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−0.133%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1621.623% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.133%, 7d avg +0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.153% cheaper against OKX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INIT-USDT-SWAP | 0.08275 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $137K | $668K | 10x |
| Short | Binance INITUSDT | 0.08264 | 0.0100 | get 0.0050% / 4h | 1h 39m | $3.4M | $3.7M | 25x |
OKX INIT-USDT-SWAP
Binance INITUSDTFunding 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 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: −0.133% → +0.020%
- −$15.26
- Slippage, 4 orders
- −$142.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$177.55
- Costs to cover
- 1.623%
- Break-even
- never at this rate
Slippage from OKX: live order book, 21 min ago; Binance: live order book, 12 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, 21 min ago | 4.84 bp | 44.8 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.60 bp | 36.9 bp −$37 | 99.2 bp −$992 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0072% | 4h | 0.08269 | −0.073% | $152K | $112K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08261 | −0.163% | $300K | $229K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08268 | −0.087% | $27K | $39K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08264 | −0.133% | $3.4M | $3.7M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08263 | −0.145% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAPlong | +0.0100% | 4h | 0.08275 | long leg | $137K | $668K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08254 | −0.254% | $84K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08264 | −0.133% | $448K | $210K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08261 | −0.169% | $328K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08263 | −0.145% | $428K | $312K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08262 | −0.157% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08255 | −0.237% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0242% | 1h | 0.08215 | −0.725% | $3K | $19K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD