Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BingX−0.012%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1861.862% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.012%, 7d avg +0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.058% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08392 | 0.0100 | pay 0.0050% / 4h | 3h 57m | — | $6.6M | — |
| Short | OKX INIT-USDT-SWAP | 0.08391 | 0.0100 | get 0.0050% / 4h | 3h 57m | $140K | $447K | 10x |
BingX INIT-USDT
OKX INIT-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
- $0
- Price spread: −0.012% → +0.046%
- −$5.81
- Slippage, 4 orders
- −$166.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$192
- Costs to cover
- 1.862%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; OKX: live order book, 38 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, 9 min ago | 8.37 bp | 41.6 bp −$42 | 94.1 bp −$941 | 516.3 bp −$51.6K | 764.7 bp −$382.3K |
| Sell OKX live order book, 38 min ago | 6.57 bp | 52.1 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
INIT 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_INITUSD | −0.0127% | 1h | 0.08368 | −0.288% | $5K | $13K | 10x | as long as short |
| BloFin INIT-USDT | +0.0086% | 4h | 0.08383 | −0.107% | $152K | $40K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08384 | −0.093% | $312K | $139K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08382 | −0.114% | $28K | $8K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08393 | +0.017% | $3.5M | $2.5M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08379 | −0.155% | $1.4M | $1.1M | 25x | as long as short |
| OKX INIT-USDT-SWAPshort | +0.0100% | 4h | 0.08391 | −0.012% | $140K | $447K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08377 | −0.179% | $82K | $14K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08393 | +0.012% | $445K | $139K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08380 | −0.143% | $326K | $39K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08385 | −0.083% | $436K | $201K | 25x | as long as short |
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08392 | long leg | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08371 | −0.246% | $27K | $10K | — | as long as short |
Bitget INITUSDT
Variational Omni INIT