Funding you earn now, next payment 08:00 UTC−0.1308%/8h= −143.2% APRnext payment −$13.08 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.142%7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1151.149% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.505%+$50 · spread now +0.142%, 7d avg −0.055%
=The price spread pays, funding is against you. Binance is 0.197% dearer against OKX than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.055%): +$20 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.087%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.08 per $10,000. 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 RAM-USDT-SWAP | 14.070 | −0.1667 | get 0.1667% / 8h | 40m 21s | $323K | $491K | 10x |
| Short | Binance RAMUSDT | 14.090 | −0.2975 | pay 0.2975% / 8h | 40m 21s | $777K | $2.0M | 20x |
OKX RAM-USDT-SWAP
Binance RAMUSDTFunding 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
- −$274.71
- Price spread: +0.142% → −0.055%
- $19.7
- Slippage, 4 orders
- −$94.9
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$369.91
- Costs to cover
- 1.149%
- Break-even
- never at this rate
Slippage from OKX: live order book, 60 min ago; Binance: live order book, 8 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, 60 min ago | 7.06 bp | 45.2 bp −$45 | 637.6 bp −$6,376 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 7.11 bp | 19.7 bp −$20 | 78.7 bp −$787 | doesn't fit | doesn't fit |
RAM 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin RAM-USDT | −0.2979% | 8h | 14.060 | −0.071% | $31K | $2K | 20x | as long as short |
| MEXC RAM_USDT | −0.2977% | 8h | 14.090 | +0.142% | $398K | $90K | 20x | as long as short |
| Binance RAMUSDTshort | −0.2975% | 8h | 14.090 | +0.142% | $777K | $2.0M | 20x | |
| KuCoin RAMUSDTM | −0.1776% | 8h | 14.060 | −0.071% | $14K | $45K | 20x | as long as short |
| OKX RAM-USDT-SWAPlong | −0.1667% | 8h | 14.070 | long leg | $323K | $491K | 10x | |
| Bitget RAMUSDT | −0.1647% | 8h | 14.086 | +0.114% | $222K | $192K | 20x | as long as short |
| Bybit RAMUSDT | 0.0000% | 8h | 14.060 | −0.071% | $162K | $137K | 25x | as long as short |
| Gate RAM_USDT | 0.0000% | 8h | 14.093 | +0.163% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.083 | +0.092% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDT | 0.0000% | 8h | 14.090 | +0.142% | $763K | $196K | 20x | as long as short |
BloFin RAM-USDT
MEXC RAM_USDT
KuCoin RAMUSDTM
Bitget RAMUSDT
Bybit RAMUSDT
Gate RAM_USDT
HTX RAM-USDT
Phemex RAMUSDT