Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BingX+0.022%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days−0.450%−$45 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now +0.022%, 7d avg +0.008%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PI-USDT | 0.08991 | 0.0100 | pay 0.0050% / 4h | 1h 05m | — | $6.6M | — |
| Short | OKX PI-USDT-SWAP | 0.08993 | 0.0100 | get 0.0050% / 4h | 1h 05m | $2.6M | $7.7M | 20x |
BingX PI-USDT
OKX PI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- $0
- Price spread: +0.022% → +0.008%
- $1.39
- Slippage, 4 orders
- −$46.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$65.43
- Costs to cover
- 0.668%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; OKX: live order book, 3 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 BingX live order book, 2 min ago | 3.89 bp | 22.0 bp −$22 | 68.7 bp −$687 | 296.9 bp −$29.7K | 634.4 bp −$317.2K |
| Sell OKX live order book, 3 min ago | 0.56 bp | 17.0 bp −$17 | 73.6 bp −$736 | doesn't fit | doesn't fit |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | +1.101% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAPshort | +0.0100% | 4h | 0.08993 | +0.022% | $2.6M | $7.7M | 20x | |
| Gate PI_USDT | +0.0100% | 4h | 0.08990 | −0.011% | $2.6M | $2.5M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.08993 | +0.022% | $10.0M | $1.6M | 125x | as long as short |
| Bitget PIUSDT | +0.0100% | 4h | 0.08990 | −0.011% | $4.9M | $2.3M | 50x | as long as short |
| BingX PI-USDTlong | +0.0100% | 4h | 0.08991 | long leg | — | $6.6M | — |
Injective PI/USDC PERP
Gate PI_USDT
MEXC PI_USDT
Bitget PIUSDT