BE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0169%/8h= −18.5% APRnext payment −$1.69 per $10,000 · paid last 24h +0.025%

Price spread now: Binance against OKX−0.125%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 2 days (all we have)+0.073%+$7 · spread now −0.125%, 7d avg −0.009%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.116% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	275.36	0.0253	pay 0.0253% / 8h	7h 58m	$2.6M	$6.9M	25x
Short	Binance BEUSDT	275.02	0.0084	get 0.0084% / 8h	7h 58m	$8.6M	$36.9M	25x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now −0.125%Rate

Funding earned: −$35.52
Price spread: −0.125% → −0.009%: −$11.61
Slippage, 4 orders: −$21.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$88.72
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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, 4 min ago	2.01 bp	9.9 bp −$10	76.2 bp −$762	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.55 bp	10.1 bp −$10	26.3 bp −$263	96.9 bp −$9,686	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	274.54	−0.296%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	275.07	−0.105%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.40	−0.349%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.77	−0.214%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.58	−0.283%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.26	−0.399%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	275.00	−0.131%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.13	−0.084%	$251K	$298K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.01	−0.490%	$114K	$120K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.98	−0.501%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0073%	1h	273.77	−0.577%	$1.3M	$3.9M	10x	as long as short
Binance BEUSDTshort	+0.0084%	8h	275.02	−0.125%	$8.6M	$36.9M	25x
Extended BE-USD	+0.0088%	1h	274.73	−0.227%	$46K	$266K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.45	−0.330%	$370K	$22K	20x	as long as short
GRVT BE_USDT_Perp	+0.0103%	8h	274.27	−0.395%	$6K	$182K	10x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.24	−0.407%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	273.32	−0.741%	$467K	$116K	10x	as long as short
BloFin BE-USDT	+0.0204%	8h	274.49	−0.316%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAPlong	+0.0253%	8h	275.36	long leg	$2.6M	$6.9M	25x
tradeXYZ xyz:BE	+0.0340%	1h	274.27	−0.396%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.1682%	1h	274.80	−0.203%	$7K	$4K	10x	as long as short