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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+5.6233%/8h= +6157.5% APRnext payment +$70.29 per $10,000 · paid last 24h +10.537%
Price spread now: Binance against OKX−27.331%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs+$2,518as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,833as in the Price arb table
costs, in and out, $10k−$1000.995% of the position
Long on OKXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+26.179%+$2,618 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 27.331% cheaper against OKX than usual: you would sell low and buy high (spread −27.331% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2,733 on $10k: about 39 hours of funding at the current rate (+$1,687 a day). At the pace of the last 7 days (+26.179% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 26.179% in total (about 1365.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$70.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ONE-USDT-SWAP0.005187−5.6720get 0.7090% / 1h43m 06s$6.5M$225.9M10x
ShortBinance ONEUSDT0.003769−0.0488pay 0.0061% / 1h43m 06s$13.0M$327.8M50x

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

Profit calculator

Funding earned
$11,808.86
Price spread: −27.331% → 0.000%
−$2,733.11
Slippage, 4 orders
−$79.51
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$8,976.24
Costs to cover
0.995%
Break-even
1.7 days
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago3.81 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 15 min ago0.65 bp19.4 bp −$1962.0 bp −$620doesn't fitdoesn't fit

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAPlong−5.6720%1h0.005187long leg$6.5M$225.9M10x
Variational Omni ONE−0.6095%1h0.003899−24.840%$96K$46K—as long as short
KuCoin ONEUSDTM−0.2048%1h0.003915−24.526%$3.6M$12.0M30xas long as short
Bitget ONEUSDT−0.1592%1h0.003818−26.390%$1.8M$30.6M20xas long as short
BloFin ONE-USDT−0.1448%1h0.003794−26.866%$764K$2.0M50xas long as short
Aster ONEUSDT−0.0874%1h0.003765−27.427%$2.0M$5.8M5xas long as short
Binance ONEUSDTshort−0.0488%1h0.003769−27.331%$13.0M$327.8M50x
MEXC ONE_USDT−0.0480%1h0.003808−26.592%$10.9M$14.7M20xas long as short
Gate ONE_USDT−0.0321%8h0.003793−26.878%$1.6M$15.0M20xas long as short
BingX ONE-USDT−0.0040%1h0.003863−25.521%—$5.5M—as long as short