Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.125%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2212.206% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.125%, 7d avg −0.062%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.062% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDERUSDT | 0.04007 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $1.3M | $1.7M | 50x |
| Short | OKX ORDER-USDT-SWAP | 0.04002 | 0.0100 | get 0.0050% / 4h | 3h 39m | $169K | $215K | 20x |
Binance ORDERUSDT
OKX ORDER-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
- $0
- Price spread: −0.125% → −0.062%
- −$6.24
- Slippage, 4 orders
- −$200.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$226.89
- Costs to cover
- 2.206%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 55 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, 9 min ago | 2.49 bp | 35.4 bp −$35 | 193.9 bp −$1,939 | doesn't fit | doesn't fit |
| Sell OKX live order book, 55 min ago | 2.49 bp | 69.7 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
ORDER 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORDER-USDT | +0.0084% | 8h | 0.03992 | −0.374% | $63K | $6K | 16x | as long as short |
| Binance ORDERUSDTlong | +0.0100% | 4h | 0.04007 | long leg | $1.3M | $1.7M | 50x | |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.03995 | −0.299% | $1.3M | $705K | 20x | as long as short |
| OKX ORDER-USDT-SWAPshort | +0.0100% | 4h | 0.04002 | −0.125% | $169K | $215K | 20x | |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04008 | +0.025% | $76K | $26K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.04002 | −0.125% | $267K | $102K | 20x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.04000 | −0.175% | $489K | $188K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.04001 | −0.150% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.03994 | −0.328% | $10K | $2K | — | as long as short |
| Orderly PERP_ORDER_USDC | +0.0726% | 4h | 0.04004 | −0.075% | $187K | $265K | 10x | as long as short |
BloFin ORDER-USDT
Bybit ORDERUSDT
Gate ORDER_USDT
MEXC ORDER_USDT
Bitget ORDERUSDT
BingX ORDER-USDT
Variational Omni ORDER
Orderly PERP_ORDER_USDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDERUSDTM | +0.0942% | 4h | 0.04011 | +0.100% | $231K | $46K | 30x | as long as short |
KuCoin ORDERUSDTM