Funding you earn now, next payment 08:00 UTC+0.0373%/8h= +40.8% APRnext payment +$3.73 per $10,000 · paid last 24h +0.076%
Price spread now: Binance against OKX+0.045%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1641.642% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 2 days (all we have)−0.014%−$1 · spread now +0.045%, 7d avg +0.030%
=The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.73 per $10,000. 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 | OKX DKNG-USDT-SWAP | 22.090 | 0.0010 | pay 0.0010% / 8h | 3h 30m | $114K | $116K | 20x |
| Short | Binance DKNGUSDT | 22.100 | 0.0383 | get 0.0383% / 8h | 3h 30m | $286K | $633K | 20x |
OKX DKNG-USDT-SWAP
Binance DKNGUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $78.26
- Price spread: +0.045% → +0.030%
- $1.49
- Slippage, 4 orders
- −$144.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$84.5
- Costs to cover
- 1.642%
- Break-even
- 14.6 days
Slippage from OKX: live order book, 20 min ago; Binance: live order book, 17 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, 20 min ago | 4.53 bp | 76.5 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 17 min ago | 4.52 bp | 14.0 bp −$14 | 134.9 bp −$1,349 | doesn't fit | doesn't fit |
DKNG on 12 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 DKNGUSDT | 0.0000% | 8h | 22.104 | +0.062% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDT | 0.0000% | 8h | 22.100 | +0.045% | $81K | $66K | 25x | as long as short |
| Gate DKNG_USDT | 0.0000% | 8h | 22.134 | +0.199% | $110K | $7K | 20x | as long as short |
| Bitget DKNGUSDT | 0.0000% | 8h | 22.066 | −0.109% | $125K | $68K | 20x | as long as short |
| SunX DKNG-USDT | 0.0000% | 8h | 22.100 | +0.045% | $1K | $692K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.130 | +0.181% | $6K | $4K | 10x | as long as short |
| OKX DKNG-USDT-SWAPlong | +0.0010% | 8h | 22.090 | long leg | $114K | $116K | 20x | |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.453% | $707 | $6K | 12x | as long as short |
| KuCoin DKNGUSDTM | +0.0226% | 8h | 22.080 | −0.045% | $89K | $387K | 20x | as long as short |
| Variational Omni DKNG | +0.0310% | 8h | 22.121 | +0.141% | $78K | $51K | — | as long as short |
Aster DKNGUSDT
Bybit DKNGUSDT
Gate DKNG_USDT
Bitget DKNGUSDT
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERP
KuCoin DKNGUSDTM
Variational Omni DKNGShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DKNGUSDTshort | +0.0383% | 8h | 22.100 | +0.045% | $286K | $633K | 20x | |
| tradeXYZ xyz:DKNG | +0.0459% | 1h | 22.138 | +0.217% | $1.8M | $2.1M | 10x | as long as short |
tradeXYZ xyz:DKNG