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: BingX against OKX−0.048%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−$186as 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)−0.067%−$7 · spread now −0.048%, 7d avg −0.046%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INIT-USDT-SWAP | 0.08382 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $140K | $447K | 10x |
| Short | BingX INIT-USDT | 0.08378 | 0.0100 | get 0.0050% / 4h | 3h 57m | — | $6.6M | — |
OKX INIT-USDT-SWAP
BingX INIT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.048% → −0.046%
- −$0.15
- Slippage, 4 orders
- −$166.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$186.34
- Costs to cover
- 1.862%
- Break-even
- never at this rate
Slippage from OKX: live order book, 38 min ago; BingX: live order book, 9 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, 38 min ago | 6.57 bp | 52.1 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 8.37 bp | 40.4 bp −$40 | 87.4 bp −$874 | 524.0 bp −$52.4K | 821.8 bp −$410.9K |
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 | −0.169% | $5K | $13K | 10x | as long as short |
| BloFin INIT-USDT | +0.0086% | 4h | 0.08383 | +0.012% | $152K | $40K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08384 | +0.026% | $312K | $139K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08380 | −0.024% | $28K | $8K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08381 | −0.012% | $3.4M | $2.5M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08367 | −0.179% | $1.4M | $1.1M | 25x | as long as short |
| OKX INIT-USDT-SWAPlong | +0.0100% | 4h | 0.08382 | long leg | $140K | $447K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08370 | −0.143% | $82K | $14K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08383 | +0.012% | $445K | $139K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08380 | −0.024% | $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 | 0.08373 | −0.107% | $436K | $202K | 25x | as long as short |
| BingX INIT-USDTshort | +0.0100% | 4h | 0.08378 | −0.048% | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08371 | −0.127% | $27K | $10K | — | as long as short |
Bitget INITUSDT
Variational Omni INIT