Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0527%/8h= +57.7% APRpaid last 24h +0.006%

Price spread now: OKX against tradeXYZ+0.087%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1741.743% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.087%, 7d avg +0.090%

Together, before fees−0.069%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% 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:BX	126.30	−0.0488	get 0.0061% / 1h	51m 33s	$665K	$211K	10x
Short	OKX BX-USDT-SWAP	126.41	0.0039	get 0.0039% / 8h	5h 51m	$164K	$114K	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 +0.087%Rate

Funding earned: $110.62
Price spread: +0.087% → +0.090%: −$0.3
Slippage, 4 orders: −$146.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$63.97
Costs to cover: 1.743%
Break-even: 11.0 days

Slippage from tradeXYZ: live order book, 55 min ago; OKX: live order book, 8 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, 55 min ago	2.77 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 8 min ago	9.10 bp	92.8 bp −$93	doesn't fit	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
tradeXYZ xyz:BXlong	−0.0488%	1h	126.30	long leg	$665K	$211K	10x
Aster BXUSDT	0.0000%	8h	126.27	−0.024%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.33	+0.024%	$485K	$834K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.02	+0.570%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.47	+0.135%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.095%	$898K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.35	+0.038%	$903	$116K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.33	+0.024%	$600	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.40	+0.079%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAPshort	+0.0039%	8h	126.41	+0.087%	$164K	$114K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.850%	$4K	$32K	12x	as long as short
KuCoin BXUSDTM	+0.0585%	8h	126.15	−0.119%	$114K	$1.0M	20x	as long as short
Variational Omni BX	+0.0927%	8h	126.29	−0.005%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.1203%	8h	126.31	+0.010%	$782K	$486K	20x	as long as short