Funding you earn now, next payment 00:00 UTC+0.0463%/8h= +50.7% APRpaid last 24h +0.030%
Price spread now: OKX against Binance+0.004%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 2 days (all we have)+0.060%+$6 · spread now +0.004%, 7d avg +0.050%
=Funding pays, the price is against you. OKX is 0.046% cheaper against Binance than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.050%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.167% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.167% in total (about 8.7% a year). A funding rate is set anew for every payment. 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 | Binance XPTUSDT | 1,816.8 | 0.0238 | pay 0.0119% / 4h | 22m 16s | $4.3M | $4.1M | 100x |
| Short | OKX XPT-USDT-SWAP | 1,816.9 | 0.0702 | get 0.0702% / 8h | 22m 16s | $917K | $523K | 50x |
Binance XPTUSDT
OKX XPT-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $97.31
- Price spread: +0.004% → +0.050%
- −$4.63
- Slippage, 4 orders
- −$13.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $59.12
- Costs to cover
- 0.336%
- Break-even
- 2.7 days
Slippage from Binance: live order book, 15 min ago; OKX: live order book, 54 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 Binance live order book, 15 min ago | 0.33 bp | 8.2 bp −$8 | 23.6 bp −$236 | 115.3 bp −$11.5K | doesn't fit |
| Sell OKX live order book, 54 min ago | 0.28 bp | 9.3 bp −$9 | 26.8 bp −$268 | doesn't fit | doesn't fit |
XPT on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,814.9 | −0.107% | $10K | $36K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,814.5 | −0.130% | $233 | — | 150x | as long as short |
| Extended XPT-USD | +0.0032% | 1h | 1,814.3 | −0.138% | $207K | $454K | 10x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,815.1 | −0.095% | — | $50 | 25x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0058% | 1h | 1,815.6 | −0.068% | $3.6M | $1.1M | 20x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,814.1 | −0.152% | $17K | $20K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,815.9 | −0.050% | $202K | $19K | 75x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,817 | +0.009% | $309 | — | 10x | as long as short |
| Variational Omni XPT | +0.0170% | 4h | 1,815.4 | −0.081% | $287K | $329K | — | as long as short |
| BloFin XPT-USDT | +0.0204% | 4h | 1,816.7 | −0.008% | $86K | $64K | 100x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Extended XPT-USD
Vest PL-PERP
tradeXYZ xyz:PLATINUM
Pacifica PLATINUM
KuCoin XPTUSDTM
Aevo PLATINUM-PERP
Variational Omni XPT
BloFin XPT-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,833.9 | +0.942% | $6K | $34K | 52x | as long as short |
| Gate XPT_USDT | +0.0230% | 4h | 1,817.3 | +0.026% | $678K | $351K | 100x | as long as short |
| MEXC XPT_USDT | +0.0238% | 4h | 1,815.7 | −0.063% | $24.1M | $645K | 100x | as long as short |
| Binance XPTUSDTlong | +0.0238% | 4h | 1,816.8 | long leg | $4.3M | $4.1M | 100x | |
| edgeX XPTUSDC | +0.0255% | 4h | 1,815.7 | −0.060% | $40K | $282K | 10x | as long as short |
| Paradex XPT-USD-PERP | +0.0283% | 8h | 1,816.9 | +0.002% | $3K | — | 5x | as long as short |
| Aster XPTUSDT | +0.0304% | 4h | 1,816.4 | −0.025% | $15K | $12K | 20x | as long as short |
| Bitget XPTUSDT | +0.0318% | 4h | 1,814.7 | −0.116% | $1.2M | $337K | 100x | as long as short |
| Lighter XPT | +0.0408% | 1h | 1,817.7 | +0.048% | $360K | $19K | 20x | as long as short |
| GRVT XPT_USDT_Perp | +0.0586% | 4h | 1,814.8 | −0.112% | $206K | $1.1M | 25x | as long as short |
| OKX XPT-USDT-SWAPshort | +0.0702% | 8h | 1,816.9 | +0.004% | $917K | $523K | 50x |
Injective XPT/USDC PERP
Gate XPT_USDT
MEXC XPT_USDT
edgeX XPTUSDC
Paradex XPT-USD-PERP
Aster XPTUSDT
Bitget XPTUSDT
Lighter XPT
GRVT XPT_USDT_Perp