Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX−0.015%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$316as in the Price arb table
costs, in and out, $10k−$3103.100% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 2 days (all we have)+0.314%+$31 · spread now −0.015%, 7d avg +0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.060% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX WEN-USDT-SWAP | 6.7090 | 0 | get 0.0000% / 8h | 7h 44m | $204K | $113K | 10x |
| Short | Binance WENUSDT | 6.7080 | 0 | get 0.0000% / 8h | 7h 44m | $579K | $514K | 20x |
OKX WEN-USDT-SWAP
Binance WENUSDTFunding 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
- $0
- Price spread: −0.015% → +0.045%
- −$6.02
- Slippage, 4 orders
- −$289.98
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$316.01
- Costs to cover
- 3.100%
- Break-even
- never at this rate
Slippage from OKX: live order book, 51 min ago; Binance: live order book, 18 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, 51 min ago | 5.23 bp | 112.0 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 18 min ago | 1.49 bp | 45.3 bp −$45 | 168.3 bp −$1,683 | doesn't fit | doesn't fit |
WEN on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance WENUSDTshort | 0.0000% | 8h | 6.7080 | −0.015% | $579K | $514K | 20x | |
| OKX WEN-USDT-SWAPlong | 0.0000% | 8h | 6.7090 | long leg | $204K | $113K | 10x | |
| Gate WEN_USDT | 0.0000% | 8h | 6.6960 | −0.194% | $271K | $3K | 20x | as long as short |
| Bitget WENUSDT | 0.0000% | 8h | 6.6980 | −0.164% | $110K | $38K | 20x | as long as short |
| Variational Omni WEN | 0.0000% | 8h | 6.7094 | +0.006% | $24K | $46K | — | as long as short |
| Lighter WEN | +0.0032% | 1h | 6.7080 | −0.015% | $11K | $980 | 10x | as long as short |
Gate WEN_USDT
Bitget WENUSDT
Variational Omni WEN
Lighter WEN