Funding you earn now, next payment 08:00 UTC+0.0210%/8h= +23.0% APRnext payment +$1.05 per $10,000 · paid last 24h +0.053%
Price spread now: Binance against OKX−0.057%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1121.121% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.057%, 7d avg −0.012%
=Funding pays, the price is against you. Binance is 0.045% cheaper against OKX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.012%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.05 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 SLX-USDT-SWAP | 0.06831 | 0.0209 | pay 0.0104% / 4h | 2h 26m | $1.9M | $2.1M | 20x |
| Short | Binance SLXUSDT | 0.06827 | 0.0419 | get 0.0209% / 4h | 2h 26m | $2.6M | $3.6M | 25x |
OKX SLX-USDT-SWAP
Binance SLXUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $44.1
- Price spread: −0.057% → −0.012%
- −$4.48
- Slippage, 4 orders
- −$92.14
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.52
- Costs to cover
- 1.121%
- Break-even
- 18.5 days
Slippage from OKX: live order book, 5 min ago; Binance: 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, 5 min ago | 1.46 bp | 32.8 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.46 bp | 29.8 bp −$30 | 202.2 bp −$2,022 | doesn't fit | doesn't fit |
SLX 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SLX-USDT | +0.0100% | 4h | 0.06848 | +0.249% | $1K | $508K | 20x | as long as short |
| KuCoin SLXUSDTM | +0.0104% | 4h | 0.06831 | 0.000% | $998K | $1.6M | 20x | as long as short |
| Bitget SLXUSDT | +0.0176% | 4h | 0.06827 | −0.059% | $1.0M | $355K | 20x | as long as short |
| Gate SLX_USDT | +0.0206% | 4h | 0.06833 | +0.029% | $311K | $756K | 25x | as long as short |
| OKX SLX-USDT-SWAPlong | +0.0209% | 4h | 0.06831 | long leg | $1.9M | $2.1M | 20x | |
| Bybit SLXUSDT | +0.0234% | 4h | 0.06813 | −0.264% | $1.0M | $554K | 20x | as long as short |
| BloFin SLX-USDT | +0.0404% | 4h | 0.06836 | +0.073% | $169K | $8K | 25x | as long as short |
| MEXC SLX_USDT | +0.0418% | 4h | 0.06820 | −0.161% | $1.9M | $257K | 20x | as long as short |
| BingX SLX-USDT | +0.0418% | 4h | 0.06823 | −0.117% | — | $1.7M | — | as long as short |
| Binance SLXUSDTshort | +0.0419% | 4h | 0.06827 | −0.057% | $2.6M | $3.6M | 25x |
SunX SLX-USDT
KuCoin SLXUSDTM
Bitget SLXUSDT
Gate SLX_USDT
Bybit SLXUSDT
BloFin SLX-USDT
MEXC SLX_USDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SLXUSDT | +0.0605% | 4h | 0.06830 | −0.010% | $16K | $30K | 10x | as long as short |
Aster SLXUSDT