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Funding arb · Price arb /

EWT

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0314%/8h= −34.3% APRnext payment −$3.14 per $10,000 · paid last 24h +0.009%
Price spread now: OKX against Binance+0.086%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1801.796% of the position
Long on BinanceShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.081%+$8 on $10k
Price spread, last 2 days (all we have)−0.077%−$8 · spread now +0.086%, 7d avg +0.007%
Together, before fees+0.005%$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.079% dearer against Binance than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.007%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.14 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
LongBinance EWTUSDT115.920.0314pay 0.0314% / 8h7h 54m$468K$887K20x
ShortOKX EWT-USDT-SWAP116.020get 0.0000% / 8h7h 54m$176K$180K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$65.85
Price spread: +0.086% → +0.007%
$7.91
Slippage, 4 orders
−$159.63
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$237.57
Costs to cover
1.796%
Break-even
never at this rate
Slippage from Binance: live order book, 53 min ago; OKX: live order book, 16 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 Binance live order book, 53 min ago0.43 bp11.8 bp −$1299.1 bp −$991doesn't fitdoesn't fit
Sell OKX live order book, 16 min ago5.18 bp57.6 bp −$58doesn't fitdoesn't fitdoesn't fit

EWT 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
tradeXYZ xyz:EWT−0.0044%1h115.89−0.026%$684K$206K20xas long as short
Aster EWTUSDT0.0000%8h115.96+0.036%$3K$7620xas long as short
Bybit EWTUSDT0.0000%8h115.91−0.009%$223K$146K25xas long as short
OKX EWT-USDT-SWAPshort0.0000%8h116.02+0.086%$176K$180K20x
Gate EWT_USDT0.0000%8h115.87−0.043%$44K$4K25xas long as short
Bitget EWTUSDT0.0000%8h115.85−0.060%$1.3M$540K20xas long as short
GRVT EWT_USDT_Perp0.0000%8h115.80−0.104%$3K$205K10xas long as short
SunX EWT-USDT0.0000%8h115.89−0.026%$1K$375K10xas long as short
HTX EWT-USDT0.0000%8h115.61−0.267%$16K$8K10xas long as short
Variational Omni EWT+0.0151%8h115.79−0.108%$55K$15K—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance EWTUSDTlong+0.0314%8h115.92long leg$468K$887K20x
MEXC EWT_USDT+0.0317%8h115.88−0.035%$2.4M$95K50xas long as short