Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance−0.112%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.112%, 7d avg −0.077%

Together, before fees−0.041%−$4 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: OKX is 0.035% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06853	0.0100	pay 0.0050% / 4h	1h 36m	$4.2M	$3.2M	25x
Short	OKX BASED-USDT-SWAP	0.06845	0.0100	get 0.0050% / 4h	1h 36m	$2.7M	$3.9M	20x

Funding 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 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 BinancebpFee OKXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.077%: −$3.47
Slippage, 4 orders: −$72.62
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.09
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; OKX: live order book, 1 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, 16 min ago	2.91 bp	24.7 bp −$25	116.3 bp −$1,163	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.73 bp	20.6 bp −$21	129.1 bp −$1,291	doesn't fit	doesn't fit

BASED 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
Binance BASEDUSDTlong	+0.0100%	4h	0.06853	long leg	$4.2M	$3.2M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06842	−0.156%	$2.1M	$714K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06845	−0.112%	$2.7M	$3.9M	20x
Gate BASED_USDT	+0.0100%	4h	0.06851	−0.024%	$537K	$594K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06853	+0.005%	$4.9M	$536K	50x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06857	+0.063%	$1.3M	$390K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06847	−0.083%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06860	+0.111%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06831	−0.310%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06848	−0.068%	$1K	$927K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BASED-USD	+0.0104%	1h	0.06850	−0.032%	$2K	$205K	5x	as long as short
BloFin BASED-USDT	+0.0135%	4h	0.06858	+0.078%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0146%	4h	0.06855	+0.031%	$29K	$6K	5x	as long as short
KuCoin BASEDUSDTM	+0.0192%	4h	0.06864	+0.165%	$584K	$71K	20x	as long as short
Orderly PERP_BASED_USDC	+0.0380%	4h	0.06852	−0.010%	$3K	$664	10x	as long as short