Funding you earn now, next payment 08:00 UTC−0.0666%/8h= −73.0% APRnext payment −$6.66 per $10,000 · paid last 24h +0.103%
Price spread now: Binance against OKX−0.006%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1771.766% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)−0.355%−$35 · spread now −0.006%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Binance is 0.022% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.207% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.66 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 | OKX APP-USDT-SWAP | 328.96 | −0.0263 | get 0.0263% / 8h | 23m 26s | $416K | $380K | 25x |
| Short | Binance APPUSDT | 328.94 | −0.0929 | pay 0.0929% / 8h | 23m 26s | $3.0M | $3.8M | 25x |
OKX APP-USDT-SWAP
Binance APPUSDTFunding 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
- −$139.94
- Price spread: −0.006% → +0.016%
- −$2.17
- Slippage, 4 orders
- −$156.61
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$318.72
- Costs to cover
- 1.766%
- Break-even
- never at this rate
Slippage from OKX: live order book, 12 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, 12 min ago | 6.39 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.15 bp | 24.4 bp −$24 | 86.9 bp −$869 | doesn't fit | doesn't fit |
APP on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APPUSDTshort | −0.0929% | 8h | 328.94 | −0.006% | $3.0M | $3.8M | 25x | |
| OKX APP-USDT-SWAPlong | −0.0263% | 8h | 328.96 | long leg | $416K | $380K | 25x | |
| Gate APP_USDT | 0.0000% | 8h | 328.80 | −0.049% | $772K | $646K | 25x | as long as short |
| Bitget APPUSDT | 0.0000% | 8h | 328.58 | −0.116% | $562K | $551K | 20x | as long as short |
| HTX APP-USDT | 0.0000% | 8h | 328.93 | −0.009% | $9K | $242K | 10x | as long as short |
| Extended APP_24_5-USD | +0.0040% | 1h | 329.79 | +0.254% | $23K | $6K | 10x | as long as short |
Gate APP_USDT
Bitget APPUSDT
HTX APP-USDT
Extended APP_24_5-USD