Funding you earn now, next payment 08:00 UTC−0.0435%/8h= −47.6% APRnext payment −$4.35 per $10,000 · paid last 24h −0.071%
Price spread now: OKX against Binance+0.084%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 0.084% dearer against Binance than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.133% in total) that is about 4.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.35 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 WMTUSDT | 107.54 | 0.0435 | pay 0.0435% / 8h | 5h 51m | $1.6M | $1.0M | 20x |
| Short | OKX WMT-USDT-SWAP | 107.63 | 0 | get 0.0000% / 8h | 5h 51m | $82K | $33K | 20x |
Binance WMTUSDT
OKX WMT-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
- −$91.32
- Price spread: +0.084% → 0.000%
- $8.37
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$102.95
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 min ago; OKX: no order-book sample. Net counts fees only.
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, 12 min ago | 0.93 bp | 11.2 bp −$11 | 47.4 bp −$474 | doesn't fit | doesn't fit |
| Sell OKX no order-book sample | — | — | — | — | — |
OKX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
WMT 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 WMTUSDT | 0.0000% | 8h | 107.43 | −0.098% | $4K | $71 | 20x | as long as short |
| Bybit WMTUSDT | 0.0000% | 8h | 107.63 | +0.084% | $118K | $12K | 50x | as long as short |
| OKX WMT-USDT-SWAPshort | 0.0000% | 8h | 107.63 | +0.084% | $82K | $33K | 20x | |
| Gate WMT_USDT | 0.0000% | 8h | 107.53 | −0.009% | $815K | $20K | 25x | as long as short |
| Bitget WMTUSDT | 0.0000% | 8h | 107.52 | −0.019% | $541K | $93K | 50x | as long as short |
| GRVT WMT_USDT_Perp | 0.0000% | 8h | 107.56 | +0.018% | $402 | $125K | 10x | as long as short |
| HTX WMT-USDT | 0.0000% | 8h | 107.76 | +0.205% | $5K | $351K | 20x | as long as short |
| QFEX WMT-USD | +0.0017% | 1h | 107.51 | −0.028% | $1.1M | $2.7M | 10x | as long as short |
| Injective WMT/USDC PERP | +0.0033% | 1h | 106.82 | −0.670% | $3K | $26K | 12x | as long as short |
| KuCoin WMTUSDTM | +0.0100% | 8h | 107.51 | −0.028% | $33K | $731K | 20x | as long as short |
Aster WMTUSDT
Bybit WMTUSDT
Gate WMT_USDT
Bitget WMTUSDT
GRVT WMT_USDT_Perp
HTX WMT-USDT
QFEX WMT-USD
Injective WMT/USDC PERP
KuCoin WMTUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX WMT-USDT | +0.0100% | 8h | 107.53 | −0.009% | $2K | $2.9M | 10x | as long as short |
| edgeX WMTUSDC | +0.0263% | 4h | 107.52 | −0.023% | $15K | $255K | 10x | as long as short |
| Variational Omni WMT | +0.0291% | 8h | 107.52 | −0.016% | $61K | $77K | — | as long as short |
| Extended WMT-USD | +0.0432% | 1h | 107.51 | −0.027% | $23K | $115K | 10x | as long as short |
| Binance WMTUSDTlong | +0.0435% | 8h | 107.54 | long leg | $1.6M | $1.0M | 20x |
SunX WMT-USDT
edgeX WMTUSDC
Variational Omni WMT
Extended WMT-USD