Funding rate arbitrage: Binance vs OKX
Perpetuals listed on both exchanges with at least $1M of 24h volume on each, sorted by the gap between their annualized funding rates.
Updated 3m ago
| Symbol | Binance Annualized | OKX Annualized | Spread (annual) | 7d avg gap | Hedge |
|---|---|---|---|---|---|
| CT | -1.7% | -280.3% | 278.7% | 363.0% | Short Binance / long OKX |
| ONE | -99.2% | +11.0% | 110.2% | 363.8% | Short OKX / long Binance |
| PIPPIN | +97.3% | +11.0% | 86.3% | 8.0% | Short Binance / long OKX |
| 2Z | -2.2% | -62.6% | 60.4% | 3.1% | Short Binance / long OKX |
| FLOCK | -216.7% | -163.8% | 52.9% | 25.6% | Short OKX / long Binance |
| AXS | +11.0% | -38.5% | 49.5% | 8.1% | Short Binance / long OKX |
| SAND | -1050.9% | -1095.0% | 44.1% | 2.9% | Short Binance / long OKX |
| GRVT | +53.2% | +11.0% | 42.2% | 28.6% | Short Binance / long OKX |
| ARX | +54.9% | +13.9% | 41.0% | 28.7% | Short Binance / long OKX |
| BEAT | +50.9% | +11.0% | 39.8% | 4.6% | Short Binance / long OKX |
| TRIA | +11.0% | +47.6% | 36.7% | 22.7% | Short OKX / long Binance |
| EDGE | +43.8% | +11.0% | 32.9% | 15.9% | Short Binance / long OKX |
| OP | +11.0% | -21.6% | 32.5% | 0.7% | Short Binance / long OKX |
| TRUTH | +13.7% | +46.2% | 32.5% | 19.8% | Short OKX / long Binance |
| RAVE | +63.2% | +93.5% | 30.3% | 2.3% | Short OKX / long Binance |
| ZAMA | +11.0% | -18.4% | 29.4% | — | Short Binance / long OKX |
| NEAR | +0.5% | -28.4% | 28.8% | 5.6% | Short Binance / long OKX |
| PUMP | +11.0% | -15.8% | 26.8% | 0.9% | Short Binance / long OKX |
| MOVE | -44.2% | -17.6% | 26.6% | — | Short OKX / long Binance |
| MAGIC | +11.0% | -15.6% | 26.5% | — | Short Binance / long OKX |
| W | +11.0% | -14.9% | 25.8% | — | Short Binance / long OKX |
| SLX | +35.2% | +11.0% | 24.2% | 11.5% | Short Binance / long OKX |
| UB | +11.0% | -12.2% | 23.2% | 2.1% | Short Binance / long OKX |
| PIEVERSE | +33.8% | +11.0% | 22.9% | 16.8% | Short Binance / long OKX |
| FARTCOIN | +17.3% | +37.9% | 20.6% | 2.7% | Short OKX / long Binance |
| GRASS | +30.1% | +11.0% | 19.2% | 4.2% | Short Binance / long OKX |
| USELESS | +29.0% | +11.0% | 18.1% | — | Short Binance / long OKX |
| SOPH | +11.0% | -7.0% | 18.0% | 2.8% | Short Binance / long OKX |
| POL | -24.7% | -7.2% | 17.5% | 1.5% | Short OKX / long Binance |
| LAB | +28.2% | +11.0% | 17.3% | 29.8% | Short Binance / long OKX |
| XPL | +2.0% | -15.2% | 17.2% | — | Short Binance / long OKX |
| RIVER | +50.0% | +33.6% | 16.4% | 3.9% | Short Binance / long OKX |
| H | +14.0% | +29.2% | 15.2% | 2.4% | Short OKX / long Binance |
| ARB | +5.6% | -9.3% | 14.9% | 4.3% | Short Binance / long OKX |
| MINA | -52.5% | -38.3% | 14.2% | — | Short OKX / long Binance |
| MANA | -182.1% | -168.1% | 14.1% | — | Short OKX / long Binance |
| NIGHT | +11.0% | -3.1% | 14.1% | 10.2% | Short Binance / long OKX |
| JTO | +11.0% | -3.1% | 14.1% | 3.9% | Short Binance / long OKX |
| SEI | +6.6% | -7.1% | 13.8% | 7.4% | Short Binance / long OKX |
| MEGA | -13.6% | -27.3% | 13.7% | — | Short Binance / long OKX |
| ZK | +11.0% | -2.5% | 13.5% | — | Short Binance / long OKX |
| ONDO | +9.3% | -4.2% | 13.4% | 3.6% | Short Binance / long OKX |
| RE | +11.0% | -2.4% | 13.3% | 1.9% | Short Binance / long OKX |
| ENA | -1.7% | +11.0% | 12.6% | 0.7% | Short OKX / long Binance |
| PONS | +51.6% | +63.6% | 12.0% | 9.0% | Short OKX / long Binance |
| VVV | +29.9% | +40.3% | 10.4% | — | Short OKX / long Binance |
| ICP | +11.0% | +0.9% | 10.1% | 0.5% | Short Binance / long OKX |
| TRX | -34.5% | -24.5% | 10.0% | 9.6% | Short OKX / long Binance |
| LINK | +11.0% | +1.2% | 9.7% | — | Short Binance / long OKX |
| MUBARAK | +11.0% | +20.5% | 9.6% | — | Short OKX / long Binance |
How the trade works
Open equal-sized positions on both exchanges: short where funding is higher and long where it is lower. Price moves cancel out and you collect the difference between the two funding payments at each settlement.
Risks
A wide gap often closes within hours — the 7-day average gap shows whether it is persistent. Each leg can be liquidated on its own during a sharp move, fees and slippage are paid four times (open and close on both sides), and settlement intervals may differ between exchanges.