Funding you earn now, next payment 08:00 UTC−0.0425%/8h= −46.6% APRnext payment −$4.25 per $10,000 · paid last 24h −0.051%
Price spread now: OKX against Binance+0.026%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$630.633% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 2 days (all we have)−0.025%−$3 · spread now +0.026%, 7d avg +0.002%
=The price spread pays, funding is against you. OKX is 0.024% dearer against Binance than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of +0.002%): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.009% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.25 per $10,000. 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 | Binance AMATUSDT | 469.62 | 0.0431 | pay 0.0431% / 8h | 7h 30m | $8.9M | $12.6M | 20x |
| Short | OKX AMAT-USDT-SWAP | 469.74 | 0.0006 | get 0.0006% / 8h | 7h 30m | $1.4M | $1.6M | 20x |
Binance AMATUSDT
OKX AMAT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$89.35
- Price spread: +0.026% → +0.002%
- $2.42
- Slippage, 4 orders
- −$43.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$150.19
- Costs to cover
- 0.633%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; OKX: live order book, 2 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 Binance live order book, 10 min ago | 0.64 bp | 12.8 bp −$13 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.98 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
AMAT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster AMATUSDT | 0.0000% | 8h | 469.31 | −0.065% | $10K | $11K | 20x | as long as short |
| Bybit AMATUSDT | 0.0000% | 8h | 469.50 | −0.025% | $909K | $649K | 25x | as long as short |
| Bitget AMATUSDT | 0.0000% | 8h | 469.37 | −0.053% | $2.1M | $1.7M | 20x | as long as short |
| GRVT AMAT_USDT_Perp | 0.0000% | 8h | 468.79 | −0.176% | $94 | $96K | 10x | as long as short |
| OKX AMAT-USDT-SWAPshort | +0.0006% | 8h | 469.74 | +0.026% | $1.4M | $1.6M | 20x | |
| Vest AMAT-USD-PERP | +0.0046% | 1h | 469.09 | −0.112% | — | — | 10x | as long as short |
| KuCoin AMATUSDTM | +0.0100% | 8h | 468.93 | −0.146% | $411K | $453K | 20x | as long as short |
| SunX AMAT-USDT | +0.0100% | 8h | 469.07 | −0.116% | $1K | $378K | 10x | as long as short |
| HTX AMAT-USDT | +0.0100% | 8h | 470.49 | +0.186% | $171K | $40K | 20x | as long as short |
| Gate AMAT_USDT | +0.0156% | 8h | 469.40 | −0.046% | $1.8M | $6.4M | 50x | as long as short |
Aster AMATUSDT
Bybit AMATUSDT
Bitget AMATUSDT
GRVT AMAT_USDT_Perp
Vest AMAT-USD-PERP
KuCoin AMATUSDTM
SunX AMAT-USDT
HTX AMAT-USDT
Gate AMAT_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:AMAT | +0.0192% | 1h | 469.56 | −0.012% | $2.7M | $2.3M | 10x | as long as short |
| Phoenix AMAT | +0.0292% | 1h | 468.81 | −0.172% | $19K | $131K | 10x | as long as short |
| Variational Omni AMAT | +0.0364% | 8h | 469.47 | −0.032% | $87K | $24K | — | as long as short |
| BloFin AMAT-USDT | +0.0404% | 8h | 469.49 | −0.027% | $110K | $82K | 20x | as long as short |
| Binance AMATUSDTlong | +0.0431% | 8h | 469.62 | long leg | $8.9M | $12.6M | 20x | |
| Extended AMAT-USD | +0.0432% | 1h | 469.49 | −0.028% | $5K | $27K | 10x | as long as short |
tradeXYZ xyz:AMAT
Phoenix AMAT
Variational Omni AMAT
BloFin AMAT-USDT
Extended AMAT-USD