Funding you earn now, next payment 04:00 UTC−0.0221%/8h= −24.2% APRnext payment −$1.10 per $10,000 · paid last 24h −0.054%
Price spread now: Bitget against OKX−0.038%7-day average +0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2132.133% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days+0.153%+$15 · spread now −0.038%, 7d avg +0.115%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.153% cheaper against OKX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.115%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.10 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 ARX-USDT-SWAP | 0.2101 | 0.0321 | pay 0.0160% / 4h | 54m 00s | $750K | $3.3M | 20x |
| Short | Bitget ARXUSDT | 0.2100 | 0.0100 | get 0.0050% / 4h | 54m 00s | $2.0M | $1.8M | 20x |
OKX ARX-USDT-SWAP
Bitget ARXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$46.4
- Price spread: −0.038% → +0.115%
- −$15.29
- Slippage, 4 orders
- −$191.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$275.01
- Costs to cover
- 2.133%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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 | 4.77 bp | 62.3 bp −$62 | 2772.8 bp −$27.7K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 7.86 bp | 46.1 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARX_USDT | +0.0100% | 4h | 0.2110 | +0.428% | $1.1M | $435K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2098 | −0.124% | $737K | $814K | 20x | as long as short |
| Bitget ARXUSDTshort | +0.0100% | 4h | 0.2100 | −0.038% | $2.0M | $1.8M | 20x | |
| OKX ARX-USDT-SWAPlong | +0.0321% | 4h | 0.2101 | long leg | $750K | $3.3M | 20x | |
| Bybit ARXUSDT | +0.0322% | 4h | 0.2103 | +0.095% | $4.3M | $2.4M | 20x | as long as short |
| BloFin ARX-USDT | +0.0365% | 4h | 0.2100 | −0.048% | $246K | $50K | 20x | as long as short |
| MEXC ARX_USDT | +0.0530% | 4h | 0.2100 | −0.048% | $931K | $429K | 20x | as long as short |
| Binance ARXUSDT | +0.0530% | 4h | 0.2102 | +0.048% | $5.6M | $11.6M | 20x | as long as short |
| BingX ARX-USDT | +0.0532% | 4h | 0.2102 | +0.048% | — | $1.7M | — | as long as short |
| Aster ARXUSDT | +0.0806% | 4h | 0.2101 | +0.019% | $80K | $96K | 10x | as long as short |
Gate ARX_USDT
KuCoin ARXUSDTM
Bybit ARXUSDT
BloFin ARX-USDT
MEXC ARX_USDT
Binance ARXUSDT
BingX ARX-USDT
Aster ARXUSDT