Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.007%
Price spread now: OKX against Arcus−0.669%47s7-day average −0.099% · 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—prices read too far apart to compare
costs, in and out, $10k−$1521.522% of the position
Funding, last 4 days (all we have)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.669%, 7d avg −0.099%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.570% cheaper against Arcus than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.099%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus USO-USD | 149.57 | 0.0040 | pay 0.0005% / 1h | 43m 47s | $346K | $93K | 20x |
| Short | OKX USO-USDT-SWAP | 148.57 | 0 | get 0.0000% / 8h | 7h 43m | $194K | $286K | 20x |
Arcus USO-USD
OKX USO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Arcus. 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
- −$8.46
- Price spread: −0.669% → −0.099%
- −$57
- Slippage, 4 orders
- −$137.67
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$217.63
- Costs to cover
- 1.522%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 55 min ago; OKX: live order book, 51 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 Arcus live order book, 55 min ago | 2.67 bp | 10.6 bp −$11 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell OKX live order book, 51 min ago | 6.39 bp | 68.8 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
USO 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 USO-USDT-SWAPshort | 0.0000% | 8h | 148.57 | −0.669% | $194K | $286K | 20x | |
| MEXC USO_USDT | 0.0000% | 8h | 148.64 | −0.622% | $735K | $101K | 20x | as long as short |
| Lighter RH USO | +0.0032% | 1h | 149.70 | +0.087% | $316K | $179K | 10x | as long as short |
| Arcus USO-USDlong | +0.0040% | 1h | 149.57 | long leg | $346K | $93K | 20x | |
| ApeX Omni USOUSDT | +0.0100% | 1h | 149.51 | −0.040% | $67K | $13K | 50x | as long as short |
MEXC USO_USDT
Lighter RH USO
ApeX Omni USOUSDT