Funding you earn now, next payment 08:00 UTC+0.0279%/8h= +30.5% APRnext payment +$2.79 per $10,000 · paid last 24h −0.022%
Price spread now: Binance against OKX−0.087%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1871.866% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)−0.403%−$40 · spread now −0.087%, 7d avg +0.004%
=Funding pays, the price is against you. Binance is 0.091% cheaper against OKX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.004%). If the spread goes back, that is −$9 on $10k: about 26 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.79 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 VRT-USDT-SWAP | 252.59 | 0.0188 | pay 0.0188% / 8h | 5h 39m | $263K | $157K | 20x |
| Short | Binance VRTUSDT | 252.37 | 0.0467 | get 0.0467% / 8h | 5h 39m | $1.1M | $1.0M | 25x |
OKX VRT-USDT-SWAP
Binance VRTUSDTFunding 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
- $58.53
- Price spread: −0.087% → +0.004%
- −$9.13
- Slippage, 4 orders
- −$166.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$137.17
- Costs to cover
- 1.866%
- Break-even
- 23.4 days
Slippage from OKX: live order book, 21 min ago; Binance: live order book, 8 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, 21 min ago | 11.31 bp | 70.9 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.78 bp | 10.0 bp −$10 | 60.6 bp −$606 | doesn't fit | doesn't fit |
VRT 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 VRTUSDT | 0.0000% | 8h | 252.80 | +0.083% | $452K | $122K | 25x | as long as short |
| Gate VRT_USDT | 0.0000% | 8h | 252.20 | −0.154% | $139K | $17K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 252.25 | −0.135% | $477K | $145K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 252.40 | −0.075% | $687 | $487K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 252.24 | −0.139% | $9K | $42K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −1.255% | $9K | $50 | 12x | as long as short |
| OKX VRT-USDT-SWAPlong | +0.0188% | 8h | 252.59 | long leg | $263K | $157K | 20x | |
| KuCoin VRTUSDTM | +0.0268% | 8h | 252.07 | −0.206% | $107K | $24K | 20x | as long as short |
| Binance VRTUSDTshort | +0.0467% | 8h | 252.37 | −0.087% | $1.1M | $1.0M | 25x |
Bybit VRTUSDT
Gate VRT_USDT
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
KuCoin VRTUSDTM