Funding you earn now, next payment 08:00 UTC+0.0416%/8h= +45.6% APRnext payment +$2.08 per $10,000 · paid last 24h +0.051%
Price spread now: BingX against OKX−0.163%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$660.659% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days+0.147%+$15 · spread now −0.163%, 7d avg −0.010%
=Funding pays, the price is against you. BingX is 0.153% cheaper against OKX than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.010%). If the spread goes back, that is −$15 on $10k: about 29 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.100% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.08 per $10,000. 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 | OKX MUBARAK-USDT-SWAP | 0.05780 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $4.4M | $108.6M | 20x |
| Short | BingX MUBARAK-USDT | 0.05771 | 0.0516 | get 0.0258% / 4h | 1h 46m | — | $4.0M | — |
OKX MUBARAK-USDT-SWAP
BingX MUBARAK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $87.36
- Price spread: −0.163% → −0.010%
- −$15.28
- Slippage, 4 orders
- −$45.94
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $6.13
- Costs to cover
- 0.659%
- Break-even
- 6.5 days
Slippage from OKX: live order book, 2 min ago; BingX: 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 OKX live order book, 2 min ago | 0.95 bp | 16.6 bp −$17 | 79.4 bp −$794 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 5.15 bp | 15.0 bp −$15 | 47.6 bp −$476 | 285.2 bp −$28.5K | 834.1 bp −$417.0K |
MUBARAK on 11 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_MUBARAKUSD | −0.1260% | 1h | 0.05738 | −0.733% | $76K | $637K | 10x | as long as short |
| OKX MUBARAK-USDT-SWAPlong | +0.0100% | 4h | 0.05780 | long leg | $4.4M | $108.6M | 20x | |
| Variational Omni MUBARAK | +0.0100% | 4h | 0.05926 | +2.512% | $13K | $64K | — | as long as short |
| Bybit MUBARAKUSDT | +0.0322% | 4h | 0.05777 | −0.054% | $5.5M | $22.2M | 25x | as long as short |
| Bitget MUBARAKUSDT | +0.0432% | 4h | 0.05778 | −0.042% | $3.9M | $15.4M | 25x | as long as short |
| BingX MUBARAK-USDTshort | +0.0516% | 4h | 0.05771 | −0.163% | — | $4.0M | — | |
| MEXC MUBARAK_USDT | +0.0538% | 4h | 0.05770 | −0.180% | $1.4M | $2.2M | 50x | as long as short |
| Binance MUBARAKUSDT | +0.0539% | 4h | 0.05769 | −0.197% | $25.4M | $170.4M | 25x | as long as short |
| Aster MUBARAKUSDT | +0.0589% | 4h | 0.05774 | −0.109% | $14K | $747K | 5x | as long as short |
| KuCoin MUBARAKUSDTM | +0.1356% | 4h | 0.05783 | +0.045% | $3.0M | $2.6M | 30x | as long as short |
Kraken Futures PF_MUBARAKUSD
Variational Omni MUBARAK
Bybit MUBARAKUSDT
Bitget MUBARAKUSDT
MEXC MUBARAK_USDT
Binance MUBARAKUSDT
Aster MUBARAKUSDT
KuCoin MUBARAKUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MUBARAK_USDT | +0.2220% | 4h | 0.05783 | +0.045% | $10.0M | $10.1M | 50x | as long as short |
Gate MUBARAK_USDT