Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%

Price spread now: Binance against OKX−0.068%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on OKX Short on Binance

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)+0.167%+$17 · spread now −0.068%, 7d avg −0.030%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	901.86	0	get 0.0000% / 8h	4h 59m	$448K	$128K	10x
Short	Binance COSTUSDT	901.25	0	get 0.0000% / 8h	4h 59m	$1.1M	$1.0M	20x

Funding 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 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 OKXbpFee BinancebpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.030%: −$3.85
Slippage, 4 orders: −$78.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.05
Costs to cover: 0.982%
Break-even: never at this rate

Slippage from OKX: live order book, 45 min ago; Binance: 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 OKX live order book, 45 min ago	2.94 bp	24.3 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.00 bp	18.3 bp −$18	63.2 bp −$632	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	901.55	−0.034%	$45K	$133	20x	as long as short
Binance COSTUSDTshort	0.0000%	8h	901.25	−0.068%	$1.1M	$1.0M	20x
Bybit COSTUSDT	0.0000%	8h	901.13	−0.081%	$563K	$138K	25x	as long as short
OKX COST-USDT-SWAPlong	0.0000%	8h	901.86	long leg	$448K	$128K	10x
Gate COST_USDT	0.0000%	8h	901.70	−0.018%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	901.09	−0.085%	$410K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	901.81	−0.005%	$40K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	900.80	−0.118%	$1K	$2.6M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.58	+0.191%	$10K	$41K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.096%	$2K	$28K	12x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	899.85	−0.222%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.14	−0.080%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.65	−0.134%	$1.8M	$521K	20x	as long as short
QFEX COST-USD	+0.0064%	1h	901.36	−0.055%	$1.1M	$2.3M	10x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.20	−0.073%	$48K	$1.1M	20x	as long as short