Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%

Price spread now: Binance against OKX−0.077%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on OKX Short on Binance

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)+0.117%+$12 · spread now −0.077%, 7d avg −0.030%

Together, before fees+0.189%+$19 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: Binance is 0.047% cheaper against OKX than usual: you would sell low and buy high, −$5 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	OKX COST-USDT-SWAP	903.18	0	get 0.0000% / 8h	1h 55m	$443K	$122K	10x
Short	Binance COSTUSDT	902.49	0	get 0.0000% / 8h	1h 55m	$1.1M	$1.0M	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 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 OKXbpFee BinancebpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.030%: −$4.67
Slippage, 4 orders: −$30.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.85
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from OKX: live order book, 50 min ago; Binance: live order book, 7 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, 50 min ago	2.27 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.72 bp	12.0 bp −$12	50.1 bp −$501	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	902.74	−0.049%	$45K	$178	20x	as long as short
Binance COSTUSDTshort	0.0000%	8h	902.49	−0.077%	$1.1M	$1.0M	20x
Bybit COSTUSDT	0.0000%	8h	902.84	−0.038%	$491K	$220K	25x	as long as short
OKX COST-USDT-SWAPlong	0.0000%	8h	903.18	long leg	$443K	$122K	10x
Gate COST_USDT	0.0000%	8h	902.33	−0.094%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.64	−0.060%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.39	−0.088%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.50	−0.186%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.60	+0.157%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.44	−0.082%	$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	−1.240%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.546%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.52	−0.073%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.27	−0.101%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.70	−0.164%	$47K	$900K	20x	as long as short