Funding you earn now, next payment 04:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.41 per $10,000 · paid last 24h +0.018%
Price spread now: OKX against Gate+0.234%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$402as in the Funding arb table
Net, price: spread back to 7d avg − costs−$379as in the Price arb table
costs, in and out, $10k−$3953.946% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.234%, 7d avg +0.080%
=The price spread pays, funding is against you. OKX is 0.154% dearer against Gate than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of +0.080%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.078% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ACT_USDT | 0.01111 | 0.0404 | pay 0.0202% / 4h | 2h 32m | $144K | $77K | 25x |
| Short | OKX ACT-USDT-SWAP | 0.01114 | 0.0323 | get 0.0161% / 4h | 2h 32m | $801K | $1.5M | 10x |
Gate ACT_USDT
OKX ACT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$17.07
- Price spread: +0.234% → +0.080%
- $15.41
- Slippage, 4 orders
- −$369.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$396.25
- Costs to cover
- 3.946%
- Break-even
- never at this rate
Slippage from Gate: live order book, 28 min ago; OKX: 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 Gate live order book, 28 min ago | 4.53 bp | 116.9 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.80 bp | 50.6 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
ACT on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ACTUSDT | +0.0100% | 4h | 0.01111 | −0.025% | $2.1M | $2.3M | 10x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01110 | −0.081% | $6.5M | $110K | 20x | as long as short |
| Bitget ACTUSDT | +0.0100% | 4h | 0.01112 | +0.090% | $268K | $87K | 10x | as long as short |
| Bybit ACTUSDT | +0.0113% | 4h | 0.01114 | +0.225% | $598K | $412K | 25x | as long as short |
| BingX ACT-USDT | +0.0216% | 4h | 0.01113 | +0.153% | — | $1.3M | — | as long as short |
| OKX ACT-USDT-SWAPshort | +0.0323% | 4h | 0.01114 | +0.234% | $801K | $1.5M | 10x | |
| Gate ACT_USDTlong | +0.0404% | 4h | 0.01111 | long leg | $144K | $77K | 25x |
Binance ACTUSDT
MEXC ACT_USDT
Bitget ACTUSDT
Bybit ACTUSDT
BingX ACT-USDT