Funding you earn now, next payment 04:00 UTC−0.0793%/8h= −86.8% APRpaid last 24h −0.064%
Price spread now: OKX against Binance+0.063%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1491.490% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.063%, 7d avg −0.067%
=The price spread pays, funding is against you. OKX is 0.130% dearer against Binance than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.067%): +$13 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. 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 | Binance POPMARTUSDT | 19.838 | 0.0807 | pay 0.0403% / 4h | 1h 30m | $1.4M | $482K | 25x |
| Short | OKX POPMART-USDT-SWAP | 19.850 | 0.0014 | get 0.0014% / 8h | 5h 30m | $280K | $83K | 20x |
Binance POPMARTUSDT
OKX POPMART-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
- −$166.55
- Price spread: +0.063% → −0.067%
- $12.97
- Slippage, 4 orders
- −$129.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$302.59
- Costs to cover
- 1.490%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; OKX: live order book, 30 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, 3 min ago | 5.04 bp | 18.8 bp −$19 | 70.0 bp −$700 | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 5.05 bp | 52.5 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
POPMART on 10 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 POPMARTUSDT | 0.0000% | 8h | 19.840 | +0.012% | $57K | $3K | 25x | as long as short |
| Gate POPMART_USDT | 0.0000% | 8h | 19.881 | +0.219% | $293K | $16K | 20x | as long as short |
| Bitget POPMARTUSDT | 0.0000% | 8h | 19.831 | −0.033% | $463K | $69K | 20x | as long as short |
| HTX POPMART-USDT | 0.0000% | 4h | 19.820 | −0.089% | $7K | $7K | 10x | as long as short |
| OKX POPMART-USDT-SWAPshort | +0.0014% | 8h | 19.850 | +0.063% | $280K | $83K | 20x | |
| Lighter POPMART | +0.0032% | 1h | 19.737 | −0.507% | — | — | 10x | as long as short |
| Aster POPMARTUSDT | +0.0137% | 8h | 19.801 | −0.185% | $17K | $590 | 20x | as long as short |
| KuCoin POPMARTUSDTM | +0.0390% | 4h | 19.770 | −0.341% | $30K | $50K | 20x | as long as short |
| edgeX POPMARTUSDC | +0.0473% | 4h | 19.836 | −0.007% | $201K | $236K | 10x | as long as short |
| Binance POPMARTUSDTlong | +0.0807% | 4h | 19.838 | long leg | $1.4M | $482K | 25x |
Bybit POPMARTUSDT
Gate POPMART_USDT
Bitget POPMARTUSDT
HTX POPMART-USDT
Lighter POPMART
Aster POPMARTUSDT
KuCoin POPMARTUSDTM
edgeX POPMARTUSDC