Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.031%
Price spread now: OKX against Extended−0.088%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1991.988% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.088%, 7d avg −0.033%
=Together, before fees+0.143%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.055% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01185 | 0.0104 | pay 0.0013% / 1h | 3m 45s | $59K | $228K | 5x |
| Short | OKX W-USDT-SWAP | 0.01184 | 0.0032 | get 0.0016% / 4h | 3m 45s | $1.3M | $2.0M | 20x |
Extended W-USD
OKX W-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$15.11
- Price spread: −0.088% → −0.033%
- −$5.48
- Slippage, 4 orders
- −$183.79
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$219.37
- Costs to cover
- 1.988%
- Break-even
- never at this rate
Slippage from Extended: live order book, 8 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 Extended live order book, 8 min ago | 2.12 bp | 104.1 bp −$104 | 419.1 bp −$4,191 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.54 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01186 | +0.038% | $16K | $2K | 10x | as long as short |
| OKX W-USDT-SWAPshort | +0.0032% | 4h | 0.01184 | −0.088% | $1.3M | $2.0M | 20x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.996% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01186 | +0.055% | $2.0M | $416K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01185 | +0.013% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01184 | −0.147% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01189 | +0.300% | $449K | $291K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01186 | +0.022% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01185 | −0.029% | $466K | $215K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01186 | +0.055% | $1.3M | $571K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01185 | −0.029% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01179 | −0.570% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01182 | −0.252% | $127K | $377K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01185 | long leg | $59K | $228K | 5x | |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01185 | −0.063% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0500% | 1h | 0.01187 | +0.106% | $44K | $46K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0716% | 1h | 0.01188 | +0.207% | $147K | $181K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD