Funding you earn now, next payment 10:00 UTC−5.1344%/8h= −5622.2% APRnext payment −$64.18 per $10,000 · paid last 24h −11.455%
Price spread now: OKX against Binance+57.516%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,858as in the Funding arb table
Net, price: spread back to 7d avg − costs+$5,680as in the Price arb table
costs, in and out, $10k−$720.717% of the position
Funding, last 7 days−27.859%−$2,786 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 57.516% dearer against Binance than usual: you sell high and buy low (spread +57.516% now, against zero (this spread has no 7-day history yet)): +$5,752 on $10k if it goes back. Holding the pair costs −$1,540 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−27.859% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -27.859% in total (about -1452.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$64.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ONEUSDT | 0.003702 | 0.0400 | pay 0.0050% / 1h | 2h 54m | $13.4M | $292.5M | 50x |
| Short | OKX ONE-USDT-SWAP | 0.005832 | −5.0944 | pay 0.6368% / 1h | 54m 40s | $7.5M | $233.2M | 10x |
Binance ONEUSDT
OKX ONE-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
- −$10,782.21
- Price spread: +57.516% → 0.000%
- $5,751.56
- Slippage, 4 orders
- −$51.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$5,102.36
- Costs to cover
- 0.717%
- Break-even
- from the start
Slippage from Binance: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 1.75 bp | 18.8 bp −$19 | 106.0 bp −$1,060 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.52 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
ONE on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONE-USDT-SWAPshort | −5.0944% | 1h | 0.005832 | +57.516% | $7.5M | $233.2M | 10x | |
| KuCoin ONEUSDTM | −0.1472% | 1h | 0.003842 | +3.773% | $3.7M | $10.9M | 30x | as long as short |
| Aster ONEUSDT | −0.0917% | 1h | 0.003699 | −0.083% | $2.0M | $4.1M | 5x | as long as short |
| BloFin ONE-USDT | −0.0560% | 1h | 0.003712 | +0.259% | $818K | $1.8M | 50x | as long as short |
| Gate ONE_USDT | −0.0173% | 8h | 0.003698 | −0.116% | $1.6M | $12.9M | 20x | as long as short |
| Variational Omni ONE | +0.0100% | 1h | 0.003710 | +0.195% | $91K | $29K | — | as long as short |
| Bitget ONEUSDT | +0.0104% | 1h | 0.003747 | +1.215% | $1.8M | $26.0M | 20x | as long as short |
| BingX ONE-USDT | +0.0104% | 1h | 0.003708 | +0.167% | — | $5.0M | — | as long as short |
| Binance ONEUSDTlong | +0.0400% | 1h | 0.003702 | long leg | $13.4M | $292.5M | 50x | |
| MEXC ONE_USDT | +0.0400% | 1h | 0.003714 | +0.330% | $11.4M | $13.1M | 20x | as long as short |
KuCoin ONEUSDTM
Aster ONEUSDT
BloFin ONE-USDT
Gate ONE_USDT
Variational Omni ONE
Bitget ONEUSDT
BingX ONE-USDT
MEXC ONE_USDT