Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.7% APRnext payment −$2.44 per $10,000 · paid last 24h −0.023%
Price spread now: OKX against Binance−0.077%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1911.912% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 2 days (all we have)+0.072%+$7 · spread now −0.077%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.087% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.44 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 | Binance EWTUSDT | 116.00 | 0.0244 | pay 0.0244% / 8h | 7h 23m | $468K | $844K | 20x |
| Short | OKX EWT-USDT-SWAP | 115.91 | 0 | get 0.0000% / 8h | 7h 23m | $176K | $166K | 20x |
Binance EWTUSDT
OKX EWT-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$51.29
- Price spread: −0.077% → +0.010%
- −$8.65
- Slippage, 4 orders
- −$171.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$251.12
- Costs to cover
- 1.912%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 46 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, 9 min ago | 2.16 bp | 19.2 bp −$19 | 95.3 bp −$953 | doesn't fit | doesn't fit |
| Sell OKX live order book, 46 min ago | 5.18 bp | 57.6 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
EWT 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWT | −0.0084% | 1h | 115.95 | −0.042% | $684K | $192K | 20x | as long as short |
| Aster EWTUSDT | 0.0000% | 8h | 116.04 | +0.033% | $3K | $76 | 20x | as long as short |
| Bybit EWTUSDT | 0.0000% | 8h | 116.00 | +0.001% | $223K | $140K | 25x | as long as short |
| OKX EWT-USDT-SWAPshort | 0.0000% | 8h | 115.91 | −0.077% | $176K | $166K | 20x | |
| Gate EWT_USDT | 0.0000% | 8h | 115.96 | −0.034% | $44K | $4K | 25x | as long as short |
| Bitget EWTUSDT | 0.0000% | 8h | 116.04 | +0.035% | $1.3M | $488K | 20x | as long as short |
| GRVT EWT_USDT_Perp | 0.0000% | 8h | 115.99 | −0.008% | $3K | $198K | 10x | as long as short |
| SunX EWT-USDT | 0.0000% | 8h | 116.00 | +0.001% | $933 | $369K | 10x | as long as short |
| HTX EWT-USDT | 0.0000% | 8h | 115.79 | −0.180% | $16K | $8K | 10x | as long as short |
| Variational Omni EWT | +0.0096% | 8h | 115.99 | −0.011% | $55K | $12K | — | as long as short |
tradeXYZ xyz:EWT
Aster EWTUSDT
Bybit EWTUSDT
Gate EWT_USDT
Bitget EWTUSDT
GRVT EWT_USDT_Perp
SunX EWT-USDT
HTX EWT-USDT
Variational Omni EWTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance EWTUSDTlong | +0.0244% | 8h | 116.00 | long leg | $468K | $844K | 20x | |
| MEXC EWT_USDT | +0.0245% | 8h | 116.00 | +0.001% | $2.4M | $97K | 50x | as long as short |
MEXC EWT_USDT