Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.108%
Price spread now: Binance against OKX+0.157%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 7 days−0.130%−$13 · spread now +0.157%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.087% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2682 | 0.0158 | pay 0.0079% / 4h | 2h 33m | $9.2M | $65.4M | 10x |
| Short | Binance USELESSUSDT | 0.2687 | 0.0231 | get 0.0115% / 4h | 2h 33m | $22.4M | $122.1M | 50x |
OKX USELESS-USDT-SWAP
Binance USELESSUSDTFunding 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
- $15.19
- Price spread: +0.157% → +0.070%
- $8.73
- Slippage, 4 orders
- −$53.82
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.9
- Costs to cover
- 0.738%
- Break-even
- 30.0 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 10 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 | 1.87 bp | 19.8 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.56 bp | 16.6 bp −$17 | 63.2 bp −$632 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2681 | −0.063% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2682 | −0.007% | $11.6M | $22.9M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2688 | +0.193% | $527K | $2.2M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2682 | +0.004% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2684 | +0.060% | $26K | $247K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2686 | +0.116% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2681 | −0.067% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2685 | +0.089% | $638K | $1.1M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0106% | 4h | 0.2681 | −0.063% | $5.1M | $10.4M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0124% | 4h | 0.2683 | +0.026% | $4.9M | $10.6M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2687 | +0.171% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0158% | 4h | 0.2682 | long leg | $9.2M | $65.4M | 10x | |
| edgeX USELESSUSDC | +0.0214% | 4h | 0.2692 | +0.342% | $20K | $196K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0230% | 4h | 0.2683 | +0.022% | $10.8M | $6.0M | 50x | as long as short |
| Binance USELESSUSDTshort | +0.0231% | 4h | 0.2687 | +0.157% | $22.4M | $122.1M | 50x | |
| Extended USELESS-USD | +0.0232% | 1h | 0.2685 | +0.102% | $114K | $1.1M | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0263% | 1h | 0.2688 | +0.209% | $47K | $697K | 25x | as long as short |
| BingX USELESS-USDT | +0.0346% | 4h | 0.2680 | −0.089% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0347% | 4h | 0.2683 | +0.034% | $25.3M | $48.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0516% | 4h | 0.2686 | +0.134% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0651% | 4h | 0.2692 | +0.377% | $1.1M | $2.0M | 12x | as long as short |
| Gate USELESS_USDT | +0.0896% | 4h | 0.2683 | +0.030% | $6.7M | $8.6M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1191% | 4h | 0.2684 | +0.067% | $20K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +5.361% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Gate USELESS_USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP