Funding you earn now, next payment 02:00 UTC−0.0614%/8h= −67.2% APRpaid last 24h −0.018%
Price spread now: tradeXYZ against Binance−0.009%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1191.194% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 2 days (all we have)−0.175%−$18 · spread now −0.009%, 7d avg −0.044%
=Together, before fees−0.141%+ Points / potential airdroptradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.035% dearer against Binance than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment. 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 DKNGUSDT | 22.096 | 0.0837 | pay 0.0837% / 8h | 6h 14m | $270K | $619K | 20x |
| Short | tradeXYZ xyz:DKNG | 22.094 | 0.0223 | get 0.0028% / 1h | 14m 24s | $1.7M | $2.1M | 10x |
Binance DKNGUSDT
tradeXYZ xyz:DKNGFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$128.93
- Price spread: −0.009% → −0.044%
- $3.51
- Slippage, 4 orders
- −$91.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$244.78
- Costs to cover
- 1.194%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; tradeXYZ: live order book, 3 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 | 4.53 bp | 29.5 bp −$30 | 140.4 bp −$1,404 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 3.85 bp | 18.4 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
DKNG on 12 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 DKNGUSDT | 0.0000% | 8h | 22.073 | −0.105% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDT | 0.0000% | 8h | 22.070 | −0.118% | $80K | $67K | 25x | as long as short |
| Gate DKNG_USDT | 0.0000% | 8h | 22.108 | +0.054% | $110K | $5K | 20x | as long as short |
| Bitget DKNGUSDT | 0.0000% | 8h | 22.093 | −0.014% | $124K | $67K | 20x | as long as short |
| SunX DKNG-USDT | 0.0000% | 8h | 22.100 | +0.018% | $838 | $683K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.050 | −0.208% | $6K | $3K | 10x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.480% | $707 | $6K | 12x | as long as short |
| OKX DKNG-USDT-SWAP | +0.0197% | 8h | 22.110 | +0.063% | $113K | $113K | 20x | as long as short |
| tradeXYZ xyz:DKNGshort | +0.0223% | 1h | 22.094 | −0.009% | $1.7M | $2.1M | 10x | |
| Variational Omni DKNG | +0.0781% | 8h | 22.096 | −0.001% | $78K | $51K | — | as long as short |
Aster DKNGUSDT
Bybit DKNGUSDT
Gate DKNG_USDT
Bitget DKNGUSDT
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERP
OKX DKNG-USDT-SWAP
Variational Omni DKNGShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DKNGUSDTlong | +0.0837% | 8h | 22.096 | long leg | $270K | $619K | 20x | |
| KuCoin DKNGUSDTM | +0.0962% | 8h | 22.060 | −0.163% | $89K | $403K | 20x | as long as short |
KuCoin DKNGUSDTM