Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against Bitget−0.269%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.269%, 7d avg −0.093%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.176% cheaper against Bitget than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ATHUSDT | 0.005581 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $1.6M | $795K | 25x |
| Short | OKX ATH-USDT-SWAP | 0.005566 | 0.0090 | get 0.0045% / 4h | 1h 40m | $709K | $1.2M | 20x |
Bitget ATHUSDT
OKX ATH-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
- −$2.07
- Price spread: −0.269% → −0.093%
- −$17.56
- Slippage, 4 orders
- −$104.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$146.6
- Costs to cover
- 1.270%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 6.28 bp | 26.2 bp −$26 | 97.6 bp −$976 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 6.28 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
ATH on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ATHUSD | −0.4635% | 1h | 0.005568 | −0.237% | $19K | $106K | 10x | as long as short |
| Variational Omni ATH | −0.0051% | 4h | 0.005564 | −0.313% | $187K | $93K | — | as long as short |
| dYdX ATH-USD | −0.0015% | 1h | 0.005582 | +0.018% | $11K | $16 | 5x | as long as short |
| BloFin ATH-USDT | +0.0073% | 4h | 0.005577 | −0.072% | $174K | $62K | 75x | as long as short |
| OKX ATH-USDT-SWAPshort | +0.0090% | 4h | 0.005566 | −0.269% | $709K | $1.2M | 20x | |
| Aster ATHUSDT | +0.0100% | 4h | 0.005585 | +0.076% | $6K | $35K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005579 | −0.030% | $3.4M | $3.9M | 50x | as long as short |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005572 | −0.161% | $4.5M | $2.3M | 25x | as long as short |
| Gate ATH_USDT | +0.0100% | 4h | 0.005572 | −0.161% | $795K | $518K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005579 | −0.036% | $8.9M | $649K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
BloFin ATH-USDT
Aster ATHUSDT
Binance ATHUSDT
Bybit ATHUSDT
Gate ATH_USDT
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005577 | −0.072% | $572K | $81K | 30x | as long as short |
| Bitget ATHUSDTlong | +0.0100% | 4h | 0.005581 | long leg | $1.6M | $795K | 25x | |
| BingX ATH-USDT | +0.0100% | 4h | 0.005574 | −0.125% | — | $22.0M | — | as long as short |
KuCoin ATHUSDTM
BingX ATH-USDT