Funding you earn now, next payment 04:00 UTC−0.0447%/8h= −48.9% APRnext payment −$2.23 per $10,000 · paid last 24h −0.131%
Price spread now: OKX against Binance−0.079%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 7 days+0.065%+$6 · spread now −0.079%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.049% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.234% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.23 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 RIVERUSDT | 1.2680 | 0.0547 | pay 0.0273% / 4h | 3h 34m | $6.1M | $10.4M | 50x |
| Short | OKX RIVER-USDT-SWAP | 1.2670 | 0.0100 | get 0.0050% / 4h | 3h 34m | $2.1M | $3.7M | 20x |
Binance RIVERUSDT
OKX RIVER-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
- −$93.84
- Price spread: −0.079% → −0.030%
- −$4.93
- Slippage, 4 orders
- −$55.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$174.5
- Costs to cover
- 0.757%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 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 Binance live order book, 5 min ago | 3.94 bp | 16.7 bp −$17 | 77.2 bp −$772 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.94 bp | 21.9 bp −$22 | 109.6 bp −$1,096 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2670 | −0.079% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAPshort | +0.0100% | 4h | 1.2670 | −0.079% | $2.1M | $3.7M | 20x | |
| Gate RIVER_USDT | +0.0100% | 4h | 1.2680 | 0.000% | $427K | $111K | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2670 | −0.079% | $2.5M | $2.4M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2690 | +0.079% | $36K | $425K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2660 | −0.158% | $1K | $999K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2710 | +0.237% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0210% | 4h | 1.2680 | 0.000% | $3.0M | $1.9M | 20x | as long as short |
| Variational Omni RIVER | +0.0350% | 4h | 1.2678 | −0.015% | $42K | $20K | — | as long as short |
| BloFin RIVER-USDT | +0.0515% | 4h | 1.2700 | +0.158% | $424K | $33K | 50x | as long as short |
Lighter RIVER
Gate RIVER_USDT
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Variational Omni RIVER
BloFin RIVER-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0544% | 4h | 1.2680 | 0.000% | $3.8M | $1.5M | 50x | as long as short |
| Binance RIVERUSDTlong | +0.0547% | 4h | 1.2680 | long leg | $6.1M | $10.4M | 50x | |
| Aster RIVERUSDT | +0.0616% | 4h | 1.2667 | −0.101% | $73K | $31K | 10x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0790% | 1h | 1.2686 | +0.051% | $57K | $71K | 10x | as long as short |
| BingX RIVER-USDT | +0.0850% | 4h | 1.2680 | 0.000% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1028% | 4h | 1.2680 | 0.000% | $3.8M | $1.7M | 25x | as long as short |
MEXC RIVER_USDT
Aster RIVERUSDT
Kraken Futures PF_RIVERUSD
BingX RIVER-USDT
Bybit RIVERUSDT