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Funding arb · Price arb /

TRUST

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.4255%/8h= +465.9% APRnext payment +$21.28 per $10,000 · paid last 24h +0.467%
Price spread now: BingX against OKX−0.149%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2382.384% of the position
Long on OKXShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.691%+$69 on $10k
Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.149%, 7d avg −0.036%
Together, before fees+0.786%+$79 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.113% cheaper against OKX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.036%). If the spread goes back, that is −$11 on $10k: about 2 hours of funding at the current rate (+$128 a day). At the pace of the last 7 days (+0.691% in total) that is about 27 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 +$21.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TRUST-USDT-SWAP0.060220.0100pay 0.0050% / 4h1h 12m$107K$115K10x
ShortBingX TRUST-USDT0.060130.4355get 0.2178% / 4h1h 12m—$6.5M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$893.59
Price spread: −0.149% → −0.036%
−$11.31
Slippage, 4 orders
−$218.37
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$643.91
Costs to cover
2.384%
Break-even
2.0 days
Slippage from OKX: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago11.63 bp61.0 bp −$6115302.8 bp −$153.0Kdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago10.81 bp65.9 bp −$66155.0 bp −$1,550doesn't fitdoesn't fit

TRUST on 10 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
OKX TRUST-USDT-SWAPlong+0.0100%4h0.06022long leg$107K$115K10x
Gate TRUST_USDT+0.0100%8h0.06030+0.133%$493K$21K10xas long as short
KuCoin TRUSTUSDTM+0.0100%4h0.06004−0.299%$286K$727K10xas long as short
Bitget TRUSTUSDT+0.0100%4h0.060220.000%$646K$57K10xas long as short
Binance TRUSTUSDT+0.0299%4h0.06014−0.133%$1.6M$1.1M10xas long as short
MEXC TRUST_USDT+0.0308%4h0.06015−0.116%$200K$95K50xas long as short
Aster TRUSTUSDT+0.0414%4h0.06010−0.195%$10K$6K5xas long as short
BingX TRUST-USDTshort+0.4355%4h0.06013−0.149%—$6.5M—
Bybit TRUSTUSDT+0.4590%4h0.05991−0.515%$502K$217K25xas long as short
Variational Omni TRUST+0.5676%4h0.05993−0.486%$54K$409—as long as short