Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.024%
Price spread now: OKX against Arcus+0.025%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 4 days (all we have)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.025%, 7d avg +0.109%
=Funding pays, the price is against you. OKX is 0.084% cheaper against Arcus than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.109%). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BE-USD | 274.73 | 0.0040 | pay 0.0005% / 1h | 52m 13s | $115K | $109K | 10x |
| Short | OKX BE-USDT-SWAP | 274.80 | 0.0139 | get 0.0139% / 8h | 3h 52m | $2.7M | $6.8M | 25x |
Arcus BE-USD
OKX BE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Arcus. 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
- $20.65
- Price spread: +0.025% → +0.109%
- −$8.36
- Slippage, 4 orders
- −$36.17
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$38.38
- Costs to cover
- 0.507%
- Break-even
- 20.0 days
Slippage from Arcus: live order book, 1 min ago; OKX: live order book, 6 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 Arcus live order book, 1 min ago | 4.00 bp | 8.5 bp −$9 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.73 bp | 14.7 bp −$15 | 77.4 bp −$774 | doesn't fit | doesn't fit |
BE 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.83 | +0.035% | $346K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.70 | −0.011% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.74 | +0.004% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.78 | +0.018% | $7K | $163K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.85 | +0.044% | $847 | $2.4M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 274.42 | −0.113% | $7K | $4K | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.92 | +0.069% | $13K | $35K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.38 | −0.127% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.50 | −0.084% | $251K | $290K | 10x | as long as short |
| QFEX BE-USD | +0.0036% | 1h | 274.85 | +0.044% | $1.3M | $2.7M | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDT
Lighter BE
Lighter RH BE
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BE-USD | +0.0040% | 1h | 274.51 | −0.079% | $46K | $260K | 10x | as long as short |
| Arcus BE-USDlong | +0.0040% | 1h | 274.73 | long leg | $115K | $109K | 10x | |
| Binance BEUSDT | +0.0041% | 8h | 274.59 | −0.050% | $8.5M | $36.5M | 25x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.86 | +0.047% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.77 | +0.015% | $5.9M | $2.6M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.08 | −0.601% | $473K | $128K | 10x | as long as short |
| Bybit BEUSDT | +0.0068% | 8h | 274.60 | −0.047% | $2.0M | $1.2M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.87 | +0.051% | $371K | $20K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.57 | −0.057% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAPshort | +0.0139% | 8h | 274.80 | +0.025% | $2.7M | $6.8M | 25x | |
| BloFin BE-USDT | +0.0162% | 8h | 275.00 | +0.098% | $45K | $142K | 20x | as long as short |
Extended BE-USD
Binance BEUSDT
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
Bybit BEUSDT
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT