Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.58 per $10,000 · paid last 24h −0.165%
Price spread now: Binance against OKX−0.027%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days+0.159%+$16 · spread now −0.027%, 7d avg +0.018%
=Funding pays, the price is against you. Binance is 0.045% cheaper against OKX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.018%). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LA-USDT-SWAP | 0.07416 | −0.0321 | get 0.0161% / 4h | 23m 10s | $1.3M | $3.1M | 20x |
| Short | Binance LAUSDT | 0.07414 | −0.0204 | pay 0.0102% / 4h | 23m 10s | $4.7M | $9.8M | 25x |
OKX LA-USDT-SWAP
Binance LAUSDTFunding 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
- $24.49
- Price spread: −0.027% → +0.018%
- −$4.54
- Slippage, 4 orders
- −$53.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$54.04
- Costs to cover
- 0.740%
- Break-even
- 22.4 days
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 2 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, 4 min ago | 2.02 bp | 22.4 bp −$22 | 541.3 bp −$5,413 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.35 bp | 15.7 bp −$16 | 41.1 bp −$411 | doesn't fit | doesn't fit |
LA on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LAUSDTM | −0.0658% | 4h | 0.07408 | −0.108% | $1.0M | $85K | 30x | as long as short |
| Gate LA_USDT | −0.0498% | 4h | 0.07408 | −0.108% | $234K | $833K | 50x | as long as short |
| Bitget LAUSDT | −0.0462% | 4h | 0.07410 | −0.081% | $2.0M | $494K | 25x | as long as short |
| BingX LA-USDT | −0.0412% | 4h | 0.07410 | −0.081% | — | $6.6M | — | as long as short |
| Aster LAUSDT | −0.0338% | 4h | 0.07407 | −0.123% | $51K | $24K | 5x | as long as short |
| OKX LA-USDT-SWAPlong | −0.0321% | 4h | 0.07416 | long leg | $1.3M | $3.1M | 20x | |
| Binance LAUSDTshort | −0.0204% | 4h | 0.07414 | −0.027% | $4.7M | $9.8M | 25x | |
| MEXC LA_USDT | −0.0204% | 4h | 0.07412 | −0.054% | $378K | $133K | 50x | as long as short |
| BloFin LA-USDT | −0.0162% | 4h | 0.07401 | −0.202% | $245K | $20K | 25x | as long as short |
| Bybit LAUSDT | −0.0061% | 4h | 0.07415 | −0.013% | $2.3M | $2.6M | 25x | as long as short |
KuCoin LAUSDTM
Gate LA_USDT
Bitget LAUSDT
BingX LA-USDT
Aster LAUSDT
MEXC LA_USDT
BloFin LA-USDT
Bybit LAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07410 | −0.081% | $146K | $478K | 10x | as long as short |
GRVT LA_USDT_Perp