Funding you earn now, next payment 08:00 UTC−0.0276%/8h= −30.2% APRnext payment −$2.76 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.158%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2712.707% of the position
Funding, last 1 day (all we have)0.000%$0 on $10k
+Price spread, last 18 hours (all we have)−0.037%−$4 · spread now −0.158%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.136% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 1 day it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.76 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 | Binance TEAMUSDT | 196.24 | 0.0276 | pay 0.0276% / 8h | 7h 55m | $73K | $475K | 20x |
| Short | OKX TEAM-USDT-SWAP | 195.93 | 0 | get 0.0000% / 8h | 7h 55m | $24K | $407K | 20x |
Binance TEAMUSDT
OKX TEAM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$57.92
- Price spread: −0.158% → −0.021%
- −$13.65
- Slippage, 4 orders
- −$250.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$342.29
- Costs to cover
- 2.707%
- Break-even
- never at this rate
Slippage from Binance: live order book, 51 min ago; OKX: live order book, 15 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 Binance live order book, 51 min ago | 2.05 bp | 26.5 bp −$26 | 88.2 bp −$882 | doesn't fit | doesn't fit |
| Sell OKX live order book, 15 min ago | 9.70 bp | 117.3 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
TEAM on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TEAMUSDT | 0.0000% | 8h | 195.90 | −0.173% | $45K | $173K | 25x | as long as short |
| OKX TEAM-USDT-SWAPshort | 0.0000% | 8h | 195.93 | −0.158% | $24K | $407K | 20x | |
| Gate TEAM_USDT | 0.0000% | 8h | 195.79 | −0.229% | $16K | $6K | 20x | as long as short |
| Bitget TEAMUSDT | 0.0000% | 8h | 195.74 | −0.255% | $53K | $140K | 20x | as long as short |
| SunX TEAM-USDT | 0.0000% | 8h | 196.28 | +0.020% | — | $818K | 10x | as long as short |
| HTX TEAM-USDT | 0.0000% | 8h | 196.25 | +0.005% | $6K | $329K | 20x | as long as short |
| Extended TEAM-USD | +0.0040% | 1h | 195.44 | −0.410% | — | — | 5x | as long as short |
| BloFin TEAM-USDT | +0.0273% | 8h | 195.54 | −0.357% | $13K | $9K | 20x | as long as short |
| Binance TEAMUSDTlong | +0.0276% | 8h | 196.24 | long leg | $73K | $475K | 20x |
Bybit TEAMUSDT
Gate TEAM_USDT
Bitget TEAMUSDT
SunX TEAM-USDT
HTX TEAM-USDT
Extended TEAM-USD
BloFin TEAM-USDT