Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Gate against OKX+0.101%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$371as in the Funding arb table
Net, price: spread back to 7d avg − costs−$362as in the Price arb table
costs, in and out, $10k−$3743.745% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.101%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.121% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHW-USDT-SWAP | 0.2958 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $836K | $4.6M | 10x |
| Short | Gate ETHW_USDT | 0.2961 | 0.0100 | get 0.0050% / 4h | 2h 55m | $222K | $271K | 20x |
OKX ETHW-USDT-SWAP
Gate ETHW_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
- $0
- Price spread: +0.101% → −0.020%
- $12.1
- Slippage, 4 orders
- −$349.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$362.37
- Costs to cover
- 3.745%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 6 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 | 3.37 bp | 45.8 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 8.39 bp | 165.6 bp −$166 | doesn't fit | doesn't fit | doesn't fit |
ETHW on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ETHWUSDT | +0.0100% | 4h | 0.2964 | +0.202% | $1.2M | $5.7M | 50x | as long as short |
| OKX ETHW-USDT-SWAPlong | +0.0100% | 4h | 0.2958 | long leg | $836K | $4.6M | 10x | |
| Gate ETHW_USDTshort | +0.0100% | 4h | 0.2961 | +0.101% | $222K | $271K | 20x | |
| MEXC ETHW_USDT | +0.0100% | 4h | 0.2964 | +0.203% | $971K | $948K | 100x | as long as short |
| Bitget ETHWUSDT | +0.0100% | 4h | 0.2966 | +0.270% | $166K | $235K | 50x | as long as short |
Binance ETHWUSDT
MEXC ETHW_USDT
Bitget ETHWUSDT