Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h +0.119%
Price spread now: OKX against Binance+0.242%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2582.582% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 2 days (all we have)−0.019%−$2 · spread now +0.242%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.163% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BOTUSDT | 29.698 | −0.1370 | get 0.1370% / 8h | 7h 09m | $457K | $1.2M | 10x |
| Short | OKX BOT-USDT-SWAP | 29.770 | −0.1285 | pay 0.1285% / 8h | 7h 09m | $237K | $235K | 20x |
Binance BOTUSDT
OKX BOT-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.01
- Price spread: +0.242% → +0.079%
- $16.32
- Slippage, 4 orders
- −$238.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$223.89
- Costs to cover
- 2.582%
- Break-even
- 94.0 days
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 61 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 Binance live order book, 9 min ago | 3.37 bp | 59.2 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 61 min ago | 5.12 bp | 68.9 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
BOT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | −0.9989% | 1h | 29.660 | −0.129% | $3K | $9K | 5x | as long as short |
| KuCoin BOTUSDTM | −0.1895% | 8h | 29.710 | +0.040% | $96K | $295K | 20x | as long as short |
| Binance BOTUSDTlong | −0.1370% | 8h | 29.698 | long leg | $457K | $1.2M | 10x | |
| Variational Omni BOT | −0.1343% | 8h | 29.690 | −0.027% | $31K | $21K | — | as long as short |
| OKX BOT-USDT-SWAPshort | −0.1285% | 8h | 29.770 | +0.242% | $237K | $235K | 20x | |
| QFEX BOT-USD | −0.0049% | 1h | 29.690 | −0.028% | $1.2M | $514K | 10x | as long as short |
| Bybit BOTUSDT | 0.0000% | 8h | 29.730 | +0.107% | $476K | $397K | 25x | as long as short |
| Gate BOT_USDT | 0.0000% | 8h | 29.730 | +0.107% | $259K | $243K | 20x | as long as short |
| Bitget BOTUSDT | 0.0000% | 8h | 29.720 | +0.073% | $252K | $139K | 5x | as long as short |
| Lighter BOT | +0.0032% | 1h | 29.823 | +0.420% | $68K | $4K | 3x | as long as short |
Arcus BOT-USD
KuCoin BOTUSDTM
Variational Omni BOT
QFEX BOT-USD
Bybit BOTUSDT
Gate BOT_USDT
Bitget BOTUSDT
Lighter BOTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BOT-USDT | +0.0100% | 8h | 29.713 | +0.050% | $3K | $34K | 10x | as long as short |
| tradeXYZ xyz:BOT | +0.2055% | 1h | 29.691 | −0.024% | $3.2M | $824K | 10x | as long as short |
HTX BOT-USDT
tradeXYZ xyz:BOT