Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.001%
Price spread now: OKX against BingX−0.039%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1251.254% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.039%, 7d avg +0.001%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.039% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX YGG-USDT | 0.02581 | 0.0100 | pay 0.0050% / 4h | 2h 25m | — | $2.4M | — |
| Short | OKX YGG-USDT-SWAP | 0.02580 | 0.0084 | get 0.0042% / 4h | 2h 25m | $989K | $891K | 10x |
BingX YGG-USDT
OKX YGG-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
- −$3.26
- Price spread: −0.039% → +0.001%
- −$3.93
- Slippage, 4 orders
- −$105.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$132.55
- Costs to cover
- 1.254%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 60 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, 4 min ago | 13.60 bp | 41.7 bp −$42 | 109.6 bp −$1,096 | doesn't fit | doesn't fit |
| Sell OKX live order book, 60 min ago | 1.93 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
YGG on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_YGGUSD | −0.1458% | 1h | 0.02580 | −0.027% | $12K | $3K | 10x | as long as short |
| OKX YGG-USDT-SWAPshort | +0.0084% | 4h | 0.02580 | −0.039% | $989K | $891K | 10x | |
| Hyperliquid YGG | +0.0100% | 1h | 0.02583 | +0.093% | $186K | $164K | 3x | as long as short |
| Aster YGGUSDT | +0.0100% | 4h | 0.02583 | +0.077% | $2K | $1K | 5x | as long as short |
| Binance YGGUSDT | +0.0100% | 4h | 0.02583 | +0.077% | $2.0M | $2.0M | 50x | as long as short |
| Bybit YGGUSDT | +0.0100% | 4h | 0.02583 | +0.077% | $603K | $469K | 25x | as long as short |
| Gate YGG_USDT | +0.0100% | 4h | 0.02583 | +0.077% | $298K | $634K | 20x | as long as short |
| MEXC YGG_USDT | +0.0100% | 4h | 0.02584 | +0.116% | $969K | $345K | 50x | as long as short |
| KuCoin YGGUSDTM | +0.0100% | 4h | 0.02583 | +0.077% | $207K | $53K | 30x | as long as short |
| Bitget YGGUSDT | +0.0100% | 4h | 0.02585 | +0.155% | $549K | $150K | 50x | as long as short |
Kraken Futures PF_YGGUSD
Hyperliquid YGG
Aster YGGUSDT
Binance YGGUSDT
Bybit YGGUSDT
Gate YGG_USDT
MEXC YGG_USDT
KuCoin YGGUSDTM
Bitget YGGUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX YGG-USDTlong | +0.0100% | 4h | 0.02581 | long leg | — | $2.4M | — | |
| Variational Omni YGG | +0.0100% | 4h | 0.02574 | −0.256% | $2K | $1 | — | as long as short |
Variational Omni YGG