Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: Binance against OKX−0.010%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 2 days (all we have)+0.010%+$1 · spread now −0.010%, 7d avg −0.014%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 202.04 | 0 | get 0.0000% / 8h | 25m 03s | $3.3M | $4.7M | 20x |
| Short | Binance COINUSDT | 202.02 | 0 | get 0.0000% / 8h | 25m 03s | $15.6M | $76.6M | 20x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.010% → −0.014%
- $0.43
- Slippage, 4 orders
- −$17.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.53
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 2 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, 3 min ago | 1.98 bp | 12.0 bp −$12 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.25 bp | 7.4 bp −$7 | 13.2 bp −$132 | 48.5 bp −$4,848 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.48 | −0.277% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.05 | +0.006% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.97 | −0.033% | $119K | $446K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 202.02 | −0.010% | $15.6M | $76.6M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 202.03 | −0.005% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 202.04 | long leg | $3.3M | $4.7M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 202.02 | −0.010% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.02 | −0.009% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.04 | +0.001% | $12K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0012% | 8h | 202.05 | +0.005% | $6.9M | $10.1M | 20x | as long as short |
Show all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 201.94 | −0.049% | $1.4M | $4.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.02 | −0.010% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.12 | +0.040% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.83 | −0.104% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.94 | −0.049% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.01 | −0.015% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.80 | −0.119% | $358K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.09 | +0.025% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.96 | −0.040% | $91K | $328K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.01 | −0.015% | $584 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 202.01 | −0.013% | $377K | $2.0M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.97 | −0.032% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.97 | −0.035% | $200K | $342K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0182% | 1h | 201.98 | −0.030% | $16.6M | $13.2M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.05 | +0.005% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0527% | 4h | 201.92 | −0.060% | $52K | $295K | 10x | as long as short |
OKX COIN-USDT-SWAP
Binance COINUSDT
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDT
Lighter RH COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Lighter COIN
BloFin COIN-USDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC