COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: OKX against Binance−0.065%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.065%, 7d avg +0.030%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.096% cheaper against Binance than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.030%). If the spread goes back, that is −$10 on $10k: about 14 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	899.41	0	get 0.0000% / 8h	3h 39m	$1.1M	$916K	20x
Short	OKX COST-USDT-SWAP	898.82	0.0023	get 0.0023% / 8h	3h 39m	$440K	$115K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $4.74
Price spread: −0.065% → +0.030%: −$9.55
Slippage, 4 orders: −$40.62
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$65.43
Costs to cover: 0.606%
Break-even: 103.7 days

Slippage from Binance: live order book, 8 min ago; OKX: live order book, 11 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	1.22 bp	11.6 bp −$12	49.4 bp −$494	doesn't fit	doesn't fit
Sell OKX live order book, 11 min ago	3.67 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	899.35	−0.006%	$45K	$178	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	899.41	long leg	$1.1M	$916K	20x
Bybit COSTUSDT	0.0000%	8h	899.71	+0.034%	$491K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.27	−0.015%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.03	−0.042%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.22	−0.020%	$41K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.00	−0.156%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.19	+0.198%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	899.25	−0.017%	$1.1M	$2.6M	10x	as long as short
OKX COST-USDT-SWAPshort	+0.0023%	8h	898.82	−0.065%	$440K	$115K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.826%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.129%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.41	0.000%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.01	−0.044%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.70	−0.079%	$47K	$887K	20x	as long as short