Funding you earn now, next payment 04:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against OKX+0.188%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1261.256% of the position
Funding, last 7 days+0.391%+$39 on $10k
+Price spread, last 7 days−0.158%−$16 · spread now +0.188%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.076% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.112%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX WET-USDT-SWAP | 0.07150 | 0.0100 | pay 0.0050% / 4h | 47m 46s | $811K | $3.6M | 20x |
| Short | Binance WETUSDT | 0.07163 | 0.0227 | get 0.0113% / 4h | 47m 46s | $1.4M | $5.1M | 50x |
OKX WET-USDT-SWAP
Binance WETUSDTFunding 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
- $26.61
- Price spread: +0.188% → +0.112%
- $7.63
- Slippage, 4 orders
- −$105.62
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$91.38
- Costs to cover
- 1.256%
- Break-even
- 31.0 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago | 3.51 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.51 bp | 29.9 bp −$30 | 170.2 bp −$1,702 | doesn't fit | doesn't fit |
WET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin WET-USDT | +0.0076% | 4h | 0.07161 | +0.154% | $89K | $11K | 50x | as long as short |
| Bybit WETUSDT | +0.0100% | 4h | 0.07149 | −0.014% | $1.6M | $1.5M | 50x | as long as short |
| OKX WET-USDT-SWAPlong | +0.0100% | 4h | 0.07150 | long leg | $811K | $3.6M | 20x | |
| Gate WET_USDT | +0.0100% | 8h | 0.07180 | +0.420% | $1.1M | $80K | 50x | as long as short |
| KuCoin WETUSDTM | +0.0100% | 4h | 0.07167 | +0.238% | $697K | $737K | 50x | as long as short |
| Bitget WETUSDT | +0.0100% | 4h | 0.07153 | +0.042% | $595K | $184K | 25x | as long as short |
| Binance WETUSDTshort | +0.0227% | 4h | 0.07163 | +0.188% | $1.4M | $5.1M | 50x | |
| MEXC WET_USDT | +0.0228% | 4h | 0.07161 | +0.154% | $178K | $166K | 50x | as long as short |
| BingX WET-USDT | +0.0246% | 4h | 0.07158 | +0.112% | — | $6.6M | — | as long as short |
| Aster WETUSDT | +0.0785% | 4h | 0.07169 | +0.263% | $15K | $35K | 5x | as long as short |
BloFin WET-USDT
Bybit WETUSDT
Gate WET_USDT
KuCoin WETUSDTM
Bitget WETUSDT
MEXC WET_USDT
BingX WET-USDT
Aster WETUSDT