Funding you earn now, next payment 02:00 UTC−3.9572%/8h= −4333.1% APRnext payment −$49.46 per $10,000 · paid last 24h −10.195%
Price spread now: OKX against Binance+22.547%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,413as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2,150as in the Price arb table
costs, in and out, $10k−$1041.045% of the position
Funding, last 7 days−23.084%−$2,308 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 22.547% dearer against Binance than usual: you sell high and buy low (spread +22.547% now, against zero (this spread has no 7-day history yet)): +$2,255 on $10k if it goes back. Holding the pair costs −$1,187 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−23.084% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -23.084% in total (about -1203.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$49.46 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 | Binance ONEUSDT | 0.004348 | 0.0054 | pay 0.0007% / 1h | 6m 46s | $14.8M | $354.1M | 50x |
| Short | OKX ONE-USDT-SWAP | 0.005328 | −3.9518 | pay 0.4940% / 1h | 6m 46s | $6.0M | $276.7M | 10x |
Binance ONEUSDT
OKX ONE-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
- −$8,310.07
- Price spread: +22.547% → 0.000%
- $2,254.65
- Slippage, 4 orders
- −$84.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$6,159.9
- Costs to cover
- 1.045%
- Break-even
- from the start
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago | 2.00 bp | 19.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.10 bp | 41.9 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
ONE 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 ONE-USDT-SWAPshort | −3.9518% | 1h | 0.005328 | +22.547% | $6.0M | $276.7M | 10x | |
| Gate ONE_USDT | −0.1518% | 8h | 0.004355 | +0.163% | $1.7M | $16.6M | 20x | as long as short |
| Aster ONEUSDT | −0.1215% | 1h | 0.004373 | +0.580% | $2.3M | $5.8M | 5x | as long as short |
| Bitget ONEUSDT | −0.0888% | 1h | 0.004389 | +0.943% | $1.9M | $35.1M | 20x | as long as short |
| Binance ONEUSDTlong | +0.0054% | 1h | 0.004348 | long leg | $14.8M | $354.1M | 50x | |
| Variational Omni ONE | +0.0081% | 1h | 0.004146 | −4.652% | $101K | $54K | — | as long as short |
| MEXC ONE_USDT | +0.0096% | 1h | 0.004380 | +0.738% | $11.8M | $16.7M | 20x | as long as short |
| BingX ONE-USDT | +0.0104% | 1h | 0.004533 | +4.262% | — | $6.5M | — | as long as short |
| KuCoin ONEUSDTM | +0.7664% | 1h | 0.004646 | +6.856% | $4.5M | $13.1M | 30x | as long as short |
Gate ONE_USDT
Aster ONEUSDT
Bitget ONEUSDT
Variational Omni ONE
MEXC ONE_USDT
BingX ONE-USDT
KuCoin ONEUSDTM