Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX−0.247%7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1391.388% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 2 days (all we have)+0.156%+$16 · spread now −0.247%, 7d avg −0.191%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.055% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.191%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYPL-USDT-SWAP | 52.740 | 0 | get 0.0000% / 8h | 7h 59m | $115K | $40K | 20x |
| Short | Binance PYPLUSDT | 52.610 | 0 | get 0.0000% / 8h | 7h 59m | $284K | $189K | 20x |
OKX PYPL-USDT-SWAP
Binance PYPLUSDTFunding 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
- $0
- Price spread: −0.247% → −0.191%
- −$5.54
- Slippage, 4 orders
- −$118.84
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.38
- Costs to cover
- 1.388%
- Break-even
- never at this rate
Slippage from OKX: live order book, 10 min ago; Binance: live order book, 47 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, 10 min ago | 9.47 bp | 26.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 47 min ago | 1.90 bp | 19.3 bp −$19 | 81.0 bp −$810 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PYPLUSDC | −0.0886% | 4h | 52.696 | −0.084% | $28K | $249K | 10x | as long as short |
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.160 | −1.100% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDTshort | 0.0000% | 8h | 52.610 | −0.247% | $284K | $189K | 20x | |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.510 | −0.436% | $369K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAPlong | 0.0000% | 8h | 52.740 | long leg | $115K | $40K | 20x | |
| Gate PYPL_USDT | 0.0000% | 8h | 52.690 | −0.095% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.650 | −0.171% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.710 | −0.057% | $7K | $12K | 10x | as long as short |
edgeX PYPLUSDC
Injective PYPL/USDC PERP
Bybit PYPLUSDT
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT