Funding you earn now, next payment 16:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.133%
Price spread now: Binance against OKX−0.024%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1841.841% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 2 days (all we have)+0.048%+$5 · spread now −0.024%, 7d avg +0.004%
=Funding pays, the price is against you. Binance is 0.027% cheaper against OKX than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.004%). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BX-USDT-SWAP | 126.64 | 0 | get 0.0000% / 8h | 7h 50m | $164K | $115K | 20x |
| Short | Binance BXUSDT | 126.61 | 0.0046 | get 0.0046% / 8h | 7h 50m | $771K | $505K | 20x |
OKX BX-USDT-SWAP
Binance BXUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.58
- Price spread: −0.024% → +0.004%
- −$2.75
- Slippage, 4 orders
- −$164.1
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$177.26
- Costs to cover
- 1.841%
- Break-even
- 136.5 days
Slippage from OKX: live order book, 44 min ago; Binance: live order book, 12 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, 44 min ago | 4.35 bp | 58.5 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.55 bp | 22.5 bp −$22 | 155.4 bp −$1,554 | doesn't fit | doesn't fit |
BX on 14 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 BXUSDT | 0.0000% | 8h | 126.59 | −0.040% | $5K | $868 | 20x | as long as short |
| Bybit BXUSDT | 0.0000% | 8h | 126.74 | +0.079% | $482K | $804K | 25x | as long as short |
| OKX BX-USDT-SWAPlong | 0.0000% | 8h | 126.64 | long leg | $164K | $115K | 20x | |
| QFEX BX-USD | 0.0000% | 1h | 126.44 | −0.158% | $1.1M | $1.4M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.79 | +0.118% | $423K | $24K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.73 | +0.071% | $901K | $27K | 20x | as long as short |
| Variational Omni BX | 0.0000% | 8h | 126.63 | −0.005% | $43K | $12K | — | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.63 | −0.008% | $1K | $305K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.70 | +0.047% | $7K | $4K | 20x | as long as short |
| Binance BXUSDTshort | +0.0046% | 8h | 126.61 | −0.024% | $771K | $505K | 20x |
Aster BXUSDT
Bybit BXUSDT
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
Variational Omni BX
SunX BX-USDT
HTX BX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BXUSDTM | +0.0100% | 8h | 126.63 | −0.008% | $111K | $770K | 20x | as long as short |
| tradeXYZ xyz:BX | +0.0166% | 1h | 126.46 | −0.142% | $666K | $257K | 10x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.74 | +9.555% | $4K | $31K | 12x | as long as short |
| GRVT BX_USDT_Perp | +0.0342% | 8h | 126.67 | +0.024% | $827 | $102K | 10x | as long as short |
KuCoin BXUSDTM
tradeXYZ xyz:BX
Injective BX/USDC PERP
GRVT BX_USDT_Perp