Funding you earn now, next payment 08:00 UTC+0.0292%/8h= +32.0% APRnext payment +$2.92 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX−0.053%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1431.434% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.053%, 7d avg +0.043%
=Funding pays, the price is against you. Binance is 0.096% cheaper against OKX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.043%). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.108% in total) that is about 6.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.92 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 GEV-USDT-SWAP | 949.37 | 0 | get 0.0000% / 8h | 3h 27m | $610K | $186K | 25x |
| Short | Binance GEVUSDT | 948.87 | 0.0292 | get 0.0292% / 8h | 3h 27m | $1.5M | $708K | 25x |
OKX GEV-USDT-SWAP
Binance GEVUSDTFunding 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
- $61.29
- Price spread: −0.053% → +0.043%
- −$9.64
- Slippage, 4 orders
- −$123.43
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$91.77
- Costs to cover
- 1.434%
- Break-even
- 17.5 days
Slippage from OKX: live order book, 23 min ago; Binance: live order book, 5 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, 23 min ago | 4.05 bp | 39.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.84 bp | 48.5 bp −$49 | 147.3 bp −$1,473 | doesn't fit | doesn't fit |
GEV on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GEVUSDT | 0.0000% | 8h | 947.37 | −0.211% | $314K | $229K | 25x | as long as short |
| OKX GEV-USDT-SWAPlong | 0.0000% | 8h | 949.37 | long leg | $610K | $186K | 25x | |
| Gate GEV_USDT | 0.0000% | 8h | 950.00 | +0.066% | $294K | $18K | 20x | as long as short |
| Bitget GEVUSDT | 0.0000% | 8h | 950.49 | +0.118% | $492K | $93K | 20x | as long as short |
| HTX GEV-USDT | 0.0000% | 8h | 949.49 | +0.013% | $9K | $37K | 10x | as long as short |
| Lighter GEV | +0.0032% | 1h | 949.30 | −0.007% | $3K | $750 | 10x | as long as short |
| Binance GEVUSDTshort | +0.0292% | 8h | 948.87 | −0.053% | $1.5M | $708K | 25x | |
| tradeXYZ xyz:GEV | +0.0387% | 1h | 947.49 | −0.198% | $584K | $151K | 10x | as long as short |
Bybit GEVUSDT
Gate GEV_USDT
Bitget GEVUSDT
HTX GEV-USDT
Lighter GEV
tradeXYZ xyz:GEV