Funding you earn now, next payment 08:00 UTC−0.0374%/8h= −41.0% APRnext payment −$3.74 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against OKX−0.046%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.046%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.065% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
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 −$3.74 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 AAOI-USDT-SWAP | 108.78 | 0.0374 | pay 0.0374% / 8h | 3h 05m | $4.8M | $19.7M | 20x |
| Short | Binance AAOIUSDT | 108.73 | 0 | get 0.0000% / 8h | 3h 05m | $14.8M | $43.2M | 20x |
OKX AAOI-USDT-SWAP
Binance AAOIUSDTFunding 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
- −$78.56
- Price spread: −0.046% → +0.019%
- −$6.47
- Slippage, 4 orders
- −$20.78
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.8
- Costs to cover
- 0.408%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 7 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, 3 min ago | 0.46 bp | 10.8 bp −$11 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.83 bp | 12.0 bp −$12 | 36.6 bp −$366 | 94.7 bp −$9,467 | 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 | −0.0627% | 8h | 108.81 | +0.028% | $2.8M | $3.2M | 20x | as long as short |
| BloFin AAOI-USDT | −0.0023% | 8h | 108.73 | −0.046% | $270K | $63K | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 108.66 | −0.110% | $40K | $37K | 20x | as long as short |
| Extended AAOI-USD | 0.0000% | 1h | 108.64 | −0.127% | $14K | $224K | 10x | as long as short |
| Binance AAOIUSDTshort | 0.0000% | 8h | 108.73 | −0.046% | $14.8M | $43.2M | 20x | |
| Gate AAOI_USDT | 0.0000% | 8h | 108.74 | −0.037% | $3.9M | $13.3M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 108.83 | +0.042% | $149K | $130K | — | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 108.70 | −0.074% | $948 | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 108.77 | −0.009% | $24K | $45K | 20x | as long as short |
| GRVT AAOI_USDT_Perp | +0.0029% | 8h | 108.95 | +0.154% | $339 | $109K | 10x | as long as short |
Bitget AAOIUSDT
BloFin AAOI-USDT
Aster AAOIUSDT
Extended AAOI-USD
Gate AAOI_USDT
Variational Omni AAOI
SunX AAOI-USDT
HTX AAOI-USDT
GRVT AAOI_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AAOI | +0.0032% | 1h | 108.70 | −0.074% | — | — | 10x | as long as short |
| Popdex AAOIUSDT | +0.0048% | 1h | 108.72 | −0.055% | $1K | $109K | 20x | as long as short |
| QFEX AAOI-USD | +0.0076% | 1h | 108.70 | −0.074% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 108.70 | −0.074% | $456K | $192K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 108.66 | −0.110% | $2K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 108.66 | −0.114% | — | — | 10x | as long as short |
| Bybit AAOIUSDT | +0.0121% | 8h | 108.70 | −0.074% | $1.8M | $2.7M | 25x | as long as short |
| OKX AAOI-USDT-SWAPlong | +0.0374% | 8h | 108.78 | long leg | $4.8M | $19.7M | 20x | |
| tradeXYZ xyz:AAOI | +0.0388% | 1h | 108.70 | −0.074% | $2.0M | $1.4M | 10x | as long as short |
| Paragon para:AAOI | +0.0411% | 1h | 108.65 | −0.120% | $229K | $720K | 10x | as long as short |
| edgeX AAOIUSDC | +0.0667% | 4h | 108.79 | +0.011% | $13K | $263K | 10x | as long as short |
Lighter AAOI
Popdex AAOIUSDT
QFEX AAOI-USD
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
Bybit AAOIUSDT
tradeXYZ xyz:AAOI
Paragon para:AAOI
edgeX AAOIUSDC