Funding you earn now, next payment 08:00 UTC+0.1279%/8h= +140.1% APRpaid last 24h −0.176%
Price spread now: OKX against tradeXYZ−0.587%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$521as in the Funding arb table
Net, price: spread back to 7d avg − costs−$500as in the Price arb table
costs, in and out, $10k−$4384.379% of the position
Funding, last 7 days−0.827%−$83 on $10k
+Price spread, last 4 days (all we have)+0.911%+$91 · spread now −0.587%, 7d avg +0.039%
=Together, before fees+0.083%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.626% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.587% now, against its 7-day average of +0.039%). If the spread goes back, that is −$63 on $10k: about 39 hours of funding at the current rate (+$38 a day). Mind the row above: over the last 7 days funding on this pair cost −0.827%, 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 -0.827% in total (about -43.1% 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:SOFTBANK | 41.413 | −0.1706 | get 0.0213% / 1h | 56m 57s | $1.6M | $526K | 10x |
| Short | OKX SOFTBANK-USDT-SWAP | 41.170 | −0.0427 | pay 0.0427% / 8h | 56m 57s | $89K | $227K | 10x |
tradeXYZ xyz:SOFTBANK
OKX SOFTBANK-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
- $268.62
- Price spread: −0.587% → +0.039%
- −$62.6
- Slippage, 4 orders
- −$409.89
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$231.87
- Costs to cover
- 4.379%
- Break-even
- 13.0 days
Slippage from tradeXYZ: live order book, 11 min ago; OKX: live order book, 43 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, 11 min ago | 28.94 bp | 89.2 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 43 min ago | 14.55 bp | 103.7 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SOFTBANKlong | −0.1706% | 1h | 41.413 | long leg | $1.6M | $526K | 10x | |
| OKX SOFTBANK-USDT-SWAPshort | −0.0427% | 8h | 41.170 | −0.587% | $89K | $227K | 10x | |
| Gate SOFTBANK_USDT | 0.0000% | 8h | 41.280 | −0.321% | $5K | $742 | 20x | as long as short |
| Bitget SOFTBANKUSDT | 0.0000% | 8h | 40.972 | −1.065% | $2.1M | $1.6M | 20x | as long as short |
| HTX SOFTBANK-USDT | 0.0000% | 1h | 41.130 | −0.683% | $6K | $381K | 20x | as long as short |
Gate SOFTBANK_USDT
Bitget SOFTBANKUSDT
HTX SOFTBANK-USDT