Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.002%
Price spread now: Bitget against OKX−0.070%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$630.633% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.070%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.040% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.7161 | 0.0100 | pay 0.0050% / 4h | 2h 14m | $4.9M | $12.4M | 20x |
| Short | Bitget ETHFIUSDT | 0.7156 | 0.0044 | get 0.0022% / 4h | 2h 14m | $6.1M | $5.6M | 75x |
OKX ETHFI-USDT-SWAP
Bitget ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$11.76
- Price spread: −0.070% → −0.030%
- −$3.97
- Slippage, 4 orders
- −$41.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$79.05
- Costs to cover
- 0.633%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 0.70 bp | 15.8 bp −$16 | 48.1 bp −$481 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.40 bp | 17.5 bp −$17 | 39.8 bp −$398 | 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 | −0.0588% | 1h | 0.7158 | −0.042% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0220% | 4h | 0.7147 | −0.196% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7164 | +0.043% | $282K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7154 | −0.098% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.103% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7154 | −0.097% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDTshort | +0.0044% | 4h | 0.7156 | −0.070% | $6.1M | $5.6M | 75x | |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7152 | −0.127% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7153 | −0.112% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7154 | −0.101% | $24.9M | $37.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7161 | −0.004% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7164 | +0.039% | $18.2M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7162 | +0.020% | $183K | $255K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7161 | 0.000% | $18.3M | $12.8M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7161 | long leg | $4.9M | $12.4M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7161 | 0.000% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7155 | −0.084% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7158 | −0.042% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7147 | −0.193% | $1.0M | $707K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7160 | −0.015% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7158 | −0.042% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7155 | −0.084% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.056% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0328% | 4h | 0.7154 | −0.098% | $1.3M | $294K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT