Funding you earn now, next payment 00:00 UTC−0.1444%/8h= −158.1% APRnext payment −$7.22 per $10,000 · paid last 24h −0.408%
Price spread now: OKX against BingX−0.160%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$780.783% of the position
Funding, last 7 days−0.460%−$46 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.160%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and OKX is 0.131% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.460% in total (about -24.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.22 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 | BingX ONT-USDT | 0.05616 | 0.1324 | pay 0.0662% / 4h | 1h 53m | — | $2.3M | — |
| Short | OKX ONT-USDT-SWAP | 0.05607 | −0.0120 | pay 0.0060% / 4h | 1h 53m | $804K | $879K | 20x |
BingX ONT-USDT
OKX ONT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- −$303.21
- Price spread: −0.160% → −0.029%
- −$13.14
- Slippage, 4 orders
- −$58.3
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$394.64
- Costs to cover
- 0.783%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; OKX: live order book, 28 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 BingX live order book, 10 min ago | 5.36 bp | 20.4 bp −$20 | 45.9 bp −$459 | 486.2 bp −$48.6K | 984.8 bp −$492.4K |
| Sell OKX live order book, 28 min ago | 4.45 bp | 16.2 bp −$16 | 73.8 bp −$738 | doesn't fit | doesn't fit |
ONT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ONTUSD | −0.0404% | 1h | 0.05617 | +0.015% | $9K | $231 | 10x | as long as short |
| OKX ONT-USDT-SWAPshort | −0.0120% | 4h | 0.05607 | −0.160% | $804K | $879K | 20x | |
| BloFin ONT-USDT | +0.0057% | 4h | 0.05607 | −0.160% | $131K | $25K | 50x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05623 | +0.118% | $27K | $388 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05612 | −0.071% | $2.4M | $2.6M | 50x | as long as short |
| Gate ONT_USDT | +0.0100% | 4h | 0.05620 | +0.071% | $172K | $60K | 50x | as long as short |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05612 | −0.071% | $1.5M | $134K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05619 | +0.053% | $523K | $53K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05619 | +0.053% | $810K | $313K | 50x | as long as short |
| Variational Omni ONT | +0.1162% | 4h | 0.05607 | −0.160% | $4K | $3K | — | as long as short |
Kraken Futures PF_ONTUSD
BloFin ONT-USDT
Aster ONTUSDT
Binance ONTUSDT
Gate ONT_USDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ONT-USDTlong | +0.1324% | 4h | 0.05616 | long leg | — | $2.3M | — | |
| Bybit ONTUSDT | +0.1369% | 4h | 0.05606 | −0.178% | $798K | $319K | 25x | as long as short |
Bybit ONTUSDT