Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRnext payment +$1.32 per $10,000 · paid last 24h −0.005%
Price spread now: OKX against Binance+0.054%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now +0.054%, 7d avg +0.044%
=The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USDCUSDT | 0.9994 | −0.0132 | get 0.0132% / 8h | 28m 17s | $4.4M | $3.6M | 50x |
| Short | OKX USDC-USDT-SWAP | 1.0000 | 0 | get 0.0000% / 8h | 28m 17s | $1.1M | $42K | 50x |
Binance USDCUSDT
OKX USDC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- $27.79
- Price spread: +0.054% → +0.044%
- $0.91
- Slippage, 4 orders
- −$0.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $7.91
- Costs to cover
- 0.208%
- Break-even
- 5.0 days
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 3 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 Binance live order book, 9 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 8.9 bp −$895 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.00 bp | 5.5 bp −$5 | 7.8 bp −$78 | doesn't fit | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDTlong | −0.0132% | 8h | 0.9994 | long leg | $4.4M | $3.6M | 50x | |
| MEXC USDC_USDT | −0.0131% | 8h | 0.9994 | +0.001% | $18.0M | $427K | 200x | as long as short |
| Bitget USDCUSDT | −0.0125% | 8h | 0.9994 | −0.004% | $4.3M | $17K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0067% | 1h | 0.9997 | +0.031% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0035% | 8h | 0.9991 | −0.038% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.066% | $9.5M | $349K | 50x | as long as short |
| OKX USDC-USDT-SWAPshort | 0.0000% | 8h | 1.0000 | +0.054% | $1.1M | $42K | 50x | |
| Gate USDC_USDT | +0.0093% | 8h | 0.9995 | +0.006% | $253K | $19K | 50x | as long as short |
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Bybit USDCUSDT
Gate USDC_USDT