Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against OKX+0.215%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1391.393% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.215%, 7d avg +0.142%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.073% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ATH-USDT-SWAP	0.005499	0.0100	pay 0.0050% / 4h	2h 44m	$700K	$1.3M	20x
Short	Binance ATHUSDT	0.005511	0.0100	get 0.0050% / 4h	2h 44m	$3.3M	$4.0M	50x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.215%Rate

Funding earned: $0
Price spread: +0.215% → +0.142%: $7.35
Slippage, 4 orders: −$119.32
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$131.97
Costs to cover: 1.393%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 7 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, 2 min ago	5.45 bp	41.4 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.82 bp	36.0 bp −$36	108.0 bp −$1,080	doesn't fit	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.2739%	1h	0.005505	+0.104%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0062%	4h	0.005499	+0.003%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005513	+0.255%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005509	+0.184%	$5K	$40K	5x	as long as short
Binance ATHUSDTshort	+0.0100%	4h	0.005511	+0.215%	$3.3M	$4.0M	50x
Bybit ATHUSDT	+0.0100%	4h	0.005499	0.000%	$4.4M	$2.4M	25x	as long as short
OKX ATH-USDT-SWAPlong	+0.0100%	4h	0.005499	long leg	$700K	$1.3M	20x
Gate ATH_USDT	+0.0100%	4h	0.005498	−0.018%	$786K	$538K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005511	+0.218%	$8.8M	$603K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005511	+0.218%	$557K	$77K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005506	+0.127%	$1.5M	$848K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005505	+0.109%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0144%	4h	0.005523	+0.436%	$170K	$73K	75x	as long as short