Funding you earn now, next payment 03:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.004%
Price spread now: tradeXYZ against OKX−0.105%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$480.485% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days+0.025%+$2 · spread now −0.105%, 7d avg −0.066%
=Together, before fees+0.137%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.040% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.112%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BE-USDT-SWAP | 275.45 | 0.0121 | pay 0.0121% / 8h | 5h 21m | $2.6M | $6.7M | 25x |
| Short | tradeXYZ xyz:BE | 275.16 | 0.0050 | get 0.0006% / 1h | 21m 51s | $5.9M | $2.7M | 10x |
OKX BE-USDT-SWAP
tradeXYZ xyz:BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- Price spread: −0.105% → −0.066%
- −$3.95
- Slippage, 4 orders
- −$20.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$67.42
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; tradeXYZ: live order book, 5 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, 1 min ago | 1.82 bp | 12.6 bp −$13 | 80.7 bp −$807 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 1.27 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
BE 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 275.24 | −0.076% | $346K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 275.63 | +0.065% | $2.0M | $1.2M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 275.10 | −0.127% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 275.32 | −0.047% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 275.17 | −0.103% | $7K | $164K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.16 | −0.105% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 275.36 | −0.033% | $13K | $34K | 20x | as long as short |
| QFEX BE-USD | +0.0012% | 1h | 275.30 | −0.054% | $1.3M | $2.8M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0016% | 1h | 273.08 | −0.860% | $473K | $129K | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 275.11 | −0.123% | — | — | 10x | as long as short |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USD
Coinbase International BE-PERP-INTX
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 275.26 | −0.069% | $251K | $289K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 275.03 | −0.152% | $115K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 275.26 | −0.069% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0050% | 1h | 275.16 | −0.105% | $5.9M | $2.7M | 10x | |
| Binance BEUSDT | +0.0063% | 8h | 275.52 | +0.025% | $8.4M | $36.1M | 25x | as long as short |
| Extended BE-USD | +0.0064% | 1h | 275.45 | −0.001% | $47K | $261K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 275.31 | −0.051% | $372K | $21K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 275.32 | −0.047% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAPlong | +0.0121% | 8h | 275.45 | long leg | $2.6M | $6.7M | 25x | |
| BloFin BE-USDT | +0.0183% | 8h | 275.33 | −0.044% | $1K | $141K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0513% | 1h | 275.39 | −0.022% | $7K | $4K | 10x | as long as short |
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
Binance BEUSDT
Extended BE-USD
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL