Funding you earn now, next payment 04:00 UTC−0.0525%/8h= −57.5% APRnext payment −$2.62 per $10,000 · paid last 24h −0.202%
Price spread now: OKX against Binance+0.187%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1911.913% of the position
Funding, last 7 days−0.382%−$38 on $10k
+Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.187%, 7d avg −0.028%
=The price spread pays, funding is against you. OKX is 0.215% dearer against Binance than usual: you sell high and buy low (spread +0.187% now, against its 7-day average of −0.028%): +$22 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.382% in total) that is about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KGENUSDT | 0.1605 | 0.0625 | pay 0.0312% / 4h | 1h 04m | $4.9M | $820K | 50x |
| Short | OKX KGEN-USDT-SWAP | 0.1608 | 0.0100 | get 0.0050% / 4h | 1h 04m | $195K | $115K | 10x |
Binance KGENUSDT
OKX KGEN-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$110.21
- Price spread: +0.187% → −0.028%
- $21.53
- Slippage, 4 orders
- −$171.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$279.94
- Costs to cover
- 1.913%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; OKX: live order book, 55 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, 3 min ago | 6.19 bp | 48.3 bp −$48 | 273.6 bp −$2,736 | doesn't fit | doesn't fit |
| Sell OKX live order book, 55 min ago | 12.39 bp | 69.2 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
KGEN on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDT | +0.0100% | 4h | 0.1605 | +0.025% | $748K | $297K | 20x | as long as short |
| OKX KGEN-USDT-SWAPshort | +0.0100% | 4h | 0.1608 | +0.187% | $195K | $115K | 10x | |
| Gate KGEN_USDT | +0.0100% | 4h | 0.1605 | −0.031% | $1.5M | $86K | 50x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1610 | +0.280% | $733K | $1.7M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1609 | +0.230% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1603 | −0.093% | $2K | $817K | 20x | as long as short |
| BloFin KGEN-USDT | +0.0599% | 4h | 0.1608 | +0.187% | $223K | $18K | 50x | as long as short |
| MEXC KGEN_USDT | +0.0614% | 4h | 0.1606 | +0.062% | $446K | $102K | 50x | as long as short |
| Binance KGENUSDTlong | +0.0625% | 4h | 0.1605 | long leg | $4.9M | $820K | 50x | |
| BingX KGEN-USDT | +0.0644% | 4h | 0.1607 | +0.125% | — | $6.6M | — | as long as short |
Bybit KGENUSDT
Gate KGEN_USDT
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
BloFin KGEN-USDT
MEXC KGEN_USDT
BingX KGEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget KGENUSDT | +0.0686% | 4h | 0.1608 | +0.187% | $1.7M | $162K | 50x | as long as short |
| Aster KGENUSDT | +0.1002% | 4h | 0.1607 | +0.115% | $19K | $4K | 5x | as long as short |
Bitget KGENUSDT
Aster KGENUSDT