Funding you earn now, next payment 04:00 UTC+0.1820%/8h= +199.3% APRnext payment +$9.10 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.045%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2572.566% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.632%−$63 · spread now +0.045%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and Gate is 0.052% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.10 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 DATA-USDT-SWAP | 0.2213 | −0.3948 | get 0.1974% / 4h | 58m 10s | $1.3M | $8.2M | 20x |
| Short | Gate DATA_USDT | 0.2214 | −0.2128 | pay 0.1064% / 4h | 58m 10s | $119K | $103K | 20x |
OKX DATA-USDT-SWAP
Gate DATA_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
- $382.26
- Price spread: +0.045% → −0.007%
- $5.24
- Slippage, 4 orders
- −$231.62
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $130.87
- Costs to cover
- 2.566%
- Break-even
- 4.6 days
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 24 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, 5 min ago | 2.27 bp | 24.6 bp −$25 | 158.0 bp −$1,580 | doesn't fit | doesn't fit |
| Sell Gate live order book, 24 min ago | 15.78 bp | 146.4 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
DATA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DATA-USDT | −0.4001% | 4h | 0.2204 | −0.407% | $121K | $7K | 20x | as long as short |
| MEXC DATA_USDT | −0.3964% | 4h | 0.2214 | +0.045% | $125K | $269K | 20x | as long as short |
| OKX DATA-USDT-SWAPlong | −0.3948% | 4h | 0.2213 | long leg | $1.3M | $8.2M | 20x | |
| Extended DATA-USD | −0.2496% | 1h | 0.2212 | −0.050% | $922 | $60 | 5x | as long as short |
| Gate DATA_USDTshort | −0.2128% | 4h | 0.2214 | +0.045% | $119K | $103K | 20x | |
| KuCoin DATAUSDTM | −0.1866% | 4h | 0.2216 | +0.136% | $208K | $1.0M | 30x | as long as short |
| Bybit DATAUSDT | −0.0709% | 4h | 0.2213 | 0.000% | $1.4M | $2.0M | 20x | as long as short |
| Bitget DATAUSDT | +0.0038% | 4h | 0.2218 | +0.226% | $684K | $552K | 50x | as long as short |
| Lighter DATA | +0.0096% | 1h | 0.2215 | +0.090% | $57K | $242K | 10x | as long as short |
BloFin DATA-USDT
MEXC DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Bybit DATAUSDT
Bitget DATAUSDT
Lighter DATA