Funding you earn now, next payment 05:00 UTC+0.1338%/8h= +146.5% APRpaid last 24h +0.205%
Price spread now: tradeXYZ against OKX+0.542%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$356as in the Funding arb table
Net, price: spread back to 7d avg − costs−$381as in the Price arb table
costs, in and out, $10k−$4394.388% of the position
Funding, last 7 days+0.830%+$83 on $10k
+Price spread, last 4 days (all we have)−0.905%−$90 · spread now +0.542%, 7d avg −0.038%
=Together, before fees−0.075%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and tradeXYZ is 0.580% dearer against OKX than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of −0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.830% in total (about 43.3% 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 | OKX SOFTBANK-USDT-SWAP | 41.300 | −0.0204 | get 0.0204% / 8h | 3h 38m | $84K | $215K | 10x |
| Short | tradeXYZ xyz:SOFTBANK | 41.524 | 0.1134 | get 0.0142% / 1h | 38m 32s | $1.7M | $513K | 10x |
OKX SOFTBANK-USDT-SWAP
tradeXYZ xyz:SOFTBANKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $280.96
- Price spread: +0.542% → −0.038%
- $58.04
- Slippage, 4 orders
- −$410.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$99.82
- Costs to cover
- 4.388%
- Break-even
- 9.5 days
Slippage from OKX: live order book, 12 min ago; tradeXYZ: live order book, 9 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, 12 min ago | 12.12 bp | 137.0 bp −$137 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 17.73 bp | 56.9 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
SOFTBANK 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX SOFTBANK-USDT-SWAPlong | −0.0204% | 8h | 41.300 | long leg | $84K | $215K | 10x | |
| Bitget SOFTBANKUSDT | −0.0107% | 8h | 41.072 | −0.552% | $2.1M | $1.6M | 20x | as long as short |
| Gate SOFTBANK_USDT | 0.0000% | 8h | 41.300 | 0.000% | $5K | $754 | 20x | as long as short |
| HTX SOFTBANK-USDT | 0.0000% | 1h | 41.525 | +0.545% | $6K | $380K | 20x | as long as short |
| tradeXYZ xyz:SOFTBANKshort | +0.1134% | 1h | 41.524 | +0.542% | $1.7M | $513K | 10x |
Bitget SOFTBANKUSDT
Gate SOFTBANK_USDT
HTX SOFTBANK-USDT