COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h +0.054%

Price spread now: Binance against OKX+0.062%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on OKX Short on Binance

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)+0.037%+$4 · spread now +0.062%, 7d avg −0.030%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.093% dearer against OKX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.030%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	898.82	0.0030	pay 0.0030% / 8h	3h 43m	$440K	$115K	10x
Short	Binance COSTUSDT	899.38	0	get 0.0000% / 8h	3h 43m	$1.1M	$916K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: −$6.4
Price spread: +0.062% → −0.030%: $9.25
Slippage, 4 orders: −$40.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.77
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from OKX: live order book, 7 min ago; Binance: live order book, 4 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, 7 min ago	3.67 bp	32.9 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.22 bp	6.9 bp −$7	49.9 bp −$499	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	899.38	+0.062%	$45K	$178	20x	as long as short
Binance COSTUSDTshort	0.0000%	8h	899.38	+0.062%	$1.1M	$916K	20x
Bybit COSTUSDT	0.0000%	8h	899.66	+0.093%	$491K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.28	+0.051%	$521K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.03	+0.023%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.21	+0.044%	$41K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.10	−0.080%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.18	+0.263%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	899.34	+0.058%	$1.1M	$2.6M	10x	as long as short
OKX COST-USDT-SWAPlong	+0.0030%	8h	898.82	long leg	$440K	$115K	10x

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	−0.761%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.063%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.39	+0.063%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.10	+0.031%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.00	+0.020%	$47K	$886K	20x	as long as short