Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against OKX+0.045%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days+0.448%+$45 on $10k
+Price spread, last 7 days−0.115%−$12 · spread now +0.045%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.054% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PI-USDT-SWAP | 0.08805 | 0.0100 | pay 0.0050% / 4h | 3h 27m | $2.6M | $7.9M | 20x |
| Short | BingX PI-USDT | 0.08809 | 0.0100 | get 0.0050% / 4h | 3h 27m | — | $6.6M | — |
OKX PI-USDT-SWAP
BingX PI-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
- $0
- Price spread: +0.045% → −0.008%
- $5.36
- Slippage, 4 orders
- −$46.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$61.6
- Costs to cover
- 0.670%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; BingX: live order book, 9 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, 6 min ago | 0.56 bp | 17.6 bp −$18 | 84.6 bp −$846 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 3.37 bp | 19.3 bp −$19 | 62.1 bp −$621 | 283.1 bp −$28.3K | 624.5 bp −$312.2K |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | +3.237% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAPlong | +0.0100% | 4h | 0.08805 | long leg | $2.6M | $7.9M | 20x | |
| Gate PI_USDT | +0.0100% | 4h | 0.08810 | +0.057% | $2.6M | $2.6M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.08818 | +0.148% | $9.9M | $1.6M | 125x | as long as short |
| Bitget PIUSDT | +0.0100% | 4h | 0.08790 | −0.170% | $4.8M | $2.5M | 50x | as long as short |
| BingX PI-USDTshort | +0.0100% | 4h | 0.08809 | +0.045% | — | $6.6M | — |
Injective PI/USDC PERP
Gate PI_USDT
MEXC PI_USDT
Bitget PIUSDT