Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.46 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against Bitget+0.069%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.069%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.038% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7246 | 0.0008 | pay 0.0004% / 4h | 3h 08m | $6.2M | $5.5M | 75x |
| Short | OKX ETHFI-USDT-SWAP | 0.7251 | 0.0100 | get 0.0050% / 4h | 3h 08m | $4.9M | $12.1M | 20x |
Bitget ETHFIUSDT
OKX ETHFI-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
- $19.32
- Price spread: +0.069% → +0.031%
- $3.79
- Slippage, 4 orders
- −$38.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$37.29
- Costs to cover
- 0.604%
- Break-even
- 20.5 days
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 1.38 bp | 11.5 bp −$11 | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.69 bp | 13.4 bp −$13 | 43.6 bp −$436 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0439% | 1h | 0.7251 | +0.069% | $44K | $18K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0145% | 4h | 0.7247 | +0.014% | $17K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0064% | 4h | 0.7225 | −0.290% | $84K | $153K | 20x | as long as short |
| Variational Omni ETHFI | −0.0034% | 4h | 0.7234 | −0.169% | $1.1M | $712K | — | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0029% | 1h | 0.7252 | +0.082% | $282K | $138K | 20x | as long as short |
| Bitget ETHFIUSDTlong | +0.0008% | 4h | 0.7246 | long leg | $6.2M | $5.5M | 75x | |
| Paradex ETHFI-USD-PERP | +0.0015% | 8h | 0.7236 | −0.131% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | −0.083% | $321 | $51K | 5.5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7235 | −0.157% | $1.1M | $891K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7268 | +0.299% | $19.8M | $7.3M | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Variational Omni ETHFI
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Lighter ETHFI
Hyperliquid ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7244 | −0.022% | $184K | $237K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7248 | +0.025% | $25.6M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7252 | +0.083% | $18.7M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.7251 | +0.069% | $4.9M | $12.1M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7244 | −0.028% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7247 | +0.014% | $15.4M | $3.7M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7241 | −0.069% | $1.2M | $271K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7251 | +0.069% | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7253 | +0.097% | $1K | $1.0M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7247 | +0.014% | $101K | $491K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7246 | +0.005% | $9K | — | 3x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0184% | 1h | 0.7259 | +0.181% | $63K | $74K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7268 | +0.304% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7228 | −0.248% | $1.3M | $293K | 75x | as long as short |
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDT
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT