Funding you earn now, next payment 16:00 UTC+0.0477%/8h= +52.2% APRnext payment +$4.77 per $10,000 · paid last 24h +0.031%
Price spread now: Binance against OKX−0.158%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$890.895% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 7 days+0.128%+$13 · spread now −0.158%, 7d avg −0.038%
=Funding pays, the price is against you. Binance is 0.120% cheaper against OKX than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of −0.038%). If the spread goes back, that is −$12 on $10k: about 20 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.129% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.77 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 NOK-USDT-SWAP | 10.757 | 0.0059 | pay 0.0059% / 8h | 7h 44m | $1.2M | $1.2M | 20x |
| Short | Binance NOKUSDT | 10.740 | 0.0536 | get 0.0536% / 8h | 7h 44m | $7.2M | $10.2M | 20x |
OKX NOK-USDT-SWAP
Binance NOKUSDTFunding 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
- $100.09
- Price spread: −0.158% → −0.038%
- −$11.98
- Slippage, 4 orders
- −$69.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1.37
- Costs to cover
- 0.895%
- Break-even
- 7.1 days
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 10 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, 2 min ago | 4.19 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 4.67 bp | 19.8 bp −$20 | 65.3 bp −$653 | 542.5 bp −$54.2K | doesn't fit |
NOK on 16 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 NOKSTOCKUSDT | −0.0536% | 8h | 10.787 | +0.279% | $1.5M | $587K | 20x | as long as short |
| Vest NOK-PERP | −0.0008% | 1h | 10.710 | −0.437% | — | — | 10x | as long as short |
| Aster NOKUSDT | 0.0000% | 8h | 10.720 | −0.341% | $65K | $7K | 20x | as long as short |
| SunX NOK-USDT | 0.0000% | 8h | 10.720 | −0.344% | $1K | $1.2M | 10x | as long as short |
| HTX NOK-USDT | 0.0000% | 8h | 10.750 | −0.065% | $9K | $6K | 10x | as long as short |
| Phemex NOKUSDT | 0.0000% | 8h | 10.740 | −0.158% | $1.6M | $633K | 10x | as long as short |
| Lighter NOK | +0.0032% | 1h | 10.730 | −0.251% | — | — | 10x | as long as short |
| OKX NOK-USDT-SWAPlong | +0.0059% | 8h | 10.757 | long leg | $1.2M | $1.2M | 20x | |
| Gate NOK_USDT | +0.0089% | 8h | 10.758 | +0.009% | $936K | $1.0M | 50x | as long as short |
| KuCoin NOKUSDTM | +0.0100% | 8h | 10.730 | −0.251% | $293K | $440K | 20x | as long as short |
Bitget NOKSTOCKUSDT
Vest NOK-PERP
Aster NOKUSDT
SunX NOK-USDT
HTX NOK-USDT
Phemex NOKUSDT
Lighter NOK
Gate NOK_USDT
KuCoin NOKUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NOK_USDT_Perp | +0.0240% | 8h | 10.737 | −0.182% | $3K | $112K | 10x | as long as short |
| tradeXYZ xyz:NOK | +0.0284% | 1h | 10.738 | −0.177% | $4.4M | $1.4M | 10x | as long as short |
| Variational Omni NOK | +0.0287% | 8h | 10.723 | −0.314% | $129K | $118K | — | as long as short |
| MEXC NOKSTOCK_USDT | +0.0535% | 8h | 10.740 | −0.158% | $1.5M | $118K | 50x | as long as short |
| Extended NOK-USD | +0.0536% | 1h | 10.745 | −0.107% | $36K | $281K | 10x | as long as short |
| Binance NOKUSDTshort | +0.0536% | 8h | 10.740 | −0.158% | $7.2M | $10.2M | 20x |
GRVT NOK_USDT_Perp
tradeXYZ xyz:NOK
Variational Omni NOK
MEXC NOKSTOCK_USDT
Extended NOK-USD