Funding you earn now, next payment 08:00 UTC−0.0377%/8h= −41.3% APRnext payment −$1.89 per $10,000 · paid last 24h −0.139%
Price spread now: OKX against BingX−0.004%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days−0.284%−$28 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now −0.004%, 7d avg −0.055%
=The price spread pays, funding is against you. OKX is 0.052% dearer against BingX than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.055%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.284% in total) that is about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USELESS-USDT | 0.2785 | 0.0532 | pay 0.0266% / 4h | 1h 43m | — | $5.3M | — |
| Short | OKX USELESS-USDT-SWAP | 0.2785 | 0.0155 | get 0.0077% / 4h | 1h 43m | $9.5M | $69.1M | 10x |
BingX USELESS-USDT
OKX USELESS-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
- −$79.25
- Price spread: −0.004% → −0.055%
- $5.17
- Slippage, 4 orders
- −$42.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$136.68
- Costs to cover
- 0.626%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; OKX: live order book, 1 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, 7 min ago | 3.80 bp | 18.3 bp −$18 | 62.3 bp −$623 | 472.6 bp −$47.3K | 1141.6 bp −$570.8K |
| Sell OKX live order book, 1 min ago | 0.18 bp | 16.7 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2781 | −0.154% | $1.3M | $1.2M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2779 | −0.238% | $544K | $2.2M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2777 | −0.290% | $30K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2784 | −0.050% | $5.4M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2775 | −0.384% | $26K | $258K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2782 | −0.111% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2777 | −0.316% | $19K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2779 | −0.244% | $643K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0134% | 4h | 0.2781 | −0.158% | $5.1M | $10.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0152% | 1h | 0.2785 | −0.026% | $10K | — | 3x | as long as short |
Lighter USELESS
Aster USELESSUSDT
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX USELESS-USDT-SWAPshort | +0.0155% | 4h | 0.2785 | −0.004% | $9.5M | $69.1M | 10x | |
| edgeX USELESSUSDC | +0.0273% | 4h | 0.2793 | +0.268% | $21K | $197K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0284% | 4h | 0.2783 | −0.097% | $11.4M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0285% | 4h | 0.2784 | −0.067% | $23.1M | $123.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0288% | 1h | 0.2780 | −0.207% | $138K | $842K | 5x | as long as short |
| Hyperliquid USELESS | +0.0381% | 1h | 0.2786 | +0.032% | $12.1M | $23.4M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0404% | 1h | 0.2788 | +0.093% | $49K | $700K | 25x | as long as short |
| Gate USELESS_USDT | +0.0434% | 4h | 0.2781 | −0.144% | $6.9M | $8.6M | 50x | as long as short |
| BingX USELESS-USDTlong | +0.0532% | 4h | 0.2785 | long leg | — | $5.3M | — | |
| Bybit USELESSUSDT | +0.0550% | 4h | 0.2785 | −0.011% | $26.1M | $48.8M | 13x | as long as short |
| Variational Omni USELESS | +0.0556% | 4h | 0.2784 | −0.044% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0790% | 4h | 0.2778 | −0.276% | $1.2M | $2.1M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1051% | 4h | 0.2783 | −0.101% | $21K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2947 | +5.784% | $5K | $11K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
ApeX Omni USELESSUSDT
Gate USELESS_USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP