Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.118%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1261.257% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.118%, 7d avg −0.060%

Together, before fees−0.349%−$35 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 0.178% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06800	0.0100	pay 0.0050% / 4h	1h 56m	$14.6M	$10.9M	10x
Short	OKX H-USDT-SWAP	0.06808	0.0100	get 0.0050% / 4h	1h 56m	$1.8M	$6.0M	10x

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 +0.118%Rate

Funding earned: $0
Price spread: +0.118% → −0.060%: $17.8
Slippage, 4 orders: −$105.65
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.85
Costs to cover: 1.257%
Break-even: never at this rate

Slippage from Binance: live order book, 14 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, 14 min ago	1.47 bp	35.8 bp −$36	315.0 bp −$3,150	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.20 bp	36.5 bp −$37	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.088%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06811	+0.155%	$112K	$55K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06800	long leg	$14.6M	$10.9M	10x
Bybit HUSDT	+0.0100%	4h	0.06789	−0.162%	$7.4M	$4.7M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.06808	+0.118%	$1.8M	$6.0M	10x
Gate H_USDT	+0.0100%	4h	0.06796	−0.059%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06799	−0.015%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06795	−0.074%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06774	−0.382%	$1.7M	$452K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06801	+0.015%	—	$2.7M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06778	−0.326%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06815	+0.218%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06798	−0.024%	$10K	$106K	5x	as long as short