Funding you earn now, next payment 05:00 UTC+0.1088%/8h= +119.1% APRpaid last 24h −0.095%
Price spread now: OKX against tradeXYZ+0.258%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2592.589% of the position
Funding, last 7 days−0.165%−$17 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.258%, 7d avg +0.204%
=Together, before fees−0.274%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and OKX is 0.055% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.204%. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% 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 | tradeXYZ xyz:QNT | 51.497 | −0.0957 | get 0.0120% / 1h | 5m 13s | $1.2M | $331K | 10x |
| Short | OKX QNT-USDT-SWAP | 51.630 | 0.0131 | get 0.0131% / 8h | 3h 05m | $752K | $295K | 20x |
tradeXYZ xyz:QNT
OKX QNT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against tradeXYZ. 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
- $228.43
- Price spread: +0.258% → +0.204%
- $5.46
- Slippage, 4 orders
- −$230.89
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$25
- Costs to cover
- 2.589%
- Break-even
- 7.8 days
Slippage from tradeXYZ: live order book, 1 min ago; OKX: live order book, 46 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 tradeXYZ live order book, 1 min ago | 4.56 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 46 min ago | 2.89 bp | 106.8 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
QNT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:QNTlong | −0.0957% | 1h | 51.497 | long leg | $1.2M | $331K | 10x | |
| Lighter QNT | +0.0032% | 1h | 51.370 | −0.247% | — | — | 5x | as long as short |
| Arcus QNT-USD | +0.0040% | 1h | 51.480 | −0.033% | $2K | $6K | 10x | as long as short |
| OKX QNT-USDT-SWAPshort | +0.0131% | 8h | 51.630 | +0.258% | $752K | $295K | 20x | |
| Extended QNT-USD | +0.1304% | 1h | 51.463 | −0.065% | $7K | $164K | 10x | as long as short |
Lighter QNT
Arcus QNT-USD
Extended QNT-USD