Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against BingX−0.054%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1341.336% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.054%, 7d avg −0.060%
=The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ATH-USDT | 0.005535 | 0.0100 | pay 0.0050% / 4h | 3h 36m | — | $21.4M | — |
| Short | OKX ATH-USDT-SWAP | 0.005532 | 0.0068 | get 0.0034% / 4h | 3h 36m | $703K | $1.2M | 20x |
BingX ATH-USDT
OKX ATH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- −$6.63
- Price spread: −0.054% → −0.060%
- $0.58
- Slippage, 4 orders
- −$113.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$139.66
- Costs to cover
- 1.336%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; OKX: live order book, 5 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 BingX live order book, 2 min ago | 4.52 bp | 28.4 bp −$28 | 78.0 bp −$780 | 606.7 bp −$60.7K | 952.6 bp −$476.3K |
| Sell OKX live order book, 5 min ago | 2.72 bp | 35.1 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
ATH on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ATHUSD | −0.2813% | 1h | 0.005528 | −0.128% | $19K | $106K | 10x | as long as short |
| Variational Omni ATH | −0.0034% | 4h | 0.005525 | −0.187% | $186K | $93K | — | as long as short |
| dYdX ATH-USD | 0.0000% | 1h | 0.005545 | +0.183% | $11K | $16 | 5x | as long as short |
| OKX ATH-USDT-SWAPshort | +0.0068% | 4h | 0.005532 | −0.054% | $703K | $1.2M | 20x | |
| BloFin ATH-USDT | +0.0069% | 4h | 0.005526 | −0.163% | $171K | $69K | 75x | as long as short |
| Aster ATHUSDT | +0.0100% | 4h | 0.005542 | +0.128% | $5K | $39K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005541 | +0.106% | $3.4M | $3.9M | 50x | as long as short |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005533 | −0.036% | $4.4M | $2.4M | 25x | as long as short |
| Gate ATH_USDT | +0.0100% | 4h | 0.005534 | −0.018% | $790K | $514K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005539 | +0.072% | $8.9M | $582K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
BloFin ATH-USDT
Aster ATHUSDT
Binance ATHUSDT
Bybit ATHUSDT
Gate ATH_USDT
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005532 | −0.054% | $558K | $78K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005540 | +0.090% | $1.6M | $857K | 25x | as long as short |
| BingX ATH-USDTlong | +0.0100% | 4h | 0.005535 | long leg | — | $21.4M | — |
KuCoin ATHUSDTM
Bitget ATHUSDT