Funding you earn now, next payment 04:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.37 per $10,000 · paid last 24h +0.007%
Price spread now: OKX against Gate+0.027%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$750as in the Funding arb table
Net, price: spread back to 7d avg − costs−$737as in the Price arb table
costs, in and out, $10k−$7317.305% of the position
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.027%, 7d avg +0.097%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.070% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.097%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate APR_USDT | 0.1464 | 0.0400 | pay 0.0200% / 4h | 27m 33s | $699K | $186K | 25x |
| Short | OKX APR-USDT-SWAP | 0.1464 | 0.0327 | get 0.0163% / 4h | 27m 33s | $1.3M | $2.5M | 20x |
Gate APR_USDT
OKX APR-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
- −$15.4
- Price spread: +0.027% → +0.097%
- −$6.96
- Slippage, 4 orders
- −$705.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$752.86
- Costs to cover
- 7.305%
- Break-even
- never at this rate
Slippage from Gate: live order book, 29 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 Gate live order book, 29 min ago | 12.00 bp | 413.2 bp −$413 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 6.81 bp | 32.0 bp −$32 | 356.6 bp −$3,566 | 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 | 0.1464 | +0.004% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1464 | −0.007% | $1.4M | $640K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1463 | −0.041% | $356K | $177K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1466 | +0.171% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0101% | 4h | 0.1471 | +0.506% | $19K | $58K | 20x | as long as short |
| Bitget APRUSDT | +0.0104% | 4h | 0.1464 | +0.007% | $3.9M | $961K | 50x | as long as short |
| BloFin APR-USDT | +0.0115% | 4h | 0.1467 | +0.232% | $286K | $110K | 50x | as long as short |
| BingX APR-USDT | +0.0314% | 4h | 0.1464 | +0.027% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAPshort | +0.0327% | 4h | 0.1464 | +0.027% | $1.3M | $2.5M | 20x | |
| Gate APR_USDTlong | +0.0400% | 4h | 0.1464 | long leg | $699K | $186K | 25x |
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
Bitget APRUSDT
BloFin APR-USDT
BingX APR-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0823% | 4h | 0.1464 | +0.030% | $71K | $80K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0852% | 4h | 0.1465 | +0.068% | $2.3M | $333K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM