Funding you earn now, next payment 04:00 UTC+0.0336%/8h= +36.8% APRnext payment +$1.68 per $10,000 · paid last 24h +0.038%
Price spread now: OKX against Bitget+0.102%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1251.245% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.102%, 7d avg +0.144%
=Funding pays, the price is against you. OKX is 0.042% cheaper against Bitget than usual: you would sell low and buy high (spread +0.102% now, against its 7-day average of +0.144%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.082% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.68 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 | Bitget EDGEUSDT | 0.5872 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $4.7M | $1.1M | 20x |
| Short | OKX EDGE-USDT-SWAP | 0.5878 | 0.0436 | get 0.0218% / 4h | 2h 08m | $3.6M | $5.8M | 20x |
Bitget EDGEUSDT
OKX EDGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $70.64
- Price spread: +0.102% → +0.144%
- −$4.23
- Slippage, 4 orders
- −$102.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$58.1
- Costs to cover
- 1.245%
- Break-even
- 12.8 days
Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 5.11 bp | 40.3 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.70 bp | 23.2 bp −$23 | 140.7 bp −$1,407 | doesn't fit | doesn't fit |
EDGE on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5860 | −0.211% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5863 | −0.153% | $7.0M | $3.4M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5874 | +0.034% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDTlong | +0.0100% | 4h | 0.5872 | long leg | $4.7M | $1.1M | 20x | |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5868 | −0.065% | $58K | $105K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5877 | +0.093% | $189K | $131K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5886 | +0.242% | $7K | $2.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5893 | +0.358% | $9K | $303K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5838 | −0.579% | $3K | $620K | 10x | as long as short |
| OKX EDGE-USDT-SWAPshort | +0.0436% | 4h | 0.5878 | +0.102% | $3.6M | $5.8M | 20x |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0462% | 4h | 0.5887 | +0.254% | $14.1M | $3.6M | 30x | as long as short |
| Extended EDGE-USD | +0.0488% | 1h | 0.5873 | +0.009% | $27K | $199K | 5x | as long as short |
| Binance EDGEUSDT | +0.0489% | 4h | 0.5873 | +0.012% | $10.0M | $10.4M | 50x | as long as short |
| Aster EDGEUSDT | +0.0491% | 4h | 0.5873 | +0.018% | $68K | $132K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0492% | 4h | 0.5869 | −0.051% | $1.1M | $912K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0698% | 4h | 0.5866 | −0.102% | $3K | — | 10x | as long as short |
edgeX EDGEUSDC
Extended EDGE-USD
Binance EDGEUSDT
Aster EDGEUSDT
MEXC EDGE_USDT
Orderly PERP_EDGE_USDC