Funding you earn now, next payment 12:00 UTC+0.0591%/8h= +64.7% APRpaid last 24h +0.091%
Price spread now: OKX against Binance−0.039%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.039%, 7d avg +0.032%
=Funding pays, the price is against you. OKX is 0.071% cheaper against Binance than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.032%). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.199% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.199% in total (about 10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XPTUSDT | 1,792 | 0 | get 0.0000% / 4h | 2h 14m | $4.6M | $5.8M | 100x |
| Short | OKX XPT-USDT-SWAP | 1,791.3 | 0.0591 | get 0.0591% / 8h | 6h 14m | $912K | $1.1M | 50x |
Binance XPTUSDT
OKX XPT-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
- $124.12
- Price spread: −0.039% → +0.032%
- −$7.06
- Slippage, 4 orders
- −$18.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $78.22
- Costs to cover
- 0.388%
- Break-even
- 2.6 days
Slippage from Binance: live order book, 1 min ago; OKX: live order book, 5 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, 1 min ago | 1.14 bp | 8.7 bp −$9 | 22.4 bp −$224 | 112.3 bp −$11.2K | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.28 bp | 11.4 bp −$11 | 26.5 bp −$265 | doesn't fit | doesn't fit |
XPT on 21 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPT-USDT | −0.0035% | 4h | 1,791.9 | −0.004% | $87K | $74K | 100x | as long as short |
| Aster XPTUSDT | 0.0000% | 4h | 1,792.2 | +0.013% | $14K | $10K | 20x | as long as short |
| Binance XPTUSDTlong | 0.0000% | 4h | 1,792 | long leg | $4.6M | $5.8M | 100x | |
| MEXC XPT_USDT | 0.0000% | 4h | 1,791.8 | −0.014% | $23.0M | $715K | 100x | as long as short |
| Variational Omni XPT | 0.0000% | 4h | 1,791.8 | −0.009% | $252K | $199K | — | as long as short |
| HTX XPT-USDT | 0.0000% | 4h | 1,791.1 | −0.052% | $11K | $39K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,789.7 | −0.127% | $230 | — | 150x | as long as short |
| edgeX XPTUSDC | +0.0006% | 4h | 1,790.6 | −0.078% | $39K | $282K | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0033% | 1h | 1,811.1 | +1.068% | $6K | $34K | 52x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,788.3 | −0.206% | — | $50 | 25x | as long as short |
BloFin XPT-USDT
Aster XPTUSDT
MEXC XPT_USDT
Variational Omni XPT
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
edgeX XPTUSDC
Injective XPT/USDC PERP
Vest PL-PERPShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:PLATINUM | +0.0050% | 1h | 1,790.6 | −0.078% | $3.4M | $1.1M | 20x | as long as short |
| Gate XPT_USDT | +0.0060% | 4h | 1,792.2 | +0.009% | $653K | $584K | 100x | as long as short |
| Bitget XPTUSDT | +0.0064% | 4h | 1,790.9 | −0.061% | $1.3M | $609K | 100x | as long as short |
| Paradex XPT-USD-PERP | +0.0087% | 8h | 1,791.3 | −0.038% | $3K | — | 5x | as long as short |
| GRVT XPT_USDT_Perp | +0.0096% | 4h | 1,790.7 | −0.075% | $207K | $760K | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,790 | −0.112% | $13K | $34K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,791.6 | −0.022% | $236K | $41K | 75x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,790.2 | −0.102% | $304 | — | 10x | as long as short |
| Lighter XPT | +0.0312% | 1h | 1,792.1 | +0.006% | $358K | $51K | 20x | as long as short |
| Extended XPT-USD | +0.0472% | 1h | 1,789.9 | −0.115% | $147K | $706K | 10x | as long as short |
| OKX XPT-USDT-SWAPshort | +0.0591% | 8h | 1,791.3 | −0.039% | $912K | $1.1M | 50x |
tradeXYZ xyz:PLATINUM
Gate XPT_USDT
Bitget XPTUSDT
Paradex XPT-USD-PERP
GRVT XPT_USDT_Perp
Pacifica PLATINUM
KuCoin XPTUSDTM
Aevo PLATINUM-PERP
Lighter XPT
Extended XPT-USD