Funding you earn now, next payment 00:00 UTC−0.1376%/8h= −150.7% APRnext payment −$6.88 per $10,000 · paid last 24h −0.202%
Price spread now: OKX against BingX−0.158%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days−0.582%−$58 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.158%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and OKX is 0.138% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.582% in total (about -30.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.88 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 | BingX RIVER-USDT | 1.2660 | 0.1476 | pay 0.0738% / 4h | 1h 26m | — | $6.8M | — |
| Short | OKX RIVER-USDT-SWAP | 1.2640 | 0.0100 | get 0.0050% / 4h | 1h 26m | $2.0M | $3.7M | 20x |
BingX RIVER-USDT
OKX RIVER-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
- −$288.96
- Price spread: −0.158% → −0.020%
- −$13.8
- Slippage, 4 orders
- −$50.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$373.37
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 7.91 bp | 16.3 bp −$16 | 73.2 bp −$732 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 3.95 bp | 16.6 bp −$17 | 88.4 bp −$884 | 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 | 1.2640 | −0.158% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAPshort | +0.0100% | 4h | 1.2640 | −0.158% | $2.0M | $3.7M | 20x | |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2640 | −0.158% | $2.4M | $2.0M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2641 | −0.151% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2620 | −0.316% | $2K | $954K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2640 | −0.158% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0194% | 4h | 1.2640 | −0.158% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0408% | 4h | 1.2630 | −0.237% | $419K | $108K | 20x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0562% | 1h | 1.2662 | +0.015% | $57K | $63K | 10x | as long as short |
| Aster RIVERUSDT | +0.0595% | 4h | 1.2653 | −0.053% | $73K | $29K | 10x | as long as short |
Lighter RIVER
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Gate RIVER_USDT
Kraken Futures PF_RIVERUSD
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RIVER-USDT | +0.0605% | 4h | 1.2660 | 0.000% | $422K | $33K | 50x | as long as short |
| MEXC RIVER_USDT | +0.0638% | 4h | 1.2650 | −0.079% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0638% | 4h | 1.2658 | −0.019% | $6.0M | $10.3M | 50x | as long as short |
| Variational Omni RIVER | +0.1160% | 4h | 1.2633 | −0.210% | $42K | $20K | — | as long as short |
| BingX RIVER-USDTlong | +0.1476% | 4h | 1.2660 | long leg | — | $6.8M | — | |
| Bybit RIVERUSDT | +0.1569% | 4h | 1.2650 | −0.079% | $3.8M | $1.7M | 25x | as long as short |
BloFin RIVER-USDT
MEXC RIVER_USDT
Binance RIVERUSDT
Variational Omni RIVER
Bybit RIVERUSDT