Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against OKX+0.153%7-day average +0.220% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$2902.902% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)+1.197%+$120 · spread now +0.153%, 7d avg +0.220%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.067% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.220%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FWDI-USDT-SWAP | 8.2260 | 0 | get 0.0000% / 8h | 5h 05m | $329K | $257K | 10x |
| Short | Binance FWDIUSDT | 8.2386 | 0 | get 0.0000% / 8h | 5h 05m | $472K | $1.8M | 10x |
OKX FWDI-USDT-SWAP
Binance FWDIUSDTFunding 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
- $0
- Price spread: +0.153% → +0.220%
- −$6.71
- Slippage, 4 orders
- −$270.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$296.91
- Costs to cover
- 2.902%
- Break-even
- never at this rate
Slippage from OKX: live order book, 55 min ago; Binance: live order book, 14 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, 55 min ago | 5.47 bp | 103.8 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 6.66 bp | 68.8 bp −$69 | 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 | −0.0025% | 8h | 8.2630 | +0.450% | $439K | $214K | 5x | as long as short |
| Binance FWDIUSDTshort | 0.0000% | 8h | 8.2386 | +0.153% | $472K | $1.8M | 10x | |
| Bybit FWDIUSDT | 0.0000% | 8h | 8.2280 | +0.024% | $360K | $356K | 25x | as long as short |
| OKX FWDI-USDT-SWAPlong | 0.0000% | 8h | 8.2260 | long leg | $329K | $257K | 10x | |
| QFEX FWDI-USD | 0.0000% | 1h | 8.2500 | +0.292% | $1.1M | $439K | 10x | as long as short |
| Variational Omni FWDI | 0.0000% | 8h | 8.2374 | +0.139% | $115K | $121K | — | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.2280 | +0.024% | $7K | $61K | 10x | as long as short |
Bitget FWDIUSDT
Bybit FWDIUSDT
QFEX FWDI-USD
Variational Omni FWDI
HTX FWDI-USDT