COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.08 per $10,000 · paid last 24h −0.054%

Price spread now: OKX against Binance−0.043%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.043%, 7d avg +0.030%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.073% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	901.08	0	get 0.0000% / 8h	3h 23m	$1.1M	$943K	20x
Short	OKX COST-USDT-SWAP	900.69	0.0008	get 0.0008% / 8h	3h 23m	$441K	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $1.63
Price spread: −0.043% → +0.030%: −$7.33
Slippage, 4 orders: −$40.7
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.39
Costs to cover: 0.607%
Break-even: 291.3 days

Slippage from Binance: live order book, 9 min ago; OKX: live order book, 27 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 Binance live order book, 9 min ago	0.11 bp	12.1 bp −$12	47.7 bp −$477	doesn't fit	doesn't fit
Sell OKX live order book, 27 min ago	3.67 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	900.81	−0.030%	$45K	$178	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	901.08	long leg	$1.1M	$943K	20x
Bybit COSTUSDT	0.0000%	8h	901.13	+0.006%	$491K	$220K	25x	as long as short
Gate COST_USDT	0.0000%	8h	900.62	−0.051%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	900.21	−0.096%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	900.32	−0.084%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.60	−0.164%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.45	+0.152%	$10K	$42K	10x	as long as short
OKX COST-USDT-SWAPshort	+0.0008%	8h	900.69	−0.043%	$441K	$116K	10x
QFEX COST-USD	+0.0009%	1h	900.68	−0.044%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.010%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.314%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	900.41	−0.074%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.77	−0.034%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.20	−0.097%	$47K	$889K	20x	as long as short