Funding you earn now, next payment 08:00 UTC+0.0452%/8h= +49.5% APRnext payment +$4.52 per $10,000 · paid last 24h −0.103%
Price spread now: OKX against Binance+0.046%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1821.815% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.046%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and OKX is 0.064% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance APPUSDT | 328.48 | −0.0452 | get 0.0452% / 8h | 1h 17m | $3.0M | $3.8M | 25x |
| Short | OKX APP-USDT-SWAP | 328.63 | 0 | get 0.0000% / 8h | 1h 17m | $416K | $373K | 25x |
Binance APPUSDT
OKX APP-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $95
- Price spread: +0.046% → −0.017%
- $6.38
- Slippage, 4 orders
- −$161.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$80.16
- Costs to cover
- 1.815%
- Break-even
- 12.9 days
Slippage from Binance: live order book, 4 min ago; OKX: live order book, 23 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, 4 min ago | 0.15 bp | 6.0 bp −$6 | 71.5 bp −$715 | doesn't fit | doesn't fit |
| Sell OKX live order book, 23 min ago | 9.27 bp | 70.2 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
APP on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APPUSDTlong | −0.0452% | 8h | 328.48 | long leg | $3.0M | $3.8M | 25x | |
| OKX APP-USDT-SWAPshort | 0.0000% | 8h | 328.63 | +0.046% | $416K | $373K | 25x | |
| Gate APP_USDT | 0.0000% | 8h | 328.30 | −0.054% | $772K | $640K | 25x | as long as short |
| Bitget APPUSDT | 0.0000% | 8h | 328.47 | −0.002% | $558K | $550K | 20x | as long as short |
| HTX APP-USDT | 0.0000% | 8h | 328.47 | −0.002% | $9K | $241K | 10x | as long as short |
| Extended APP_24_5-USD | +0.0040% | 1h | 329.40 | +0.281% | $23K | $6K | 10x | as long as short |
Gate APP_USDT
Bitget APPUSDT
HTX APP-USDT
Extended APP_24_5-USD