Funding you earn now, next payment 12:00 UTC+0.3179%/8h= +348.0% APRpaid last 24h −0.006%
Price spread now: OKX against Binance−0.008%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1271.269% of the position
Funding, last 7 days+0.426%+$43 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.008%, 7d avg −0.082%
=Both sides work for this trade now. Funding pays +$95 a day on $10k at the current rate, and OKX is 0.074% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.082%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.426% in total (about 22.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CSOPSKHYNIX2LUSDT | 5.2904 | −0.3713 | get 0.1856% / 4h | 3h 26m | $1.1M | $7.1M | 20x |
| Short | OKX CSOPSKHYNIX2L-USDT-SWAP | 5.2900 | −0.0534 | pay 0.0534% / 8h | 7h 26m | $137K | $307K | 10x |
Binance CSOPSKHYNIX2LUSDT
OKX CSOPSKHYNIX2L-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $667.49
- Price spread: −0.008% → −0.082%
- $7.37
- Slippage, 4 orders
- −$106.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $547.92
- Costs to cover
- 1.269%
- Break-even
- 1.3 days
Slippage from Binance: live order book, 12 min ago; OKX: live order book, 4 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, 12 min ago | 0.94 bp | 19.9 bp −$20 | 80.5 bp −$805 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 9.50 bp | 51.3 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
CSOPSKHYNIX2L on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CSOPSKHYNIX2LUSDT | −0.4539% | 8h | 5.2800 | −0.197% | $81K | $144K | 20x | as long as short |
| Binance CSOPSKHYNIX2LUSDTlong | −0.3713% | 4h | 5.2904 | long leg | $1.1M | $7.1M | 20x | |
| BloFin CSOPSKHYNIX2L-USDT | −0.3711% | 4h | 5.2900 | −0.008% | — | $215K | 20x | as long as short |
| MEXC CSOPSKHYNIX2L_USDT | −0.3686% | 4h | 5.2940 | +0.067% | $100K | $97K | 10x | as long as short |
| Gate CSOPSKHYNIX2L_USDT | −0.1122% | 4h | 5.2890 | −0.027% | $94K | $57K | 20x | as long as short |
| OKX CSOPSKHYNIX2L-USDT-SWAPshort | −0.0534% | 8h | 5.2900 | −0.008% | $137K | $307K | 10x | |
| HTX CSOPSKHYNIX2L-USDT | 0.0000% | 4h | 5.2930 | +0.048% | $20K | $344K | 10x | as long as short |
Bybit CSOPSKHYNIX2LUSDT
BloFin CSOPSKHYNIX2L-USDT
MEXC CSOPSKHYNIX2L_USDT
Gate CSOPSKHYNIX2L_USDT
HTX CSOPSKHYNIX2L-USDT