Funding you earn now, next payment 05:00 UTC−0.0520%/8h= −57.0% APRpaid last 24h +0.098%
Price spread now: tradeXYZ against OKX+0.409%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1601.604% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 4 days (all we have)−0.389%−$39 · spread now +0.409%, 7d avg −0.001%
=Together, before fees−0.146%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.410% dearer against OKX than usual: you sell high and buy low (spread +0.409% now, against its 7-day average of −0.001%): +$41 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.243%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.243% in total (about 12.7% a year). A funding rate is set anew for every payment. 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 | OKX BB-USDT-SWAP | 8.5510 | 0.0491 | pay 0.0491% / 8h | 3h 38m | $214K | $522K | 20x |
| Short | tradeXYZ xyz:BB | 8.5860 | −0.0029 | pay 0.0004% / 1h | 38m 34s | $10.9M | $3.1M | 10x |
OKX BB-USDT-SWAP
tradeXYZ xyz:BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$109.3
- Price spread: +0.409% → −0.001%
- $41.01
- Slippage, 4 orders
- −$132.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$228.73
- Costs to cover
- 1.604%
- Break-even
- never at this rate
Slippage from OKX: live order book, 12 min ago; tradeXYZ: live order book, 10 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, 12 min ago | 12.77 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 3.14 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BBshort | −0.0029% | 1h | 8.5860 | +0.409% | $10.9M | $3.1M | 10x | |
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5560 | +0.058% | $50K | $23K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | +0.222% | — | $1K | 10x | as long as short |
| Extended BB-USD | +0.0048% | 1h | 8.5841 | +0.387% | $9K | $21K | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0189% | 1h | 8.5418 | −0.108% | $494K | $463K | 10x | as long as short |
| QFEX BB-USD | +0.0240% | 1h | 8.5600 | +0.105% | $1.1M | $217K | 10x | as long as short |
| OKX BB-USDT-SWAPlong | +0.0491% | 8h | 8.5510 | long leg | $214K | $522K | 20x | |
| MEXC BBSTOCK_USDT | +0.0758% | 8h | 8.5500 | −0.012% | $311K | $107K | 50x | as long as short |
| Lighter BB | +0.1456% | 1h | 8.5832 | +0.377% | $188K | $144K | 10x | as long as short |
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Extended BB-USD
Ondo Perps BB-USD.P
QFEX BB-USD
MEXC BBSTOCK_USDT
Lighter BB