Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against Gate−0.126%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2552.546% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.126%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.099% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ATH_USDT | 0.005576 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $796K | $516K | 30x |
| Short | OKX ATH-USDT-SWAP | 0.005569 | 0.0082 | get 0.0041% / 4h | 1h 44m | $711K | $1.2M | 20x |
Gate ATH_USDT
OKX ATH-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
- −$3.75
- Price spread: −0.126% → −0.027%
- −$9.87
- Slippage, 4 orders
- −$229.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$268.17
- Costs to cover
- 2.546%
- Break-even
- never at this rate
Slippage from Gate: live order book, 38 min ago; OKX: 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 Gate live order book, 38 min ago | 8.02 bp | 96.4 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.90 bp | 41.4 bp −$41 | 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 | −0.4633% | 1h | 0.005570 | −0.109% | $19K | $106K | 10x | as long as short |
| Variational Omni ATH | −0.0051% | 4h | 0.005564 | −0.224% | $187K | $93K | — | as long as short |
| dYdX ATH-USD | −0.0018% | 1h | 0.005584 | +0.152% | $11K | $16 | 5x | as long as short |
| OKX ATH-USDT-SWAPshort | +0.0082% | 4h | 0.005569 | −0.126% | $711K | $1.2M | 20x | |
| BloFin ATH-USDT | +0.0090% | 4h | 0.005583 | +0.126% | $174K | $62K | 75x | as long as short |
| Aster ATHUSDT | +0.0100% | 4h | 0.005580 | +0.068% | $6K | $35K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005579 | +0.054% | $3.4M | $3.9M | 50x | as long as short |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005570 | −0.108% | $4.5M | $2.3M | 25x | as long as short |
| Gate ATH_USDTlong | +0.0100% | 4h | 0.005576 | long leg | $796K | $516K | 30x | |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005578 | +0.036% | $8.9M | $648K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
BloFin ATH-USDT
Aster ATHUSDT
Binance ATHUSDT
Bybit ATHUSDT
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 | 0.005568 | −0.143% | $571K | $81K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005576 | 0.000% | $1.6M | $797K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005569 | −0.126% | — | $22.0M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT