Funding you earn now, next payment 16:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.013%
Price spread now: OKX against Binance−0.059%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.059%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.044% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUUSDT | 34.120 | 0.0027 | pay 0.0027% / 8h | 7h 31m | $6.1M | $101.5M | 25x |
| Short | OKX MUU-USDT-SWAP | 34.100 | 0 | get 0.0000% / 8h | 7h 31m | $940K | $4.4M | 20x |
Binance MUUUSDT
OKX MUU-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
- −$5.75
- Price spread: −0.059% → −0.014%
- −$4.44
- Slippage, 4 orders
- −$26.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.3
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; OKX: live order book, 1 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, 11 min ago | 1.45 bp | 8.3 bp −$8 | 14.9 bp −$149 | 109.4 bp −$10.9K | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.93 bp | 17.0 bp −$17 | 35.6 bp −$356 | doesn't fit | doesn't fit |
MUU on 9 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 MUUUSDT | −0.0726% | 8h | 34.089 | −0.091% | $4.5M | $5.0M | 20x | as long as short |
| Aster MUUUSDT | 0.0000% | 8h | 34.123 | +0.008% | $11K | $44K | 20x | as long as short |
| Bybit MUUUSDT | 0.0000% | 8h | 34.080 | −0.117% | $1.2M | $3.2M | 25x | as long as short |
| OKX MUU-USDT-SWAPshort | 0.0000% | 8h | 34.100 | −0.059% | $940K | $4.4M | 20x | |
| Gate MUU_USDT | 0.0000% | 8h | 34.080 | −0.117% | $571K | $1.8M | 20x | as long as short |
| HTX MUU-USDT | 0.0000% | 8h | 34.250 | +0.381% | $8K | $9K | 10x | as long as short |
| Binance MUUUSDTlong | +0.0027% | 8h | 34.120 | long leg | $6.1M | $101.5M | 25x | |
| MEXC MUU_USDT | +0.0037% | 8h | 34.060 | −0.176% | $6.6M | $7.0M | 50x | as long as short |
| KuCoin MUUUSDTM | +0.0100% | 8h | 34.080 | −0.117% | $74K | $91K | 20x | as long as short |
Bitget MUUUSDT
Aster MUUUSDT
Bybit MUUUSDT
Gate MUU_USDT
HTX MUU-USDT
MEXC MUU_USDT
KuCoin MUUUSDTM