Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.011%
Price spread now: Arcus against OKX−0.141%7-day average +0.110% · 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−$172as in the Price arb table
costs, in and out, $10k−$1471.473% of the position
Funding, last 3 days (all we have)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.389%+$39 · spread now −0.141%, 7d avg +0.110%
=Funding pays, the price is against you. Arcus is 0.252% cheaper against OKX than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.110%). If the spread goes back, that is −$25 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.019% in total) that is about 46 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USO-USDT-SWAP | 148.43 | 0 | get 0.0000% / 8h | 7h 54m | $209K | $248K | 20x |
| Short | Arcus USO-USD | 148.22 | 0.0040 | get 0.0005% / 1h | 54m 15s | $372K | $63K | 20x |
OKX USO-USDT-SWAP
Arcus USO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $8.46
- Price spread: −0.141% → +0.110%
- −$25.17
- Slippage, 4 orders
- −$132.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$164.02
- Costs to cover
- 1.473%
- Break-even
- 142.7 days
Slippage from OKX: live order book, 16 min ago; Arcus: live order book, 19 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, 16 min ago | 4.04 bp | 69.5 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 19 min ago | 1.01 bp | 7.6 bp −$8 | 11.6 bp −$116 | 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-SWAPlong | 0.0000% | 8h | 148.43 | long leg | $209K | $248K | 20x | |
| MEXC USO_USDT | 0.0000% | 8h | 148.20 | −0.155% | $739K | $102K | 20x | as long as short |
| Lighter RH USO | +0.0032% | 1h | 148.22 | −0.141% | $327K | $184K | 10x | as long as short |
| Arcus USO-USDshort | +0.0040% | 1h | 148.22 | −0.141% | $372K | $63K | 20x | |
| ApeX Omni USOUSDT | +0.0100% | 1h | 148.14 | −0.195% | $66K | $14K | 50x | as long as short |
MEXC USO_USDT
Lighter RH USO
ApeX Omni USOUSDT