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: OKX against Binance−0.119%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1481.482% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.119%, 7d avg −0.043%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.076% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZRXUSDT | 0.1180 | 0.0100 | pay 0.0050% / 4h | 1h 48m | $1.7M | $1.4M | 50x |
| Short | OKX ZRX-USDT-SWAP | 0.1178 | 0.0100 | get 0.0050% / 4h | 1h 48m | $518K | $352K | 20x |
Binance ZRXUSDT
OKX ZRX-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: −0.119% → −0.043%
- −$7.58
- Slippage, 4 orders
- −$128.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$155.82
- Costs to cover
- 1.482%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: live order book, 60 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, 8 min ago | 4.23 bp | 31.1 bp −$31 | 200.2 bp −$2,002 | doesn't fit | doesn't fit |
| Sell OKX live order book, 60 min ago | 7.20 bp | 45.6 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRX_USDT | −0.0531% | 8h | 0.1178 | −0.102% | $141K | $36K | 75x | as long as short |
| Bybit ZRXUSDT | −0.0273% | 8h | 0.1180 | +0.042% | $1.4M | $353K | 25x | as long as short |
| BloFin ZRX-USDT | +0.0067% | 4h | 0.1180 | +0.042% | $91K | $23K | 50x | as long as short |
| Binance ZRXUSDTlong | +0.0100% | 4h | 0.1180 | long leg | $1.7M | $1.4M | 50x | |
| OKX ZRX-USDT-SWAPshort | +0.0100% | 4h | 0.1178 | −0.119% | $518K | $352K | 20x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1180 | +0.042% | $874K | $135K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1180 | +0.042% | $286K | $57K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1181 | +0.127% | $583K | $142K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1178 | −0.128% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1179 | −0.022% | $22K | $13K | — | as long as short |
Gate ZRX_USDT
Bybit ZRXUSDT
BloFin ZRX-USDT
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.0454% | 1h | 0.1181 | +0.151% | $37K | $6K | 10x | as long as short |
Kraken Futures PF_ZRXUSD