Funding you earn now, next payment 08:00 UTC+0.0648%/8h= +70.9% APRnext payment +$6.48 per $10,000 · paid last 24h +0.076%
Price spread now: Binance against OKX−0.050%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1471.466% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 2 days (all we have)+0.127%+$13 · spread now −0.050%, 7d avg +0.024%
=Funding pays, the price is against you. Binance is 0.074% cheaper against OKX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.024%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.096% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.48 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 | OKX DKNG-USDT-SWAP | 22.110 | 0.0204 | pay 0.0204% / 8h | 6h 17m | $113K | $113K | 20x |
| Short | Binance DKNGUSDT | 22.099 | 0.0852 | get 0.0852% / 8h | 6h 17m | $270K | $619K | 20x |
OKX DKNG-USDT-SWAP
Binance DKNGUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $135.98
- Price spread: −0.050% → +0.024%
- −$7.43
- Slippage, 4 orders
- −$126.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.09
- Costs to cover
- 1.466%
- Break-even
- 7.9 days
Slippage from OKX: live order book, 47 min ago; Binance: live order book, 75 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, 47 min ago | 2.26 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 75 min ago | 4.53 bp | 24.7 bp −$25 | 149.5 bp −$1,495 | doesn't fit | doesn't fit |
DKNG on 12 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 DKNGUSDT | 0.0000% | 8h | 22.117 | +0.033% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDT | 0.0000% | 8h | 22.100 | −0.045% | $81K | $67K | 25x | as long as short |
| Gate DKNG_USDT | 0.0000% | 8h | 22.120 | +0.045% | $110K | $5K | 20x | as long as short |
| Bitget DKNGUSDT | 0.0000% | 8h | 22.093 | −0.077% | $124K | $67K | 20x | as long as short |
| SunX DKNG-USDT | 0.0000% | 8h | 22.100 | −0.045% | $838 | $683K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.120 | +0.045% | $6K | $3K | 10x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.543% | $707 | $6K | 12x | as long as short |
| OKX DKNG-USDT-SWAPlong | +0.0204% | 8h | 22.110 | long leg | $113K | $113K | 20x | |
| tradeXYZ xyz:DKNG | +0.0235% | 1h | 22.094 | −0.072% | $1.7M | $2.1M | 10x | as long as short |
| Variational Omni DKNG | +0.0804% | 8h | 22.096 | −0.064% | $78K | $51K | — | as long as short |
Aster DKNGUSDT
Bybit DKNGUSDT
Gate DKNG_USDT
Bitget DKNGUSDT
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERP
tradeXYZ xyz:DKNG
Variational Omni DKNGShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DKNGUSDTshort | +0.0852% | 8h | 22.099 | −0.050% | $270K | $619K | 20x | |
| KuCoin DKNGUSDTM | +0.0982% | 8h | 22.060 | −0.226% | $89K | $404K | 20x | as long as short |
KuCoin DKNGUSDTM