Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: tradeXYZ against OKX−0.220%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$760.759% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.220%, 7d avg −0.093%

Together, before fees+0.151%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.127% cheaper against OKX than usual: you would sell low and buy high (spread −0.220% now, against its 7-day average of −0.093%). If the spread goes back, that is −$13 on $10k: about 8.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	903.50	0	get 0.0000% / 8h	6h 01m	$444K	$122K	10x
Short	tradeXYZ xyz:COST	901.51	0.0050	get 0.0006% / 1h	1m 54s	$1.8M	$521K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.220%Rate

Funding earned: $10.5
Price spread: −0.220% → −0.093%: −$12.74
Slippage, 4 orders: −$47.89
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$78.12
Costs to cover: 0.759%
Break-even: 59.1 days

Slippage from OKX: live order book, 46 min ago; tradeXYZ: live order book, 9 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, 46 min ago	6.25 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	2.00 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	902.37	−0.125%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.44	−0.117%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.56	−0.104%	$490K	$93K	25x	as long as short
OKX COST-USDT-SWAPlong	0.0000%	8h	903.50	long leg	$444K	$122K	10x
Gate COST_USDT	0.0000%	8h	902.67	−0.092%	$523K	$9K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.23	−0.141%	$411K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.83	−0.074%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.50	−0.221%	$1K	$2.6M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.87	+0.152%	$10K	$40K	10x	as long as short
QFEX COST-USD	+0.0001%	1h	902.30	−0.133%	$1.1M	$2.3M	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.275%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	901.50	−0.221%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.39	−0.234%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	901.51	−0.220%	$1.8M	$521K	20x
KuCoin COSTUSDTM	+0.0100%	8h	902.00	−0.166%	$48K	$1.0M	20x	as long as short