Funding you earn now, next payment 08:00 UTC+0.0384%/8h= +42.1% APRnext payment +$3.84 per $10,000 · paid last 24h +0.083%
Price spread now: Binance against OKX−0.025%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$2242.239% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 2 days (all we have)+0.023%+$2 · spread now −0.025%, 7d avg −0.012%
=The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.84 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 SNOW-USDT-SWAP | 340.18 | 0 | get 0.0000% / 8h | 2h 50m | $329K | $163K | 20x |
| Short | Binance SNOWUSDT | 340.09 | 0.0384 | get 0.0384% / 8h | 2h 50m | $743K | $749K | 25x |
OKX SNOW-USDT-SWAP
Binance SNOWUSDTFunding 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
- $80.68
- Price spread: −0.025% → −0.012%
- −$1.25
- Slippage, 4 orders
- −$203.92
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.49
- Costs to cover
- 2.239%
- Break-even
- 19.5 days
Slippage from OKX: live order book, 60 min ago; Binance: live order book, 57 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 | 5.73 bp | 73.0 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 57 min ago | 4.99 bp | 33.5 bp −$33 | 104.3 bp −$1,043 | doesn't fit | doesn't fit |
SNOW 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 SNOW/USDC PERP | −0.0220% | 1h | 336.32 | −1.135% | $7K | $96 | 12x | as long as short |
| OKX SNOW-USDT-SWAPlong | 0.0000% | 8h | 340.18 | long leg | $329K | $163K | 20x | |
| Gate SNOW_USDT | 0.0000% | 8h | 339.92 | −0.076% | $101K | $230K | 20x | as long as short |
| Bitget SNOWUSDT | 0.0000% | 8h | 340.10 | −0.024% | $316K | $165K | 20x | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 340.10 | −0.024% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0306% | 8h | 340.04 | −0.042% | $60K | $61K | — | as long as short |
| Bybit SNOWUSDT | +0.0348% | 8h | 340.36 | +0.053% | $718K | $289K | 25x | as long as short |
| Binance SNOWUSDTshort | +0.0384% | 8h | 340.09 | −0.025% | $743K | $749K | 25x |
Injective SNOW/USDC PERP
Gate SNOW_USDT
Bitget SNOWUSDT
HTX SNOW-USDT
Variational Omni SNOW
Bybit SNOWUSDT