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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+5.7153%/8h= +6258.3% APRnext payment +$71.44 per $10,000 · paid last 24h +11.455%
Price spread now: Binance against OKX−33.665%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs+$2,694as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,459as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Long on OKXShort on Binance
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. Binance is 33.665% cheaper against OKX than usual: you would sell low and buy high (spread −33.665% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3,366 on $10k: about 47 hours of funding at the current rate (+$1,715 a day). At the pace of the last 7 days (+27.859% in total) that is about 8.5 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 +$71.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ONE-USDT-SWAP0.005636−5.7053get 0.7132% / 1h47m 23s$7.1M$230.1M10x
ShortBinance ONEUSDT0.0037390.0100get 0.0013% / 1h47m 23s$13.2M$303.4M50x

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

Funding earned
$12,002.17
Price spread: −33.665% → 0.000%
−$3,366.45
Slippage, 4 orders
−$72.18
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$8,543.53
Costs to cover
0.922%
Break-even
2.0 days
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago1.60 bp26.4 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 11 min ago1.72 bp22.6 bp −$2387.5 bp −$875doesn't fitdoesn't fit

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAPlong−5.7053%1h0.005636long leg$7.1M$230.1M10x
KuCoin ONEUSDTM−0.1416%1h0.003888−31.014%$3.6M$11.3M30xas long as short
BloFin ONE-USDT−0.0860%1h0.003750−33.468%$805K$1.8M50xas long as short
Bitget ONEUSDT−0.0208%1h0.003780−32.930%$1.8M$27.5M20xas long as short
Aster ONEUSDT+0.0058%1h0.003734−33.751%$2.0M$4.9M5xas long as short
MEXC ONE_USDT+0.0096%1h0.003736−33.711%$11.4M$13.7M20xas long as short
Binance ONEUSDTshort+0.0100%1h0.003739−33.665%$13.2M$303.4M50x
Gate ONE_USDT+0.0100%8h0.003731−33.799%$1.6M$13.1M20xas long as short
Variational Omni ONE+0.0100%1h0.003773−33.063%$93K$30K—as long as short
BingX ONE-USDT+0.0104%1h0.003733−33.764%—$5.1M—as long as short