Funding you earn now, next payment 12:00 UTC−0.1540%/8h= −168.7% APRnext payment −$7.70 per $10,000 · paid last 24h −0.222%
Price spread now: OKX against Gate−0.045%7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1781.783% of the position
Funding, last 7 days+0.582%+$58 on $10k
+Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.045%, 7d avg +0.097%
=Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and OKX is 0.142% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.097%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.582%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.582% in total (about 30.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.70 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 | Gate IOST_USDT | 0.0008900 | 0.0034 | pay 0.0017% / 4h | 3h 39m | $676K | $532K | 25x |
| Short | OKX IOST-USDT-SWAP | 0.0008896 | −0.1506 | pay 0.0753% / 4h | 3h 39m | $1.5M | $3.9M | 10x |
Gate IOST_USDT
OKX IOST-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$323.46
- Price spread: −0.045% → +0.097%
- −$14.24
- Slippage, 4 orders
- −$153.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$516
- Costs to cover
- 1.783%
- Break-even
- never at this rate
Slippage from Gate: live order book, 57 min ago; OKX: 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 Gate live order book, 57 min ago | 5.63 bp | 72.8 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.56 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
IOST 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAPshort | −0.1506% | 4h | 0.0008896 | −0.045% | $1.5M | $3.9M | 10x | |
| Bybit IOSTUSDT | −0.1394% | 8h | 0.0008898 | −0.022% | $1.9M | $1.9M | 25x | as long as short |
| BloFin IOST-USDT | −0.1114% | 4h | 0.0008890 | −0.112% | $294K | $2.0M | 50x | as long as short |
| Binance IOSTUSDT | −0.1103% | 4h | 0.0008897 | −0.034% | $5.7M | $16.1M | 50x | as long as short |
| MEXC IOST_USDT | −0.1098% | 4h | 0.0008897 | −0.034% | $1.8M | $457K | 50x | as long as short |
| Variational Omni IOST | −0.0963% | 8h | 0.0008937 | +0.416% | $10K | $5K | — | as long as short |
| Bitget IOSTUSDT | −0.0952% | 4h | 0.0008901 | +0.011% | $638K | $2.1M | 25x | as long as short |
| BingX IOST-USDT | −0.0386% | 4h | 0.0008898 | −0.022% | — | $2.4M | — | as long as short |
| Gate IOST_USDTlong | +0.0034% | 4h | 0.0008900 | long leg | $676K | $532K | 25x |
Bybit IOSTUSDT
BloFin IOST-USDT
Binance IOSTUSDT
MEXC IOST_USDT
Variational Omni IOST
Bitget IOSTUSDT
BingX IOST-USDT