Funding you earn now, next payment 00:00 UTC−0.3318%/8h= −363.3% APRnext payment −$16.59 per $10,000 · paid last 24h −0.467%
Price spread now: OKX against BingX+0.083%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2202.199% of the position
Funding, last 7 days−0.691%−$69 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.083%, 7d avg +0.038%
=The price spread pays, funding is against you. OKX is 0.045% dearer against BingX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.038%): +$4 on $10k if it goes back. Holding the pair costs −$100 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−0.691% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.691% in total (about -36.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRUST-USDT | 0.06019 | 0.3418 | pay 0.1709% / 4h | 27m 44s | — | $6.5M | — |
| Short | OKX TRUST-USDT-SWAP | 0.06024 | 0.0100 | get 0.0050% / 4h | 27m 44s | $106K | $118K | 10x |
BingX TRUST-USDT
OKX TRUST-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
- −$696.78
- Price spread: +0.083% → +0.038%
- $4.47
- Slippage, 4 orders
- −$199.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$912.23
- Costs to cover
- 2.199%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; OKX: live order book, 47 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, 8 min ago | 11.65 bp | 47.6 bp −$48 | 95.1 bp −$951 | 968.4 bp −$96.8K | 1279.5 bp −$639.8K |
| Sell OKX live order book, 47 min ago | 11.63 bp | 62.4 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
TRUST on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAPshort | +0.0100% | 4h | 0.06024 | +0.083% | $106K | $118K | 10x | |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06034 | +0.249% | $494K | $21K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06023 | +0.066% | $283K | $725K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06033 | +0.233% | $648K | $57K | 10x | as long as short |
| MEXC TRUST_USDT | +0.0218% | 4h | 0.06026 | +0.116% | $193K | $96K | 50x | as long as short |
| Binance TRUSTUSDT | +0.0220% | 4h | 0.06026 | +0.116% | $1.6M | $1.1M | 10x | as long as short |
| Aster TRUSTUSDT | +0.0287% | 4h | 0.06020 | +0.017% | $10K | $6K | 5x | as long as short |
| BingX TRUST-USDTlong | +0.3418% | 4h | 0.06019 | long leg | — | $6.5M | — | |
| Bybit TRUSTUSDT | +0.3594% | 4h | 0.05993 | −0.432% | $502K | $218K | 25x | as long as short |
| Variational Omni TRUST | +0.4332% | 4h | 0.05979 | −0.659% | $54K | $409 | — | as long as short |
Gate TRUST_USDT
KuCoin TRUSTUSDTM
Bitget TRUSTUSDT
MEXC TRUST_USDT
Binance TRUSTUSDT
Aster TRUSTUSDT
Bybit TRUSTUSDT
Variational Omni TRUST