Funding you earn now, next payment 08:00 UTC+0.0210%/8h= +23.0% APRnext payment +$1.05 per $10,000 · paid last 24h +0.005%
Price spread now: OKX against Bitget−0.020%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1331.332% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 7 days+0.136%+$14 · spread now −0.020%, 7d avg +0.054%
=Funding pays, the price is against you. OKX is 0.074% cheaper against Bitget than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.054%). If the spread goes back, that is −$7 on $10k: about 28 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.152% in total) that is about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget APRUSDT | 0.1478 | 0.0114 | pay 0.0057% / 4h | 1h 59m | $3.9M | $1.0M | 50x |
| Short | OKX APR-USDT-SWAP | 0.1478 | 0.0324 | get 0.0162% / 4h | 1h 59m | $1.3M | $2.5M | 20x |
Bitget APRUSDT
OKX APR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $44.07
- Price spread: −0.020% → +0.054%
- −$7.45
- Slippage, 4 orders
- −$111.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$96.56
- Costs to cover
- 1.332%
- Break-even
- 22.3 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 8.48 bp | 37.1 bp −$37 | 311.3 bp −$3,113 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 6.78 bp | 36.4 bp −$36 | 344.3 bp −$3,443 | doesn't fit | doesn't fit |
APR 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDT | +0.0100% | 4h | 0.1479 | +0.047% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1478 | −0.034% | $1.5M | $643K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1478 | −0.020% | $370K | $177K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1478 | 0.000% | $2K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1482 | +0.250% | $19K | $37K | 20x | as long as short |
| Bitget APRUSDTlong | +0.0114% | 4h | 0.1478 | long leg | $3.9M | $1.0M | 50x | |
| BloFin APR-USDT | +0.0118% | 4h | 0.1477 | −0.088% | $288K | $111K | 50x | as long as short |
| BingX APR-USDT | +0.0322% | 4h | 0.1477 | −0.088% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAPshort | +0.0324% | 4h | 0.1478 | −0.020% | $1.3M | $2.5M | 20x | |
| Aster APRUSDT | +0.0718% | 4h | 0.1477 | −0.088% | $71K | $80K | 5x | as long as short |
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BloFin APR-USDT
BingX APR-USDT
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0828% | 4h | 0.1475 | −0.203% | $2.4M | $342K | 50x | as long as short |
| Gate APR_USDT | +0.0954% | 4h | 0.1476 | −0.162% | $700K | $207K | 25x | as long as short |
KuCoin APRUSDTM
Gate APR_USDT