Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against OKX+0.154%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1041.035% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 7 days−0.140%−$14 · spread now +0.154%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.126% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX W-USDT-SWAP | 0.01163 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $1.3M | $1.6M | 20x |
| Short | Binance WUSDT | 0.01165 | 0.0100 | get 0.0050% / 4h | 2h 39m | $2.9M | $5.3M | 50x |
OKX W-USDT-SWAP
Binance WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $0
- Price spread: +0.154% → +0.027%
- $12.61
- Slippage, 4 orders
- −$83.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.89
- Costs to cover
- 1.035%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 13 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 OKX live order book, 2 min ago | 0.86 bp | 28.6 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.13 bp | 22.6 bp −$23 | 86.1 bp −$861 | 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 | 0.01166 | +0.198% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.928% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01166 | +0.232% | $2.0M | $290K | 5x | as long as short |
| Binance WUSDTshort | +0.0100% | 4h | 0.01165 | +0.154% | $2.9M | $5.3M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01163 | +0.009% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAPlong | +0.0100% | 4h | 0.01163 | long leg | $1.3M | $1.6M | 20x | |
| Gate W_USDT | +0.0100% | 4h | 0.01164 | +0.095% | $426K | $238K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01166 | +0.198% | $12.3M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01166 | +0.232% | $387K | $195K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01166 | +0.232% | $1.3M | $539K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
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 | 0.01164 | +0.069% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01167 | +0.284% | $43K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01165 | +0.182% | $71K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01172 | +0.742% | $124K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01165 | +0.133% | $60K | $147K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01178 | +1.221% | $14K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1749% | 1h | 0.01168 | +0.438% | $145K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD