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Funding arb · Price arb /

DKNG

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0981%/8h= +107.4% APRnext payment +$9.81 per $10,000 · paid last 24h +0.094%
Price spread now: Binance against Gate+0.054%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
Long on GateShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.114%+$11 on $10k
Price spread, last 2 days (all we have)+0.001%$0 · spread now +0.054%, 7d avg −0.012%
Together, before fees+0.115%+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Binance is 0.066% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.81 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
LongGate DKNG_USDT22.0680get 0.0000% / 8h7h 38m$111K$5K20x
ShortBinance DKNGUSDT22.0800.0981get 0.0981% / 8h7h 38m$255K$608K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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
$205.92
Price spread: +0.054% → −0.012%
$6.61
Slippage, 4 orders
−$120.98
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
$66.54
Costs to cover
1.460%
Break-even
4.7 days
Slippage from Gate: live order book, 27 min ago; Binance: live order book, 68 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 Gate live order book, 27 min ago29.44 bp38.0 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 68 min ago4.53 bp27.6 bp −$28101.5 bp −$1,015doesn'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%8h22.039−0.133%$1K$11K20xas long as short
Bybit DKNGUSDT0.0000%8h22.030−0.172%$76K$63K25xas long as short
Gate DKNG_USDTlong0.0000%8h22.068long leg$111K$5K20x
Bitget DKNGUSDT0.0000%8h22.022−0.208%$123K$67K20xas long as short
SunX DKNG-USDT0.0000%8h22.060−0.036%$957$697K10xas long as short
HTX DKNG-USDT0.0000%8h22.060−0.036%$6K$3K10xas long as short
Injective DKNG/USDC PERP+0.0033%1h21.990−0.353%$707$6K12xas long as short
OKX DKNG-USDT-SWAP+0.0208%8h22.070+0.009%$114K$111K20xas long as short
Variational Omni DKNG+0.0892%8h22.062−0.029%$63K$37K—as long as short
Binance DKNGUSDTshort+0.0981%8h22.080+0.054%$255K$608K20x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin DKNGUSDTM+0.1388%8h22.060−0.036%$87K$419K20xas long as short
tradeXYZ xyz:DKNG+0.1415%1h22.094+0.118%$1.7M$2.1M10xas long as short