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Funding arb · Price arb /

DKNG

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0794%/8h= +86.9% APRnext payment +$7.94 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.018%7-day average +0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1361.364% of the position
Long on BitgetShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 2 days (all we have)+0.205%+$21 · spread now −0.018%, 7d avg +0.101%
Together, before fees+0.225%+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.120% cheaper against Bitget than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.101%). If the spread goes back, that is −$12 on $10k: about 12 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.020% in total) that is about 42 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget DKNGUSDT22.0440get 0.0000% / 8h1h 21m$123K$87K20x
ShortBinance DKNGUSDT22.0400.0794get 0.0794% / 8h1h 21m$256K$635K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Funding earned
$166.73
Price spread: −0.018% → +0.101%
−$11.96
Slippage, 4 orders
−$114.37
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
$18.4
Costs to cover
1.364%
Break-even
6.2 days
Slippage from Bitget: live order book, 52 min ago; Binance: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 52 min ago14.97 bp23.6 bp −$2448.1 bp −$481doesn't fitdoesn't fit
Sell Binance live order book, 40 min ago4.53 bp31.9 bp −$32142.7 bp −$1,427doesn't fitdoesn't fit

DKNG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DKNGUSDT0.0000%8h22.035−0.039%$1K$11K20xas long as short
Bybit DKNGUSDT0.0000%8h22.040−0.018%$76K$65K25xas long as short
Gate DKNG_USDT0.0000%8h22.090+0.209%$121K$3K20xas long as short
Bitget DKNGUSDTlong0.0000%8h22.044long leg$123K$87K20x
SunX DKNG-USDT0.0000%8h22.050+0.027%$333$722K10xas long as short
HTX DKNG-USDT0.0000%8h22.040−0.018%$6K$3K10xas long as short
Injective DKNG/USDC PERP+0.0033%1h21.990−0.245%$707$6K12xas long as short
OKX DKNG-USDT-SWAP+0.0097%8h22.030−0.064%$113K$116K20xas long as short
KuCoin DKNGUSDTM+0.0660%8h22.080+0.163%$88K$399K20xas long as short
Variational Omni DKNG+0.0712%8h22.067+0.105%$63K$38K—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DKNGUSDTshort+0.0794%8h22.040−0.018%$256K$635K20x
tradeXYZ xyz:DKNG+0.0925%1h22.050+0.027%$1.7M$2.1M10xas long as short