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Funding arb · Price arb /

VRT

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRnext payment −$2.00 per $10,000 · paid last 24h +0.041%
Price spread now: OKX against Binance+0.095%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2042.043% of the position
Long on BinanceShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 2 days (all we have)−0.144%−$14 · spread now +0.095%, 7d avg +0.003%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.092% dearer against Binance than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.003%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 37 hours. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance VRTUSDT252.720.0340pay 0.0340% / 8h7h 59m$1.1M$1.0M25x
ShortOKX VRT-USDT-SWAP252.960.0140get 0.0140% / 8h7h 59m$253K$155K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$42.05
Price spread: +0.095% → +0.003%
$9.24
Slippage, 4 orders
−$184.25
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$237.06
Costs to cover
2.043%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; OKX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago1.58 bp16.4 bp −$1659.6 bp −$596doesn't fitdoesn't fit
Sell OKX live order book, 11 min ago8.31 bp57.9 bp −$58doesn't fitdoesn't fitdoesn't fit

VRT on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit VRTUSDT0.0000%8h252.84+0.047%$450K$136K25xas long as short
Gate VRT_USDT0.0000%8h252.90+0.071%$139K$18K20xas long as short
Bitget VRTUSDT0.0000%8h252.63−0.036%$472K$161K20xas long as short
SunX VRT-USDT0.0000%8h252.47−0.099%$990$536K10xas long as short
HTX VRT-USDT0.0000%8h252.98+0.103%$9K$42K10xas long as short
Injective VRT/USDC PERP+0.0033%1h249.42−1.306%$9K$5012xas long as short
OKX VRT-USDT-SWAPshort+0.0140%8h252.96+0.095%$253K$155K20x
KuCoin VRTUSDTM+0.0196%8h252.06−0.261%$107K$34K20xas long as short
Binance VRTUSDTlong+0.0340%8h252.72long leg$1.1M$1.0M25x