Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.032%
Price spread now: OKX against tradeXYZ+0.086%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.086%, 7d avg +0.065%
=Together, before fees−0.164%+ Points / potential airdroptradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.021% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.065%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 198.06 | 0.0050 | pay 0.0006% / 1h | 43m 15s | $14.7M | $11.6M | 10x |
| Short | OKX COIN-USDT-SWAP | 198.23 | 0 | get 0.0000% / 8h | 5h 43m | $3.1M | $4.4M | 20x |
tradeXYZ xyz:COIN
OKX COIN-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.086% → +0.065%
- $2.09
- Slippage, 4 orders
- −$19.2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$55.61
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; OKX: 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 tradeXYZ live order book, 9 min ago | 1.26 bp | 12.1 bp −$12 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.26 bp | 10.8 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 198.16 | +0.050% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.32 | +0.131% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.22 | +0.080% | $106K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.28 | +0.110% | $14.6M | $75.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.26 | +0.101% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAPshort | 0.0000% | 8h | 198.23 | +0.086% | $3.1M | $4.4M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 198.27 | +0.106% | $1.2M | $6.4M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.33 | +0.136% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.40 | +0.171% | $785K | $935K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.60 | +0.274% | $15K | $3.2M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 198.16 | +0.050% | $1.3M | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.16 | +0.048% | $345K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.17 | +0.056% | $481K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.45 | +0.197% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.09 | +0.015% | — | $275K | 25x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 198.06 | long leg | $14.7M | $11.6M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.04 | −0.010% | $136K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.21 | +0.076% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.97 | −0.045% | $330K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.31 | +0.126% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.31 | +0.126% | $935K | $250K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.36 | +0.151% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.23 | +0.086% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.20 | +0.072% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.23 | +0.086% | $194K | $480K | 20x | as long as short |
| edgeX COINUSDC | +0.0437% | 4h | 198.23 | +0.085% | $51K | $295K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC