Funding you earn now, next payment 04:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.094%
Price spread now: tradeXYZ against OKX−0.125%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1571.575% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.125%, 7d avg 0.000%
=Together, before fees+0.378%+ Points / potential airdroptradeXYZ: Active · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.125% cheaper against OKX than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of 0.000%). If the spread goes back, that is −$13 on $10k: about 29 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.229% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 12.0% 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 | OKX BB-USDT-SWAP | 8.6340 | 0.0386 | pay 0.0386% / 8h | 4h 13m | $221K | $527K | 20x |
| Short | tradeXYZ xyz:BB | 8.6232 | 0.0734 | get 0.0092% / 1h | 13m 01s | $10.8M | $3.5M | 10x |
OKX BB-USDT-SWAP
tradeXYZ xyz:BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $73.14
- Price spread: −0.125% → 0.000%
- −$12.53
- Slippage, 4 orders
- −$129.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$96.85
- Costs to cover
- 1.575%
- Break-even
- 16.3 days
Slippage from OKX: live order book, 43 min ago; tradeXYZ: 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, 43 min ago | 8.12 bp | 61.4 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 2.49 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
BB on 9 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 BBSTOCKUSDT | 0.0000% | 8h | 8.6070 | −0.313% | $49K | $23K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.741% | — | $1K | 10x | as long as short |
| QFEX BB-USD | +0.0080% | 1h | 8.6100 | −0.278% | $1.1M | $235K | 10x | as long as short |
| OKX BB-USDT-SWAPlong | +0.0386% | 8h | 8.6340 | long leg | $221K | $527K | 20x | |
| Ondo Perps BB-USD.P | +0.0432% | 1h | 8.6089 | −0.291% | $469K | $438K | 10x | as long as short |
| MEXC BBSTOCK_USDT | +0.0648% | 8h | 8.6000 | −0.394% | $312K | $108K | 50x | as long as short |
| tradeXYZ xyz:BBshort | +0.0734% | 1h | 8.6232 | −0.125% | $10.8M | $3.5M | 10x | |
| Extended BB-USD | +0.0736% | 1h | 8.6214 | −0.146% | $9K | $21K | 10x | as long as short |
| Lighter BB | +0.1328% | 1h | 8.6306 | −0.039% | $189K | $142K | 10x | as long as short |
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
QFEX BB-USD
Ondo Perps BB-USD.P
MEXC BBSTOCK_USDT
Extended BB-USD
Lighter BB