Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h +0.012%
Price spread now: OKX against Binance−0.020%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.020%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GOOGLUSDT | 358.05 | 0.0104 | pay 0.0104% / 8h | 3h 21m | $72.4M | $142.3M | 50x |
| Short | OKX GOOGL-USDT-SWAP | 357.98 | 0.0084 | get 0.0084% / 8h | 3h 21m | $13.8M | $12.5M | 50x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.19
- Price spread: −0.020% → +0.001%
- −$2.08
- Slippage, 4 orders
- −$2.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$28.92
- Costs to cover
- 0.226%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago | 0.14 bp | 5.7 bp −$6 | 7.4 bp −$74 | 20.9 bp −$2,091 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.14 bp | 5.5 bp −$5 | 10.9 bp −$109 | doesn't fit | doesn't fit |
GOOGL on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOOGL-PERP | −0.0008% | 1h | 357.79 | −0.073% | $33K | — | 20x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 357.91 | −0.040% | $3.6M | $7.4M | 100x | as long as short |
| Bitget GOOGLUSDT | 0.0000% | 8h | 358.05 | 0.000% | $17.5M | $9.6M | 100x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.96 | −0.026% | $2K | $4.1M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 357.61 | −0.123% | $24K | $155K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 358.00 | −0.014% | $115K | $218K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 358.02 | −0.009% | $2.7M | $85K | 10x | as long as short |
| Nado GOOGL-PERP | +0.0012% | 1h | 357.72 | −0.093% | $558K | $86K | 20x | as long as short |
| Coinbase International GOOGL-PERP-INTX | +0.0016% | 1h | 357.67 | −0.107% | $522K | $1.1M | 10x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0022% | 1h | 357.67 | −0.108% | $144K | $47K | 10x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT GOOGL_USDT_Perp | +0.0024% | 8h | 357.91 | −0.040% | $23K | $442K | 10x | as long as short |
| Variational Omni GOOGL | +0.0025% | 8h | 357.78 | −0.076% | $4.8M | $2.4M | — | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 357.98 | −0.020% | $1.3M | $2.1M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | −0.260% | $128K | $45K | 30x | as long as short |
| Arcus GOOGL-USD | +0.0040% | 1h | 357.65 | −0.112% | $208K | $279K | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.94 | −0.031% | — | $5K | 25x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 357.79 | −0.073% | $99.3M | $20.6M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.74 | −0.087% | $686K | $429K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.77 | −0.079% | $150 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 357.58 | −0.132% | $2.3M | $4.9M | 15x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0058% | 8h | 357.91 | −0.038% | $293 | $253 | 5x | as long as short |
| QFEX GOOGL-USD | +0.0064% | 1h | 357.92 | −0.037% | $1.3M | $4.2M | 10x | as long as short |
| OKX GOOGL-USDT-SWAPshort | +0.0084% | 8h | 357.98 | −0.020% | $13.8M | $12.5M | 50x | |
| Aster GOOGLUSDT | +0.0084% | 8h | 357.79 | −0.074% | $366K | $426K | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.93 | −0.034% | $42K | $41K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 357.47 | −0.162% | $3.0M | $103K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.66 | −0.109% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.79 | −0.073% | $10K | $11K | 20x | as long as short |
| Binance GOOGLUSDTlong | +0.0104% | 8h | 358.05 | long leg | $72.4M | $142.3M | 50x | |
| Extended GOOGL-USD | +0.0104% | 1h | 357.95 | −0.028% | $419K | $1.4M | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.81 | −0.066% | $25K | — | 10x | as long as short |
| Phoenix GOOGL | +0.0179% | 1h | 357.77 | −0.079% | $138K | $36K | 20x | as long as short |
| Lighter GOOGL | +0.0192% | 1h | 357.95 | −0.028% | $2.0M | $1.3M | 20x | as long as short |
| BloFin GOOGL-USDT | +0.0223% | 8h | 357.97 | −0.023% | $693K | $234K | 20x | as long as short |
| Bybit GOOGLUSDT | +0.0238% | 8h | 358.15 | +0.027% | $12.1M | $7.5M | 100x | as long as short |
| edgeX GOOGLUSDC | +0.0893% | 4h | 357.90 | −0.043% | $209K | $1.2M | 10x | as long as short |
Binance GOOGLUSDT
OKX GOOGL-USDT-SWAP
Gate GOOGL_USDT
Bitget GOOGLUSDT
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Coinbase International GOOGL-PERP-INTX
Aftermath Perps GOOGLUSD
GRVT GOOGL_USDT_Perp
Variational Omni GOOGL
Lighter RH GOOGL
Injective GOOGL/USDC PERP
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Paradex GOOGL-USD-PERP
Aster GOOGLUSDT
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Extended GOOGL-USD
Phoenix GOOGL
Lighter GOOGL
BloFin GOOGL-USDT
Bybit GOOGLUSDT
edgeX GOOGLUSDC