Funding you earn now, next payment 12:00 UTC−0.0837%/8h= −91.6% APRnext payment −$4.18 per $10,000 · paid last 24h −0.122%
Price spread now: Binance against OKX−0.162%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1841.838% of the position
Funding, last 7 days−0.519%−$52 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.162%, 7d avg −0.112%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Binance is 0.050% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.112%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.519% in total (about -27.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.18 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TRUTH-USDT-SWAP | 0.01359 | 0.1696 | pay 0.0848% / 4h | 2h 19m | $238K | $373K | 10x |
| Short | Binance TRUTHUSDT | 0.01357 | 0.0860 | get 0.0430% / 4h | 2h 19m | $4.5M | $1.7M | 20x |
OKX TRUTH-USDT-SWAP
Binance TRUTHUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$175.7
- Price spread: −0.162% → −0.112%
- −$5.01
- Slippage, 4 orders
- −$163.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$364.54
- Costs to cover
- 1.838%
- Break-even
- never at this rate
Slippage from OKX: live order book, 28 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 28 min ago | 6.98 bp | 77.1 bp −$77 | 1084.2 bp −$10.8K | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.58 bp | 37.2 bp −$37 | 272.5 bp −$2,725 | doesn't fit | doesn't fit |
TRUTH on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TRUTHUSDTM | +0.0100% | 4h | 0.01352 | −0.545% | $1.0M | $52K | 10x | as long as short |
| Aster TRUTHUSDT | +0.0610% | 4h | 0.01357 | −0.179% | $36K | $6K | 5x | as long as short |
| Bybit TRUTHUSDT | +0.0742% | 4h | 0.01359 | −0.015% | $1.3M | $385K | 20x | as long as short |
| BloFin TRUTH-USDT | +0.0823% | 4h | 0.01356 | −0.235% | $198K | $14K | 50x | as long as short |
| MEXC TRUTH_USDT | +0.0844% | 4h | 0.01357 | −0.177% | $11.8M | $125K | 20x | as long as short |
| Extended TRUTH-USD | +0.0848% | 1h | 0.01356 | −0.198% | $3K | $206K | 5x | as long as short |
| Gate TRUTH_USDT | +0.0848% | 4h | 0.01355 | −0.294% | $422K | $53K | 20x | as long as short |
| Binance TRUTHUSDTshort | +0.0860% | 4h | 0.01357 | −0.162% | $4.5M | $1.7M | 20x | |
| BingX TRUTH-USDT | +0.1614% | 4h | 0.01358 | −0.074% | — | $6.5M | — | as long as short |
| OKX TRUTH-USDT-SWAPlong | +0.1696% | 4h | 0.01359 | long leg | $238K | $373K | 10x |
KuCoin TRUTHUSDTM
Aster TRUTHUSDT
Bybit TRUTHUSDT
BloFin TRUTH-USDT
MEXC TRUTH_USDT
Extended TRUTH-USD
Gate TRUTH_USDT
BingX TRUTH-USDT