Settings8H · net · $10k
Funding arb · Price arb /

BE

RWAall BE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.3% APRnext payment +$1.31 per $10,000 · paid last 24h +0.017%
Price spread now: OKX against Binance+0.003%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$550.549% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 2 days (all we have)+0.049%+$5 · spread now +0.003%, 7d avg +0.007%
Together, before fees+0.034%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BEUSDT275.060.0136pay 0.0136% / 8h7h 37m$8.6M$36.4M25x
ShortOKX BE-USDT-SWAP275.070.0266get 0.0266% / 8h7h 37m$2.6M$6.8M25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$27.42
Price spread: +0.003% → +0.007%
−$0.36
Slippage, 4 orders
−$34.91
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$27.85
Costs to cover
0.549%
Break-even
14.1 days
Slippage from Binance: live order book, 4 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago0.91 bp10.2 bp −$1027.9 bp −$27999.1 bp −$9,912doesn't fit
Sell OKX live order book, 5 min ago1.82 bp22.0 bp −$2274.4 bp −$744doesn't fitdoesn't fit

BE on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BEUSDT0.0000%8h274.73−0.120%$346K$119K20xas long as short
Gate BE_USDT0.0000%8h274.80−0.095%$1.5M$3.4M50xas long as short
Bitget BEUSDT0.0000%8h274.86−0.073%$1.7M$2.6M20xas long as short
SunX BE-USDT0.0000%8h274.92−0.051%$976$2.5M10xas long as short
HTX BE-USDT0.0000%8h275.07+0.003%$13K$33K20xas long as short
Lighter BE+0.0032%1h274.89−0.062%10xas long as short
Lighter RH BE+0.0032%1h275.01−0.019%$251K$300K10xas long as short
QFEX BE-USD+0.0037%1h275.05−0.004%$1.3M$3.7M10xas long as short
Arcus BE-USD+0.0040%1h274.93−0.048%$115K$113K10xas long as short
Vest BE-USD-PERP+0.0046%1h274.91−0.055%10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BEUSDT+0.0054%8h275.11+0.018%$2.0M$1.2M25xas long as short
tradeXYZ xyz:BE+0.0100%1h274.90−0.059%$5.9M$2.9M10xas long as short
KuCoin BEUSDTM+0.0100%8h274.85−0.077%$371K$22K20xas long as short
Aevo BE-PERP+0.0104%1h274.90−0.058%10xas long as short
Coinbase International BE-PERP-INTX+0.0128%1h275.39+0.119%$477K$132K10xas long as short
Binance BEUSDTlong+0.0136%8h275.06long leg$8.6M$36.4M25x
Extended BE-USD+0.0136%1h274.97−0.032%$47K$382K10xas long as short
BloFin BE-USDT+0.0252%8h275.21+0.054%$45K$142K20xas long as short
OKX BE-USDT-SWAPshort+0.0266%8h275.07+0.003%$2.6M$6.8M25x
Deribit BE_USDC-PERPETUAL+0.0405%1h275.00−0.022%$7K$4K10xas long as short
GRVT BE_USDT_Perp+0.0684%8h275.22+0.058%$7K$178K10xas long as short