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 BingX−0.067%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.448%−$45 on $10k
+Price spread, last 7 days+0.137%+$14 · spread now −0.067%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.076% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PI-USDT | 0.08890 | 0.0100 | pay 0.0050% / 4h | 3h 39m | — | $6.7M | — |
| Short | OKX PI-USDT-SWAP | 0.08884 | 0.0100 | get 0.0050% / 4h | 3h 39m | $2.6M | $7.9M | 20x |
BingX PI-USDT
OKX PI-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
- $0
- Price spread: −0.067% → +0.008%
- −$7.56
- Slippage, 4 orders
- −$48.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$75.7
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; OKX: 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 BingX live order book, 12 min ago | 3.93 bp | 19.5 bp −$20 | 63.0 bp −$630 | 295.1 bp −$29.5K | 650.1 bp −$325.0K |
| Sell OKX live order book, 3 min ago | 0.56 bp | 12.6 bp −$13 | 65.3 bp −$653 | doesn't fit | doesn't fit |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | +2.250% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAPshort | +0.0100% | 4h | 0.08884 | −0.067% | $2.6M | $7.9M | 20x | |
| Gate PI_USDT | +0.0100% | 4h | 0.08890 | 0.000% | $2.6M | $2.6M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.08885 | −0.056% | $9.8M | $1.6M | 125x | as long as short |
| Bitget PIUSDT | +0.0100% | 4h | 0.08880 | −0.112% | $4.8M | $2.4M | 50x | as long as short |
| BingX PI-USDTlong | +0.0100% | 4h | 0.08890 | long leg | — | $6.7M | — |
Injective PI/USDC PERP
Gate PI_USDT
MEXC PI_USDT
Bitget PIUSDT