Funding you earn now, next payment 08:00 UTC+0.0545%/8h= +59.7% APRpaid last 24h +0.039%
Price spread now: Binance against OKX+0.102%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1471.470% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.102%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.036% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.066%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% 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 | OKX POPMART-USDT-SWAP | 19.680 | 0.0114 | pay 0.0114% / 8h | 3h 47m | $276K | $86K | 20x |
| Short | Binance POPMARTUSDT | 19.700 | 0.0660 | get 0.0330% / 4h | 3h 47m | $1.4M | $394K | 25x |
OKX POPMART-USDT-SWAP
Binance POPMARTUSDTFunding 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
- $114.55
- Price spread: +0.102% → +0.066%
- $3.58
- Slippage, 4 orders
- −$126.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$28.82
- Costs to cover
- 1.470%
- Break-even
- 8.8 days
Slippage from OKX: live order book, 3 min ago; Binance: 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 OKX live order book, 3 min ago | 5.07 bp | 58.7 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.54 bp | 21.4 bp −$21 | 100.4 bp −$1,004 | 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 | 19.700 | +0.102% | $57K | $3K | 25x | as long as short |
| Gate POPMART_USDT | 0.0000% | 8h | 19.751 | +0.361% | $292K | $16K | 20x | as long as short |
| Bitget POPMARTUSDT | 0.0000% | 8h | 19.723 | +0.218% | $480K | $85K | 20x | as long as short |
| HTX POPMART-USDT | 0.0000% | 4h | 19.710 | +0.152% | $7K | $7K | 10x | as long as short |
| Lighter POPMART | +0.0032% | 1h | 19.714 | +0.173% | — | — | 10x | as long as short |
| OKX POPMART-USDT-SWAPlong | +0.0114% | 8h | 19.680 | long leg | $276K | $86K | 20x | |
| Aster POPMARTUSDT | +0.0324% | 8h | 19.722 | +0.213% | $16K | $4K | 20x | as long as short |
| KuCoin POPMARTUSDTM | +0.0422% | 4h | 19.710 | +0.152% | $30K | $43K | 20x | as long as short |
| edgeX POPMARTUSDC | +0.0615% | 4h | 19.711 | +0.155% | $199K | $235K | 10x | as long as short |
| Binance POPMARTUSDTshort | +0.0660% | 4h | 19.700 | +0.102% | $1.4M | $394K | 25x |
Bybit POPMARTUSDT
Gate POPMART_USDT
Bitget POPMARTUSDT
HTX POPMART-USDT
Lighter POPMART
Aster POPMARTUSDT
KuCoin POPMARTUSDTM
edgeX POPMARTUSDC