Funding you earn now, next payment 09:00 UTC+0.0341%/8h= +37.3% APRpaid last 24h −0.053%
Price spread now: OKX against tradeXYZ+0.130%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.130%, 7d avg +0.080%
=Together, before fees−0.017%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.050% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.080%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAOI | 107.78 | 0.0050 | pay 0.0006% / 1h | 59m 13s | $1.9M | $1.6M | 10x |
| Short | OKX AAOI-USDT-SWAP | 107.92 | 0.0391 | get 0.0391% / 8h | 7h 59m | $5.0M | $20.5M | 20x |
tradeXYZ xyz:AAOI
OKX AAOI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against tradeXYZ. 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
- $71.59
- Price spread: +0.130% → +0.080%
- $5.02
- Slippage, 4 orders
- −$21.21
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $27.4
- Costs to cover
- 0.492%
- Break-even
- 4.3 days
Slippage from tradeXYZ: live order book, 8 min ago; OKX: live order book, 4 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 tradeXYZ live order book, 8 min ago | 1.39 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.39 bp | 7.2 bp −$7 | 120.1 bp −$1,201 | doesn't fit | doesn't fit |
AAOI on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAOIUSDT | −0.1229% | 8h | 108.16 | +0.353% | $3.2M | $3.8M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 107.91 | +0.121% | $40K | $37K | 20x | as long as short |
| Extended AAOI-USD | 0.0000% | 1h | 107.81 | +0.032% | $17K | $228K | 10x | as long as short |
| Binance AAOIUSDT | 0.0000% | 8h | 107.76 | −0.016% | $14.8M | $45.5M | 20x | as long as short |
| Bybit AAOIUSDT | 0.0000% | 8h | 107.96 | +0.167% | $1.7M | $2.8M | 25x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 107.83 | +0.046% | $3.7M | $12.4M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 107.75 | −0.027% | $115K | $153K | — | as long as short |
| GRVT AAOI_USDT_Perp | 0.0000% | 8h | 107.88 | +0.094% | $680 | $113K | 10x | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 107.97 | +0.176% | $1K | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 107.69 | −0.084% | $23K | $47K | 20x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Extended AAOI-USD
Binance AAOIUSDT
Bybit AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
GRVT AAOI_USDT_Perp
SunX AAOI-USDT
HTX AAOI-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin AAOI-USDT | +0.0015% | 8h | 107.80 | +0.019% | $278K | $66K | 20x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 107.83 | +0.046% | — | — | 10x | as long as short |
| QFEX AAOI-USD | +0.0045% | 1h | 107.90 | +0.111% | $1.1M | $1.8M | 10x | as long as short |
| Popdex AAOIUSDT | +0.0048% | 1h | 107.85 | +0.065% | $944 | $108K | 20x | as long as short |
| tradeXYZ xyz:AAOIlong | +0.0050% | 1h | 107.78 | long leg | $1.9M | $1.6M | 10x | |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 107.92 | +0.130% | $444K | $228K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 107.83 | +0.046% | $1K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 107.81 | +0.029% | — | — | 10x | as long as short |
| OKX AAOI-USDT-SWAPshort | +0.0391% | 8h | 107.92 | +0.130% | $5.0M | $20.5M | 20x | |
| edgeX AAOIUSDC | +0.0996% | 4h | 107.87 | +0.087% | $12K | $265K | 10x | as long as short |
| Paragon para:AAOI | +0.1592% | 1h | 107.52 | −0.239% | $225K | $721K | 10x | as long as short |
BloFin AAOI-USDT
Lighter AAOI
QFEX AAOI-USD
Popdex AAOIUSDT
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
edgeX AAOIUSDC
Paragon para:AAOI