Funding you earn now, next payment 08:00 UTC+0.0307%/8h= +33.6% APRnext payment +$3.07 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate+0.226%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1891.888% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.226%, 7d avg +0.132%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.095% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.132%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.07 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 | Gate CORE_USDT | 0.02209 | −0.0207 | get 0.0207% / 8h | 6h 33m | $165K | $173K | 25x |
| Short | OKX CORE-USDT-SWAP | 0.02214 | 0.0100 | get 0.0100% / 8h | 6h 33m | $1.7M | $4.4M | 20x |
Gate CORE_USDT
OKX CORE-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
- $64.47
- Price spread: +0.226% → +0.132%
- $9.45
- Slippage, 4 orders
- −$163.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$114.83
- Costs to cover
- 1.888%
- Break-even
- 19.5 days
Slippage from Gate: live order book, 28 min ago; OKX: live order book, 4 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, 28 min ago | 4.49 bp | 51.2 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.26 bp | 25.7 bp −$26 | 281.4 bp −$2,814 | doesn't fit | doesn't fit |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CORE | −0.0237% | 8h | 0.02211 | +0.075% | $8K | $892 | — | as long as short |
| Gate CORE_USDTlong | −0.0207% | 8h | 0.02209 | long leg | $165K | $173K | 25x | |
| Bybit COREUSDT | −0.0004% | 8h | 0.02208 | −0.045% | $1.4M | $918K | 20x | as long as short |
| OKX CORE-USDT-SWAPshort | +0.0100% | 8h | 0.02214 | +0.226% | $1.7M | $4.4M | 20x | |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02213 | +0.181% | $858K | $211K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02214 | +0.226% | — | $1.3M | — | as long as short |
Variational Omni CORE
Bybit COREUSDT
MEXC CORE_USDT
BingX CORE-USDT