Funding you earn now, next payment 16:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against Binance−0.059%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.059%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.055% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 197.79 | 0.0023 | pay 0.0023% / 8h | 6h 56m | $14.6M | $79.1M | 20x |
| Short | OKX COIN-USDT-SWAP | 197.67 | 0 | get 0.0000% / 8h | 6h 56m | $3.1M | $4.7M | 20x |
Binance COINUSDT
OKX COIN-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
- −$4.85
- Price spread: −0.059% → −0.004%
- −$5.51
- Slippage, 4 orders
- −$22.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$52.6
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; OKX: live order book, 1 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, 16 min ago | 0.50 bp | 8.6 bp −$9 | 17.7 bp −$177 | 59.7 bp −$5,966 | doesn't fit |
| Sell OKX live order book, 1 min ago | 3.28 bp | 13.4 bp −$13 | 23.9 bp −$239 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.14 | −0.327% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0155% | 1h | 197.47 | −0.160% | $380K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0018% | 1h | 197.61 | −0.089% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.86 | +0.040% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.77 | −0.008% | $4.7M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAPshort | 0.0000% | 8h | 197.67 | −0.059% | $3.1M | $4.7M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 197.73 | −0.029% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.71 | −0.039% | $6.4M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | +0.102% | $672K | $831K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.239% | $14K | $3.0M | 10x | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COIN | +0.0007% | 1h | 197.65 | −0.069% | $14.9M | $12.3M | 10x | as long as short |
| Binance COINUSDTlong | +0.0023% | 8h | 197.79 | long leg | $14.6M | $79.1M | 20x | |
| Extended COIN_24_5-USD | +0.0024% | 1h | 197.75 | −0.016% | $105K | $848K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.70 | −0.044% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.71 | −0.039% | $471K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.69 | −0.049% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.89 | +0.052% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.67 | −0.059% | $138K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.70 | −0.044% | $75 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.80 | +0.007% | $933K | $228K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.00 | +0.108% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.75 | −0.018% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.70 | −0.044% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0108% | 8h | 197.91 | +0.062% | $190K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.214% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDC | +0.0632% | 4h | 198.03 | +0.121% | $51K | $293K | 10x | as long as short |
tradeXYZ xyz:COIN
Extended COIN_24_5-USD
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC