.23
- Slippage, 4 orders
- −$20.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$52.09
- Costs to cover
- 0.409%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; BingX: 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 OKX live order book, 2 min ago | 0.81 bp | 9.7 bp −$10 | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.43 bp | 11.1 bp −$11 | 19.4 bp −$194 | 167.0 bp −$16.7K | doesn't fit |
OKB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OKBUSDT | −0.0684% | 1h | 122.87 | −0.490% | $41K | $13K | 5x | as long as short |
| Injective OKB/USDC PERP | −0.0049% | 1h | 123.18 | −0.235% | $25 | $307K | 5.5x | as long as short |
| BingX OKB-USDTshort | +0.0036% | 4h | 123.53 | +0.049% | — | $2.8M | — | |
| Bybit OKBUSDT | +0.0100% | 4h | 123.56 | +0.073% | $2.6M | $973K | 25x | as long as short |
| OKX OKB-USDT-SWAPlong | +0.0100% | 4h | 123.47 | long leg | $30.0M | $40.4M | 20x | |
| Gate OKB_USDT | +0.0100% | 8h | 123.42 | −0.040% | $1.5M | $610K | 25x | as long as short |
| MEXC OKB_USDT | +0.0100% | 4h | 123.53 | +0.049% | $1.2M | $463K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 123.39 | −0.065% | $61K | $38K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 123.52 | +0.040% | $67K | $274K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0269% / S −0.0266% | 1h | 123.43 | −0.036% | $3K | — | 100x | as long as short |
Aster OKBUSDT
Injective OKB/USDC PERP
Bybit OKBUSDT
Gate OKB_USDT
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]