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: Binance against OKX−0.074%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on OKX Short on Binance

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+0.101%+$10 · spread now −0.074%, 7d avg +0.059%

Together, before fees+0.303%+$30 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: Binance is 0.133% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06757	0.0100	pay 0.0050% / 4h	1h 10m	$1.8M	$6.1M	10x
Short	Binance HUSDT	0.06752	0.0100	get 0.0050% / 4h	1h 10m	$14.5M	$11.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → +0.059%: −$13.33
Slippage, 4 orders: −$112.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$145.89
Costs to cover: 1.326%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 15 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 OKX live order book, 3 min ago	3.71 bp	26.6 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.99 bp	35.7 bp −$36	199.8 bp −$1,998	doesn't fit	doesn't fit

H on 14 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	−7.503%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0040%	4h	0.06742	−0.222%	$1.6M	$9.9M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06755	−0.031%	$110K	$57K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.06752	−0.074%	$14.5M	$11.1M	10x
Bybit HUSDT	+0.0100%	4h	0.06741	−0.237%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06757	long leg	$1.8M	$6.1M	10x
Gate H_USDT	+0.0100%	4h	0.06745	−0.178%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06750	−0.104%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06747	−0.148%	$1.7M	$459K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06751	−0.089%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06736	−0.308%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06749	−0.119%	$1.1M	$434K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06754	−0.040%	$9K	$105K	5x	as long as short
BloFin H-USDT	+0.0111%	4h	0.06761	+0.059%	$585K	$110K	25x	as long as short