Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance+0.204%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1731.726% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.204%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.224% dearer against Binance than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INITUSDT | 0.08319 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $3.4M | $3.7M | 25x |
| Short | OKX INIT-USDT-SWAP | 0.08336 | 0.0100 | get 0.0050% / 4h | 1h 31m | $138K | $669K | 10x |
Binance INITUSDT
OKX INIT-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
- $0
- Price spread: +0.204% → −0.020%
- $22.41
- Slippage, 4 orders
- −$152.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$150.19
- Costs to cover
- 1.726%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; OKX: live order book, 30 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, 5 min ago | 1.20 bp | 30.5 bp −$30 | 116.3 bp −$1,163 | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 4.84 bp | 53.2 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
INIT 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08318 | −0.007% | $303K | $229K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08314 | −0.064% | $27K | $39K | 5x | as long as short |
| Binance INITUSDTlong | +0.0100% | 4h | 0.08319 | long leg | $3.4M | $3.7M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08316 | −0.036% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAPshort | +0.0100% | 4h | 0.08336 | +0.204% | $138K | $669K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08308 | −0.132% | $84K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08324 | +0.060% | $451K | $210K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08312 | −0.084% | $330K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08329 | +0.120% | $432K | $312K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08320 | +0.012% | — | $6.6M | — | as long as short |
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDT
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08280 | −0.470% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0109% | 4h | 0.08318 | −0.012% | $152K | $112K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0240% | 1h | 0.08277 | −0.505% | $3K | $19K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD