Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1124%/8h= −123.1% APRpaid last 24h −0.324%

Price spread now: OKX against tradeXYZ+0.237%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3473.472% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)−0.464%−$46 · spread now +0.237%, 7d avg +0.045%

Together, before fees−0.604%+ Points / potential airdroptradeXYZ: Active · farm board−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.192% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.237% now, against its 7-day average of +0.045%): +$19 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.141% in total) that is about 9.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BOT	29.510	0.0393	pay 0.0049% / 1h	2m 28s	$3.1M	$803K	10x
Short	OKX BOT-USDT-SWAP	29.580	−0.0731	pay 0.0731% / 8h	5h 02m	$236K	$225K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against tradeXYZ. 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 tradeXYZbpFee OKXbpOrdersPrice spread, now +0.237%Rate

Funding earned: −$236.01
Price spread: +0.237% → +0.045%: $19.18
Slippage, 4 orders: −$319.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$564.05
Costs to cover: 3.472%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; OKX: live order book, 58 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 tradeXYZ live order book, 5 min ago	8.13 bp	77.9 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 58 min ago	8.46 bp	111.4 bp −$111	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
KuCoin BOTUSDTM	−0.1359%	8h	29.550	+0.136%	$95K	$287K	20x	as long as short
Variational Omni BOT	−0.1033%	8h	29.539	+0.099%	$31K	$21K	—	as long as short
Binance BOTUSDT	−0.1031%	8h	29.510	0.000%	$454K	$1.2M	10x	as long as short
OKX BOT-USDT-SWAPshort	−0.0731%	8h	29.580	+0.237%	$236K	$225K	20x
QFEX BOT-USD	−0.0160%	1h	29.520	+0.034%	$1.1M	$530K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.500	−0.034%	$512K	$534K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.570	+0.203%	$256K	$242K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.570	+0.203%	$248K	$121K	5x	as long as short
Lighter BOT	+0.0032%	1h	29.686	+0.596%	$68K	$1K	3x	as long as short
Arcus BOT-USD	+0.0040%	1h	29.490	−0.068%	$3K	$9K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BOT-USDT	+0.0100%	8h	29.554	+0.149%	$3K	$34K	10x	as long as short
tradeXYZ xyz:BOTlong	+0.0393%	1h	29.510	long leg	$3.1M	$803K	10x