Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.9% APRnext payment +$0.35 per $10,000 · paid last 24h +0.013%
Price spread now: Binance against OKX−0.007%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 2 days (all we have)+0.060%+$6 · spread now −0.007%, 7d avg +0.035%
=Funding pays, the price is against you. Binance is 0.042% cheaper against OKX than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.035%). If the spread goes back, that is −$4 on $10k: about 4.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.024% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AAPL-USDT-SWAP | 339.26 | 0 | get 0.0000% / 8h | 6h 15m | $6.3M | $6.7M | 25x |
| Short | Binance AAPLUSDT | 339.24 | 0.0035 | get 0.0035% / 8h | 6h 15m | $22.3M | $66.8M | 25x |
OKX AAPL-USDT-SWAP
Binance AAPLUSDTFunding 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
- $7.4
- Price spread: −0.007% → +0.035%
- −$4.21
- Slippage, 4 orders
- −$3.6
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$20.41
- Costs to cover
- 0.236%
- Break-even
- 26.3 days
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago | 0.15 bp | 7.2 bp −$7 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.15 bp | 5.9 bp −$6 | 8.7 bp −$87 | 31.5 bp −$3,154 | doesn't fit |
AAPL on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0302% | 4h | 339.12 | −0.042% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0084% | 1h | 339.14 | −0.036% | $555K | $38K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0074% | 1h | 338.98 | −0.083% | $28K | $67K | 10x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.16 | −0.030% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.26 | 0.000% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAPlong | 0.0000% | 8h | 339.26 | long leg | $6.3M | $6.7M | 25x | |
| Gate AAPL_USDT | 0.0000% | 8h | 339.04 | −0.065% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.24 | −0.006% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.16 | −0.028% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.22 | −0.012% | $566 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
Aster AAPLUSDT
Bybit AAPLUSDT
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.06 | −0.059% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.25 | −0.003% | $2.1M | $6K | 10x | as long as short |
| Variational Omni AAPL | +0.0002% | 8h | 339.24 | −0.007% | $2.4M | $1.4M | — | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.13 | −0.038% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.08 | −0.054% | $782K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.13 | −0.038% | $950K | $3.5M | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0032% | 1h | 339.15 | −0.031% | $288K | $2.0M | 10x | as long as short |
| Binance AAPLUSDTshort | +0.0035% | 8h | 339.24 | −0.007% | $22.3M | $66.8M | 25x | |
| Arcus AAPL-USD | +0.0040% | 1h | 339.09 | −0.050% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.05 | −0.062% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.92 | −0.100% | $262K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.19 | −0.021% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.99 | −0.080% | $1.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0055% | 1h | 339.15 | −0.032% | $40.8M | $75.7M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0088% | 1h | 339.16 | −0.029% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.05 | −0.062% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.16 | −0.029% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.09 | −0.050% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.12 | −0.041% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.51 | −0.221% | $655K | $665K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.06 | −0.059% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.30 | +0.012% | $5K | $11K | 20x | as long as short |
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Extended AAPL_24_5-USD
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL