Funding you earn now, next payment 12:00 UTC+0.0368%/8h= +40.3% APRnext payment +$1.84 per $10,000 · paid last 24h +0.059%
Price spread now: Gate against OKX−0.034%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$589as in the Funding arb table
Net, price: spread back to 7d avg − costs−$604as in the Price arb table
costs, in and out, $10k−$6116.111% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.034%, 7d avg −0.104%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Gate is 0.070% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.104%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX APR-USDT-SWAP | 0.1466 | 0.0108 | pay 0.0054% / 4h | 3h 39m | $1.2M | $2.5M | 20x |
| Short | Gate APR_USDT | 0.1466 | 0.0476 | get 0.0238% / 4h | 3h 39m | $698K | $196K | 25x |
OKX APR-USDT-SWAP
Gate APR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- $77.27
- Price spread: −0.034% → −0.104%
- $6.98
- Slippage, 4 orders
- −$586.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$526.87
- Costs to cover
- 6.111%
- Break-even
- 54.7 days
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 57 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 OKX live order book, 3 min ago | 6.82 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 57 min ago | 13.96 bp | 253.4 bp −$253 | doesn't fit | 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 | 0.1468 | +0.135% | $6.6M | $5.2M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1467 | +0.068% | $1.4M | $651K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1466 | 0.000% | $372K | $172K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1464 | −0.130% | $1K | $1.2M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1470 | +0.273% | $19K | $37K | 20x | as long as short |
| BloFin APR-USDT | +0.0107% | 4h | 0.1468 | +0.136% | $287K | $113K | 50x | as long as short |
| OKX APR-USDT-SWAPlong | +0.0108% | 4h | 0.1466 | long leg | $1.2M | $2.5M | 20x | |
| Bitget APRUSDT | +0.0272% | 4h | 0.1466 | +0.007% | $3.9M | $1.0M | 50x | as long as short |
| BingX APR-USDT | +0.0294% | 4h | 0.1466 | 0.000% | — | $1.4M | — | as long as short |
| Gate APR_USDTshort | +0.0476% | 4h | 0.1466 | −0.034% | $698K | $196K | 25x |
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BloFin APR-USDT
Bitget APRUSDT
BingX APR-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0625% | 4h | 0.1467 | +0.077% | $70K | $75K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0834% | 4h | 0.1465 | −0.075% | $2.3M | $344K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM