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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Binance against OKX−0.065%7-day average +0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1451.454% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 7 days+0.179%+$18 · spread now −0.065%, 7d avg +0.080%
Together, before fees+0.155%+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.146% cheaper against OKX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.080%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SATS-USDT-SWAP0.000000012220.0100pay 0.0100% / 8h4h 48m$814K$3.0M10x
ShortBinance 1000SATSUSDT0.000000012210.0100get 0.0050% / 4h48m 30s$2.1M$5.3M25x

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
$0
Price spread: −0.065% → +0.080%
−$14.57
Slippage, 4 orders
−$125.35
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$159.92
Costs to cover
1.454%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 4 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 ago6.54 bp44.8 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 4 min ago4.09 bp26.0 bp −$26245.1 bp −$2,451doesn't fitdoesn't fit

SATS on 8 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
Binance 1000SATSUSDTshort+0.0100%4h0.00000001221−0.065%$2.1M$5.3M25x
Bybit 10000SATSUSDT+0.0100%4h0.00000001220−0.147%$281K$879K13xas long as short
OKX SATS-USDT-SWAPlong+0.0100%8h0.00000001222long leg$814K$3.0M10x
Gate SATS_USDT+0.0100%4h0.00000001217−0.393%$356K$246K25xas long as short
MEXC SATS_USDT+0.0100%8h0.00000001219−0.229%$370K$183K100xas long as short
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001219−0.229%$196K$88K10xas long as short
Bitget 1000SATSUSDT+0.0100%4h0.00000001220−0.147%$712K$241K25xas long as short
BingX 10000SATS-USDT+0.0100%4h0.00000001220−0.147%$5.8Mas long as short