Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h −0.045%
Price spread now: OKX against Binance−0.174%7-day average −0.212% · you buy dearer than you sell
Net, funding: paid 7d − costs−$338as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$3153.151% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 4 days (all we have)−0.955%−$95 · spread now −0.174%, 7d avg −0.212%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.038% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.212%. Mind the row above: over the last 7 days funding on this pair cost −0.231%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FWDIUSDT | 8.0390 | −0.0400 | get 0.0400% / 8h | 50m 38s | $451K | $1.5M | 10x |
| Short | OKX FWDI-USDT-SWAP | 8.0250 | −0.0373 | pay 0.0373% / 8h | 50m 38s | $318K | $243K | 10x |
Binance FWDIUSDT
OKX FWDI-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
- $5.77
- Price spread: −0.174% → −0.212%
- $3.82
- Slippage, 4 orders
- −$295.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$305.56
- Costs to cover
- 3.151%
- Break-even
- 377.9 days
Slippage from Binance: live order book, 12 min ago; OKX: live order book, 50 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 | 5.60 bp | 33.7 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 50 min ago | 6.23 bp | 88.9 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
FWDI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget FWDIUSDT | −0.0878% | 8h | 8.0510 | +0.149% | $428K | $185K | 5x | as long as short |
| Binance FWDIUSDTlong | −0.0400% | 8h | 8.0390 | long leg | $451K | $1.5M | 10x | |
| OKX FWDI-USDT-SWAPshort | −0.0373% | 8h | 8.0250 | −0.174% | $318K | $243K | 10x | |
| Variational Omni FWDI | −0.0082% | 8h | 8.0339 | −0.063% | $114K | $955 | — | as long as short |
| Bybit FWDIUSDT | 0.0000% | 8h | 8.0390 | 0.000% | $359K | $300K | 25x | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0560 | +0.211% | $7K | $62K | 10x | as long as short |
| QFEX FWDI-USD | +0.0050% | 1h | 8.0200 | −0.236% | $1.1M | $352K | 10x | as long as short |
Bitget FWDIUSDT
Variational Omni FWDI
Bybit FWDIUSDT
HTX FWDI-USDT
QFEX FWDI-USD