Funding arb · Price arb /

NOT

all NOT markets

Swap Backtest

Alert: funding

Alert: spread

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: Binance against OKX+0.081%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1261.260% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.081%, 7d avg +0.024%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.058% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOT-USDT-SWAP	0.0004914	0.0100	pay 0.0050% / 4h	1h 27m	$635K	$673K	20x
Short	Binance NOTUSDT	0.0004918	0.0100	get 0.0050% / 4h	1h 27m	$2.0M	$2.9M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.024%: $5.76
Slippage, 4 orders: −$106.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$120.25
Costs to cover: 1.260%
Break-even: never at this rate

Slippage from OKX: live order book, 16 min ago; Binance: live order book, 15 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, 16 min ago	2.01 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	4.01 bp	22.4 bp −$22	124.9 bp −$1,249	doesn't fit	doesn't fit

NOT on 16 exchanges

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
Variational Omni NOT	+0.0026%	4h	0.0004909	−0.095%	$70K	$37K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−0.814%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0090%	4h	0.0004918	+0.081%	$108K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0004927	+0.260%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004920	+0.122%	$325K	$70K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004921	+0.134%	$14K	$3K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0004918	+0.081%	$2.0M	$2.9M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0004918	+0.081%	$2.1M	$817K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0004914	long leg	$635K	$673K	20x
Gate NOT_USDT	+0.0100%	4h	0.0004918	+0.081%	$138K	$62K	50x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0004919	+0.102%	$1.3M	$452K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0004916	+0.041%	$483K	$137K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0004927	+0.265%	$669K	$523K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0004919	+0.102%	—	$8.3M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0004920	+0.132%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1066%	1h	0.0004934	+0.413%	$48K	$5K	10x	as long as short