Settings8H · net · $10k
Funding arb · Price arb /

RE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.7% APRnext payment $0.17 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against OKX−0.031%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$560.561% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.126%+$13 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.031%, 7d avg +0.008%
Together, before fees+0.153%+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.039% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.126%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX RE-USDT-SWAP0.46470.0085pay 0.0042% / 4h1h 37m$1.8M$3.4M20x
ShortBinance REUSDT0.46450.0051get 0.0026% / 4h1h 37m$8.3M$8.0M50x

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
−$7.03
Price spread: −0.031% → +0.008%
−$3.92
Slippage, 4 orders
−$36.06
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$67.01
Costs to cover
0.561%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 1 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, 4 min ago0.11 bp16.3 bp −$16171.0 bp −$1,710doesn't fitdoesn't fit
Sell Binance live order book, 1 min ago1.08 bp13.4 bp −$1361.4 bp −$614doesn't fitdoesn't fit

RE on 14 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
gTrade (Gains Network) RE/USDL −0.0025% / S +0.0026%1h0.4651+0.102%150xas long as short
edgeX REUSDC+0.0039%4h0.4642−0.097%$8K$218K10xas long as short
MEXC RE_USDT+0.0046%4h0.4645−0.037%$1.3M$431K50xas long as short
Extended RE-USD+0.0048%1h0.4645−0.041%$7885xas long as short
Binance REUSDTshort+0.0051%4h0.4645−0.031%$8.3M$8.0M50x
OKX RE-USDT-SWAPlong+0.0085%4h0.4647long leg$1.8M$3.4M20x
BloFin RE-USDT+0.0091%4h0.4648+0.028%$360K$20K50xas long as short
Aster REUSDT+0.0100%4h0.4647+0.011%$30K$23K20xas long as short
Bybit REUSDT+0.0100%4h0.4648+0.028%$1.4M$1.2M20xas long as short
Gate RE_USDT+0.0100%4h0.4649+0.056%$421K$919K20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin REUSDTM+0.0100%4h0.4649+0.041%$1.4M$921K20xas long as short
Bitget REUSDT+0.0100%4h0.4649+0.047%$1.8M$545K20xas long as short
BingX RE-USDT+0.0100%4h0.4646−0.015%$1.7Mas long as short
Orderly PERP_RE_USDC_mythos+0.0100%4h0.4650+0.071%$4K10xas long as short