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

BOT

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0414%/8h= +45.4% APRnext payment +$4.14 per $10,000 · paid last 24h −0.119%
Price spread now: Binance against OKX+0.135%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$304as in the Price arb table
costs, in and out, $10k−$3173.174% of the position
Long on OKXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.212%+$21 on $10k
Price spread, last 4 days (all we have)+1.022%+$102 · spread now +0.135%, 7d avg −0.001%
Together, before fees+1.233%+$123 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Binance is 0.136% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.001%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BOT-USDT-SWAP29.330−0.1092get 0.1092% / 8h2h 56m$234K$211K20x
ShortBinance BOTUSDT29.370−0.0678pay 0.0678% / 8h2h 56m$452K$1.2M10x

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

Funding earned
$86.99
Price spread: +0.135% → −0.001%
$13.64
Slippage, 4 orders
−$297.36
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$216.73
Costs to cover
3.174%
Break-even
24.4 days
Slippage from OKX: live order book, 54 min ago; Binance: live order book, 6 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 OKX live order book, 54 min ago10.18 bp132.5 bp −$132doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 6 min ago3.40 bp51.5 bp −$52320.8 bp −$3,208doesn't fitdoesn't fit

BOT on 12 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
tradeXYZ xyz:BOT−0.1202%1h29.321−0.031%$3.1M$771K10xas long as short
OKX BOT-USDT-SWAPlong−0.1092%8h29.330long leg$234K$211K20x
KuCoin BOTUSDTM−0.0919%8h29.350+0.068%$95K$306K20xas long as short
Binance BOTUSDTshort−0.0678%8h29.370+0.135%$452K$1.2M10x
Variational Omni BOT−0.0625%8h29.350+0.068%$31K$14K—as long as short
QFEX BOT-USD−0.0071%1h29.350+0.068%$1.2M$508K10xas long as short
Bybit BOTUSDT0.0000%8h29.350+0.068%$516K$559K25xas long as short
Gate BOT_USDT0.0000%8h29.430+0.341%$255K$230K20xas long as short
Bitget BOTUSDT0.0000%8h29.420+0.307%$246K$121K5xas long as short
Lighter BOT+0.0032%1h29.518+0.641%$68K$1K3xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BOT-USD+0.0040%1h29.320−0.034%$3K$9K5xas long as short
HTX BOT-USDT+0.0100%8h29.390+0.205%$3K$34K10xas long as short