Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%
Price spread now: OKX against BingX+0.026%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1171.167% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now +0.026%, 7d avg +0.017%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01176 | 0.0100 | pay 0.0050% / 4h | 3h 37m | — | $6.7M | — |
| Short | OKX W-USDT-SWAP | 0.01177 | 0.0100 | get 0.0050% / 4h | 3h 37m | $1.3M | $1.4M | 20x |
BingX W-USDT
OKX W-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
- $0
- Price spread: +0.026% → +0.017%
- $0.81
- Slippage, 4 orders
- −$96.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$115.87
- Costs to cover
- 1.167%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; OKX: 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 BingX live order book, 14 min ago | 5.10 bp | 27.9 bp −$28 | 93.4 bp −$934 | 795.5 bp −$79.5K | 1206.2 bp −$603.1K |
| Sell OKX live order book, 4 min ago | 1.27 bp | 30.4 bp −$30 | 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 | −0.0175% | 1h | 0.01177 | +0.060% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.780% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.145% | $2.0M | $270K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01177 | +0.061% | $3.0M | $5.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01175 | −0.094% | $4.1M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAPshort | +0.0100% | 4h | 0.01177 | +0.026% | $1.3M | $1.4M | 20x | |
| Gate W_USDT | +0.0100% | 4h | 0.01175 | −0.111% | $429K | $217K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | +0.060% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01176 | −0.026% | $387K | $190K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.145% | $1.3M | $536K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01176 | long leg | — | $6.7M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.140% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01180 | +0.315% | $126K | $374K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | +0.034% | $59K | $384K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01183 | +0.527% | $13K | $13K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0715% | 1h | 0.01179 | +0.230% | $46K | $52K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0897% | 1h | 0.01180 | +0.279% | $147K | $49K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD