Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.157%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1231.227% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.179%−$18 · spread now +0.157%, 7d avg +0.084%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.073% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SENT-USDT-SWAP	0.01914	0.0100	pay 0.0050% / 4h	2h 04m	$1.1M	$790K	50x
Short	Binance SENTUSDT	0.01917	0.0100	get 0.0050% / 4h	2h 04m	$6.1M	$3.2M	75x

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

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → +0.084%: $7.31
Slippage, 4 orders: −$102.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$115.37
Costs to cover: 1.227%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: 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 OKX live order book, 2 min ago	2.61 bp	35.0 bp −$35	2772.4 bp −$27.7K	104728.4 bp −$10.47M	doesn't fit
Sell Binance live order book, 4 min ago	2.61 bp	27.5 bp −$28	118.4 bp −$1,184	doesn't fit	doesn't fit

SENT 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
Aster SENTUSDT	+0.0100%	4h	0.01916	+0.120%	$8K	$6K	5x	as long as short
Binance SENTUSDTshort	+0.0100%	4h	0.01917	+0.157%	$6.1M	$3.2M	75x
Bybit SENTUSDT	+0.0100%	4h	0.01916	+0.104%	$1.9M	$1.0M	50x	as long as short
OKX SENT-USDT-SWAPlong	+0.0100%	4h	0.01914	long leg	$1.1M	$790K	50x
Gate SENT_USDT	+0.0100%	4h	0.01916	+0.104%	$270K	$81K	50x	as long as short
MEXC SENT_USDT	+0.0100%	4h	0.01917	+0.157%	$479K	$241K	20x	as long as short
KuCoin SENTUSDTM	+0.0100%	4h	0.01913	−0.052%	$577K	$122K	50x	as long as short
Bitget SENTUSDT	+0.0100%	4h	0.01915	+0.052%	$1.1M	$356K	20x	as long as short
BingX SENT-USDT	+0.0100%	4h	0.01916	+0.104%	—	$1.8M	—	as long as short
SunX SENT-USDT	+0.0100%	4h	0.01915	+0.052%	$3K	$1.2M	20x	as long as short