Funding you earn now, next payment 08:00 UTC−0.0312%/8h= −34.1% APRnext payment −$3.12 per $10,000 · paid last 24h +0.025%
Price spread now: OKX against Binance−0.023%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.023%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.062% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.134%, 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 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.12 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 DELLUSDT | 574.17 | 0.0582 | pay 0.0582% / 8h | 1h 25m | $18.4M | $67.0M | 20x |
| Short | OKX DELL-USDT-SWAP | 574.04 | 0.0270 | get 0.0270% / 8h | 1h 25m | $5.8M | $6.7M | 20x |
Binance DELLUSDT
OKX DELL-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
- −$65.47
- Price spread: −0.023% → +0.039%
- −$6.21
- Slippage, 4 orders
- −$30.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$122.05
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; OKX: live order book, 2 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 | 0.61 bp | 9.8 bp −$10 | 31.3 bp −$313 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.57 bp | 15.3 bp −$15 | 73.4 bp −$734 | doesn't fit | doesn't fit |
DELL on 20 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 DELLUSDT | 0.0000% | 8h | 573.39 | −0.135% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.91 | −0.045% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 574.02 | −0.026% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.91 | −0.045% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.435% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0090% | 1h | 573.19 | −0.171% | $7.5M | $7.0M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.28 | −0.155% | $940K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.30 | +0.023% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 573.29 | −0.153% | $17K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0125% | 8h | 573.88 | −0.051% | $6.1M | $4.0M | 50x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX DELLUSDC | +0.0128% | 4h | 573.57 | −0.104% | $5K | $332K | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0195% | 1h | 573.75 | −0.073% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAPshort | +0.0270% | 8h | 574.04 | −0.023% | $5.8M | $6.7M | 20x | |
| Variational Omni DELL | +0.0499% | 8h | 573.11 | −0.184% | $259K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0560% | 8h | 573.12 | −0.183% | $630 | $147K | 10x | as long as short |
| BloFin DELL-USDT | +0.0560% | 8h | 573.57 | −0.104% | $323K | $234K | 20x | as long as short |
| Binance DELLUSDTlong | +0.0582% | 8h | 574.17 | long leg | $18.4M | $67.0M | 20x | |
| Extended DELL-USD | +0.0584% | 1h | 573.99 | −0.032% | $335K | $1.1M | 10x | as long as short |
| Phoenix DELL | +0.0863% | 1h | 572.96 | −0.211% | $3K | $228K | 10x | as long as short |
| Nado DELL-PERP | +0.0882% | 1h | 572.93 | −0.216% | $69K | $20K | 10x | as long as short |
edgeX DELLUSDC
Polymarket Perps DELL-USD
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Extended DELL-USD
Phoenix DELL
Nado DELL-PERP