Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.054%

Price spread now: OKX against Binance−0.039%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.039%, 7d avg +0.029%

Together, before fees−0.208%−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.068% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	903.04	0	get 0.0000% / 8h	6h 55m	$1.1M	$1.0M	20x
Short	OKX COST-USDT-SWAP	902.69	0	get 0.0000% / 8h	6h 55m	$441K	$121K	10x

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 −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.029%: −$6.79
Slippage, 4 orders: −$39.87
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.66
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; OKX: live order book, 36 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	0.05 bp	6.8 bp −$7	41.5 bp −$415	doesn't fit	doesn't fit
Sell OKX live order book, 36 min ago	4.10 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	902.80	−0.027%	$45K	$133	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	903.04	long leg	$1.1M	$1.0M	20x
Bybit COSTUSDT	0.0000%	8h	902.55	−0.054%	$490K	$93K	25x	as long as short
OKX COST-USDT-SWAPshort	0.0000%	8h	902.69	−0.039%	$441K	$121K	10x
Gate COST_USDT	0.0000%	8h	903.24	+0.022%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.94	−0.011%	$411K	$79K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.92	−0.013%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.50	−0.060%	$2K	$2.7M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.23	+0.132%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0001%	1h	902.69	−0.039%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.225%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	901.56	−0.163%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.54	−0.166%	—	—	25x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.20	−0.093%	$48K	$971K	20x	as long as short
tradeXYZ xyz:COST	+0.0249%	1h	902.71	−0.036%	$1.8M	$512K	20x	as long as short