Funding you earn now, next payment 04:00 UTC−0.0334%/8h= −36.6% APRnext payment −$1.67 per $10,000 · paid last 24h −0.052%
Price spread now: OKX against BingX−0.082%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$840.845% of the position
Funding, last 7 days−0.636%−$64 on $10k
+Price spread, last 7 days+0.156%+$16 · spread now −0.082%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.059% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX F-USDT | 0.003668 | 0.0100 | pay 0.0050% / 4h | 1h 59m | — | $6.6M | — |
| Short | OKX F-USDT-SWAP | 0.003665 | −0.0234 | pay 0.0117% / 4h | 1h 59m | $712K | $2.1M | 20x |
BingX F-USDT
OKX F-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- −$70.11
- Price spread: −0.082% → −0.023%
- −$5.9
- Slippage, 4 orders
- −$64.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$160.48
- Costs to cover
- 0.845%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; OKX: live order book, 3 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 BingX live order book, 8 min ago | 4.09 bp | 15.9 bp −$16 | 49.1 bp −$491 | 887.5 bp −$88.8K | 1372.5 bp −$686.2K |
| Sell OKX live order book, 3 min ago | 4.10 bp | 22.8 bp −$23 | 159.3 bp −$1,593 | doesn't fit | doesn't fit |
F on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX F-USDT-SWAPshort | −0.0234% | 4h | 0.003665 | −0.082% | $712K | $2.1M | 20x | |
| Gate F_USDT | −0.0061% | 8h | 0.003665 | −0.082% | $147K | $1.3M | 25x | as long as short |
| Aster FUSDT | +0.0100% | 4h | 0.003670 | +0.055% | $15K | $28K | 5x | as long as short |
| Binance FUSDT | +0.0100% | 4h | 0.003670 | +0.044% | $3.9M | $6.3M | 50x | as long as short |
| Bybit FUSDT | +0.0100% | 4h | 0.003670 | +0.055% | $2.3M | $2.2M | 25x | as long as short |
| MEXC F_USDT | +0.0100% | 4h | 0.003664 | −0.109% | $616K | $172K | 50x | as long as short |
| KuCoin FUSDTM | +0.0100% | 4h | 0.003666 | −0.055% | $720K | $1.2M | 30x | as long as short |
| Bitget FUSDT | +0.0100% | 4h | 0.003669 | +0.027% | $480K | $808K | 50x | as long as short |
| BingX F-USDTlong | +0.0100% | 4h | 0.003668 | long leg | — | $6.6M | — | |
| Variational Omni F | +0.0100% | 4h | 0.003665 | −0.086% | $698 | $386 | — | as long as short |
Gate F_USDT
Aster FUSDT
Binance FUSDT
Bybit FUSDT
MEXC F_USDT
KuCoin FUSDTM
Bitget FUSDT
Variational Omni F