Funding you earn now, next payment 08:00 UTC−0.0431%/8h= −47.2% APRnext payment −$4.31 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX−0.091%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1941.940% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.091%, 7d avg −0.132%
=The price spread pays, funding is against you. Gate is 0.041% dearer against OKX than usual: you sell high and buy low (spread −0.091% now, against its 7-day average of −0.132%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.043% in total) that is about 6.8 days.
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 −$4.31 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 CORE-USDT-SWAP | 0.02208 | 0.0100 | pay 0.0100% / 8h | 6h 10m | $1.7M | $4.3M | 20x |
| Short | Gate CORE_USDT | 0.02206 | −0.0331 | pay 0.0331% / 8h | 6h 10m | $165K | $173K | 25x |
OKX CORE-USDT-SWAP
Gate CORE_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
- −$90.51
- Price spread: −0.091% → −0.132%
- $4.12
- Slippage, 4 orders
- −$169.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$280.42
- Costs to cover
- 1.940%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 50 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, 2 min ago | 2.26 bp | 21.6 bp −$22 | 425.9 bp −$4,259 | doesn't fit | doesn't fit |
| Sell Gate live order book, 50 min ago | 4.49 bp | 87.3 bp −$87 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CORE_USDTshort | −0.0331% | 8h | 0.02206 | −0.091% | $165K | $173K | 25x | |
| Variational Omni CORE | −0.0291% | 8h | 0.02198 | −0.470% | $8K | $892 | — | as long as short |
| Bybit COREUSDT | −0.0262% | 8h | 0.02200 | −0.362% | $1.4M | $934K | 20x | as long as short |
| OKX CORE-USDT-SWAPlong | +0.0100% | 8h | 0.02208 | long leg | $1.7M | $4.3M | 20x | |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02207 | −0.045% | $835K | $219K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02208 | 0.000% | — | $1.3M | — | as long as short |
Variational Omni CORE
Bybit COREUSDT
MEXC CORE_USDT
BingX CORE-USDT