Funding you earn now, next payment 16:00 UTC+0.0329%/8h= +36.0% APRnext payment +$3.29 per $10,000 · paid last 24h +0.039%
Price spread now: Binance against OKX+0.033%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2842.845% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.033%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.027% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.29 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 TMF-USDT-SWAP | 30.340 | 0.0374 | pay 0.0374% / 8h | 7h 03m | $150K | $142K | 20x |
| Short | Binance TMFUSDT | 30.350 | 0.0703 | get 0.0703% / 8h | 7h 03m | $1.2M | $531K | 25x |
OKX TMF-USDT-SWAP
Binance TMFUSDTFunding 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
- $68.99
- Price spread: +0.033% → +0.006%
- $2.71
- Slippage, 4 orders
- −$264.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$212.75
- Costs to cover
- 2.845%
- Break-even
- 28.6 days
Slippage from OKX: live order book, 26 min ago; Binance: live order book, 14 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, 26 min ago | 10.01 bp | 128.8 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.33 bp | 37.6 bp −$38 | 143.5 bp −$1,435 | doesn't fit | doesn't fit |
TMF 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TMFUSDC | −0.0138% | 4h | 30.308 | −0.106% | $13K | $287K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 30.330 | −0.033% | $163K | $56K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 30.270 | −0.231% | $52K | $8K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 30.302 | −0.125% | $165K | $95K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 30.370 | +0.099% | $10K | $252K | 10x | as long as short |
| OKX TMF-USDT-SWAPlong | +0.0374% | 8h | 30.340 | long leg | $150K | $142K | 20x | |
| Variational Omni TMF | +0.0619% | 8h | 30.320 | −0.066% | $29K | $6K | — | as long as short |
| Binance TMFUSDTshort | +0.0703% | 8h | 30.350 | +0.033% | $1.2M | $531K | 25x | |
| MEXC TMF_USDT | +0.0709% | 8h | 30.340 | 0.000% | $648K | $92K | 20x | as long as short |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
Bitget TMFUSDT
HTX TMF-USDT
Variational Omni TMF
MEXC TMF_USDT