Funding you earn now, next payment 04:00 UTC+0.0313%/8h= +34.3% APRnext payment +$1.57 per $10,000 · paid last 24h +0.110%
Price spread now: Gate against OKX−0.021%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 7 days+0.258%+$26 · spread now −0.021%, 7d avg +0.053%
=Funding pays, the price is against you. Gate is 0.074% cheaper against OKX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.053%). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.129% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.57 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 CAP-USDT-SWAP | 0.04668 | −0.0213 | get 0.0107% / 4h | 1h 45m | $2.1M | $7.3M | 10x |
| Short | Gate CAP_USDT | 0.04667 | 0.0100 | get 0.0050% / 4h | 1h 45m | $330K | $1.2M | 20x |
OKX CAP-USDT-SWAP
Gate CAP_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
- $65.73
- Price spread: −0.021% → +0.053%
- −$7.4
- Slippage, 4 orders
- −$101.7
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$68.37
- Costs to cover
- 1.267%
- Break-even
- 14.3 days
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 2 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 | 2.15 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 5.37 bp | 37.6 bp −$38 | 94.9 bp −$949 | doesn't fit | doesn't fit |
CAP on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTM | −0.0662% | 4h | 0.04666 | −0.043% | $4.5M | $1.4M | 10x | as long as short |
| OKX CAP-USDT-SWAPlong | −0.0213% | 4h | 0.04668 | long leg | $2.1M | $7.3M | 10x | |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04667 | −0.027% | — | — | 150x | as long as short |
| Bitget CAPUSDT | +0.0060% | 4h | 0.04667 | −0.021% | $1.1M | $598K | 10x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04664 | −0.077% | $20K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04667 | −0.021% | $26K | $66K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04668 | +0.010% | $9.1M | $8.9M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04668 | 0.000% | $4.5M | $4.1M | 10x | as long as short |
| Gate CAP_USDTshort | +0.0100% | 4h | 0.04667 | −0.021% | $330K | $1.2M | 20x | |
| MEXC CAP_USDT | +0.0100% | 4h | 0.04668 | 0.000% | $562K | $230K | 20x | as long as short |
KuCoin CAPUSDTM
gTrade (Gains Network) CAP/USD
Bitget CAPUSDT
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Bybit CAPUSDT
MEXC CAP_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAP-USDT | +0.0100% | 4h | 0.04668 | 0.000% | — | $1.6M | — | as long as short |
| Variational Omni CAP | +0.0100% | 4h | 0.04669 | +0.025% | $8K | $8K | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04668 | −0.004% | $5K | $582 | 10x | as long as short |
| BloFin CAP-USDT | +0.0141% | 4h | 0.04671 | +0.064% | $380K | $61K | 10x | as long as short |
BingX CAP-USDT
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos
BloFin CAP-USDT