Funding you earn now, next payment 08:00 UTC+0.0407%/8h= +44.5% APRnext payment +$4.07 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against Binance+0.055%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now +0.055%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and OKX is 0.073% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.07 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 | Binance AAOIUSDT | 108.70 | 0.0013 | pay 0.0013% / 8h | 2h 09m | $14.7M | $44.4M | 20x |
| Short | OKX AAOI-USDT-SWAP | 108.76 | 0.0420 | get 0.0420% / 8h | 2h 09m | $5.0M | $20.4M | 20x |
Binance AAOIUSDT
OKX AAOI-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
- $85.43
- Price spread: +0.055% → −0.018%
- $7.25
- Slippage, 4 orders
- −$17.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $54.85
- Costs to cover
- 0.378%
- Break-even
- 2.5 days
Slippage from Binance: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago | 0.92 bp | 8.7 bp −$9 | 25.8 bp −$258 | 90.4 bp −$9,041 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.92 bp | 11.1 bp −$11 | 47.0 bp −$470 | doesn't fit | doesn't fit |
AAOI on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAOIUSDT | −0.1442% | 8h | 108.78 | +0.073% | $3.0M | $3.6M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 108.69 | −0.008% | $40K | $37K | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 108.69 | −0.010% | $3.8M | $13.3M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 108.80 | +0.092% | $149K | $127K | — | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 108.85 | +0.138% | $1K | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 108.91 | +0.193% | $24K | $46K | 20x | as long as short |
| Binance AAOIUSDTlong | +0.0013% | 8h | 108.70 | long leg | $14.7M | $44.4M | 20x | |
| Extended AAOI-USD | +0.0016% | 1h | 108.67 | −0.027% | $14K | $234K | 10x | as long as short |
| BloFin AAOI-USDT | +0.0016% | 8h | 108.71 | +0.009% | $274K | $64K | 20x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 108.72 | +0.018% | — | — | 10x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
SunX AAOI-USDT
HTX AAOI-USDT
Extended AAOI-USD
BloFin AAOI-USDT
Lighter AAOIShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAOI_USDT_Perp | +0.0046% | 8h | 108.83 | +0.121% | $399 | $116K | 10x | as long as short |
| Bybit AAOIUSDT | +0.0047% | 8h | 108.70 | 0.000% | $1.7M | $2.8M | 25x | as long as short |
| Popdex AAOIUSDT | +0.0048% | 1h | 108.82 | +0.110% | $208 | $110K | 20x | as long as short |
| QFEX AAOI-USD | +0.0054% | 1h | 108.84 | +0.128% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 108.68 | −0.019% | $456K | $199K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 108.79 | +0.082% | $2K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 108.69 | −0.010% | — | — | 10x | as long as short |
| tradeXYZ xyz:AAOI | +0.0263% | 1h | 108.68 | −0.019% | $2.0M | $1.4M | 10x | as long as short |
| Paragon para:AAOI | +0.0322% | 1h | 108.81 | +0.097% | $228K | $721K | 10x | as long as short |
| OKX AAOI-USDT-SWAPshort | +0.0420% | 8h | 108.76 | +0.055% | $5.0M | $20.4M | 20x | |
| edgeX AAOIUSDC | +0.0838% | 4h | 108.78 | +0.074% | $13K | $263K | 10x | as long as short |
GRVT AAOI_USDT_Perp
Bybit AAOIUSDT
Popdex AAOIUSDT
QFEX AAOI-USD
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
tradeXYZ xyz:AAOI
Paragon para:AAOI
edgeX AAOIUSDC