W

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.77 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against Binance−0.171%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.171%+$17 · spread now −0.171%, 7d avg −0.023%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.148% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WUSDT	0.01169	0.0100	pay 0.0050% / 4h	2h 03m	$2.9M	$7.1M	50x
Short	OKX W-USDT-SWAP	0.01167	−0.0055	pay 0.0027% / 4h	2h 03m	$1.3M	$2.1M	20x

Funding 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 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 BinancebpFee OKXbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$32.55
Price spread: −0.171% → −0.023%: −$14.8
Slippage, 4 orders: −$80.79
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$148.14
Costs to cover: 1.008%
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	3.41 bp	20.8 bp −$21	105.2 bp −$1,052	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.57 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0861%	1h	0.01169	+0.009%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAPshort	−0.0055%	4h	0.01167	−0.171%	$1.3M	$2.1M	20x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+3.422%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01170	+0.086%	$2.0M	$450K	5x	as long as short
Binance WUSDTlong	+0.0100%	4h	0.01169	long leg	$2.9M	$7.1M	50x
Bybit WUSDT	+0.0100%	4h	0.01167	−0.128%	$4.1M	$2.0M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01170	+0.086%	$444K	$301K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01169	0.000%	$12.7M	$1.8M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01167	−0.171%	$414K	$217K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01170	+0.086%	$1.3M	$585K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01168	−0.094%	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01170	+0.077%	$43K	$47K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01169	−0.013%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01169	+0.002%	$122K	$409K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01169	−0.022%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0296%	1h	0.01178	+0.770%	$14K	$18K	50x	as long as short
Kraken Futures PF_WUSD	+0.0621%	1h	0.01171	+0.206%	$145K	$185K	20x	as long as short