Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance+0.293%7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2092.086% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 2 days (all we have)−0.193%−$19 · spread now +0.293%, 7d avg +0.188%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.105% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.188%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYPLUSDT | 52.686 | 0 | get 0.0000% / 8h | 1h 28m | $282K | $184K | 20x |
| Short | OKX PYPL-USDT-SWAP | 52.840 | 0 | get 0.0000% / 8h | 1h 28m | $116K | $40K | 20x |
Binance PYPLUSDT
OKX PYPL-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
- $0
- Price spread: +0.293% → +0.188%
- $10.46
- Slippage, 4 orders
- −$188.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$198.09
- Costs to cover
- 2.086%
- Break-even
- never at this rate
Slippage from Binance: live order book, 33 min ago; OKX: live order book, 51 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, 33 min ago | 1.90 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 51 min ago | 8.53 bp | 71.8 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
PYPL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.130 | −1.055% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDTlong | 0.0000% | 8h | 52.686 | long leg | $282K | $184K | 20x | |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.670 | −0.030% | $353K | $32K | 25x | as long as short |
| OKX PYPL-USDT-SWAPshort | 0.0000% | 8h | 52.840 | +0.293% | $116K | $40K | 20x | |
| Gate PYPL_USDT | 0.0000% | 8h | 52.700 | +0.027% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.630 | −0.106% | $78K | $11K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.760 | +0.141% | $7K | $10K | 10x | as long as short |
| edgeX PYPLUSDC | +0.0271% | 4h | 52.679 | −0.012% | $28K | $249K | 10x | as long as short |
Injective PYPL/USDC PERP
Bybit PYPLUSDT
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT
edgeX PYPLUSDC