BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1176%/8h= −128.7% APRnext payment −$11.76 per $10,000 · paid last 24h −0.004%

Price spread now: OKX against Binance−0.016%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2112.114% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 2 days (all we have)+0.016%+$2 · spread now −0.016%, 7d avg +0.001%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$35 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.76 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 BXUSDT	126.48	0.1437	pay 0.1437% / 8h	40m 07s	$802K	$459K	20x
Short	OKX BX-USDT-SWAP	126.46	0.0261	get 0.0261% / 8h	40m 07s	$163K	$109K	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 −0.016%Rate

Funding earned: −$246.87
Price spread: −0.016% → +0.001%: −$1.66
Slippage, 4 orders: −$191.43
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$459.95
Costs to cover: 2.114%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; OKX: live order book, 35 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, 7 min ago	1.18 bp	17.3 bp −$17	120.4 bp −$1,204	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	7.51 bp	83.6 bp −$84	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
Aster BXUSDT	0.0000%	8h	126.23	−0.197%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.57	+0.071%	$495K	$859K	25x	as long as short
QFEX BX-USD	0.0000%	1h	131.04	+3.605%	$1.1M	$1.3M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.74	+0.206%	$426K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.72	+0.190%	$904K	$44K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.51	+0.024%	$702	$303K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.64	+0.127%	$7K	$3K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.57	+9.559%	$4K	$32K	12x	as long as short
OKX BX-USDT-SWAPshort	+0.0261%	8h	126.46	−0.016%	$163K	$109K	20x
tradeXYZ xyz:BX	+0.0417%	1h	126.36	−0.095%	$663K	$181K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.1063%	8h	126.50	+0.016%	$113K	$1.1M	20x	as long as short
Variational Omni BX	+0.1101%	8h	126.53	+0.039%	$31K	$127	—	as long as short
Binance BXUSDTlong	+0.1437%	8h	126.48	long leg	$802K	$459K	20x
GRVT BX_USDT_Perp	+0.2200%	8h	126.62	+0.107%	$612	$122K	10x	as long as short