Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.048%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.048%, 7d avg −0.005%

Together, before fees+0.105%+$10 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 0.053% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02470	0.0100	pay 0.0050% / 4h	1h 55m	$204K	$415K	20x
Short	Binance STABLEUSDT	0.02471	0.0100	get 0.0050% / 4h	1h 55m	$2.4M	$2.7M	75x

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

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.005%: $5.31
Slippage, 4 orders: −$98.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$113.46
Costs to cover: 1.188%
Break-even: never at this rate

Slippage from OKX: live order book, 26 min ago; Binance: live order book, 10 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 OKX live order book, 26 min ago	10.11 bp	35.7 bp −$36	1388.8 bp −$13.9K	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	4.05 bp	20.3 bp −$20	84.3 bp −$843	doesn't fit	doesn't fit

STABLE on 15 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
Aster STABLEUSDT	−0.0325%	4h	0.02472	+0.067%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0078%	4h	0.02470	0.000%	$114K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02484	+0.579%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	+0.053%	$871K	$234K	3x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02471	+0.048%	$2.4M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02474	+0.182%	$1.5M	$799K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02470	long leg	$204K	$415K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02470	0.000%	$171K	$86K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02472	+0.081%	$659K	$154K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02474	+0.162%	$174K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02472	+0.081%	$292K	$116K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02474	+0.162%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02474	+0.153%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02474	+0.158%	$2K	$651K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	+0.031%	$12K	$175K	10x	as long as short