Funding you earn now, next payment 04:00 UTC+0.0657%/8h= +71.9% APRnext payment +$3.28 per $10,000 · paid last 24h +0.168%
Price spread now: OKX against Gate−0.132%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1331.326% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.132%, 7d avg +0.009%
=Funding pays, the price is against you. OKX is 0.141% cheaper against Gate than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of +0.009%). If the spread goes back, that is −$14 on $10k: about 17 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.192% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.28 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 LA_USDT | 0.07549 | −0.0646 | get 0.0323% / 4h | 3h 18m | $244K | $821K | 50x |
| Short | OKX LA-USDT-SWAP | 0.07539 | 0.0011 | get 0.0005% / 4h | 3h 18m | $1.4M | $3.1M | 20x |
Gate LA_USDT
OKX LA-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
- $137.94
- Price spread: −0.132% → +0.009%
- −$14.13
- Slippage, 4 orders
- −$107.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$8.82
- Costs to cover
- 1.326%
- Break-even
- 7.4 days
Slippage from Gate: live order book, 53 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, 53 min ago | 2.00 bp | 35.6 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.67 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
LA on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster LAUSDT | −0.0664% | 4h | 0.07555 | +0.077% | $52K | $23K | 5x | as long as short |
| Gate LA_USDTlong | −0.0646% | 4h | 0.07549 | long leg | $244K | $821K | 50x | |
| MEXC LA_USDT | −0.0578% | 4h | 0.07538 | −0.146% | $400K | $139K | 50x | as long as short |
| Binance LAUSDT | −0.0564% | 4h | 0.07537 | −0.156% | $4.7M | $9.5M | 25x | as long as short |
| Bitget LAUSDT | −0.0560% | 4h | 0.07539 | −0.132% | $2.1M | $537K | 25x | as long as short |
| BingX LA-USDT | −0.0548% | 4h | 0.07550 | +0.013% | — | $6.5M | — | as long as short |
| BloFin LA-USDT | −0.0527% | 4h | 0.07568 | +0.252% | $251K | $20K | 25x | as long as short |
| KuCoin LAUSDTM | −0.0484% | 4h | 0.07543 | −0.079% | $1.0M | $82K | 30x | as long as short |
| OKX LA-USDT-SWAPshort | +0.0011% | 4h | 0.07539 | −0.132% | $1.4M | $3.1M | 20x | |
| Bybit LAUSDT | +0.0100% | 4h | 0.07556 | +0.093% | $2.5M | $2.6M | 25x | as long as short |
Aster LAUSDT
MEXC LA_USDT
Binance LAUSDT
Bitget LAUSDT
BingX LA-USDT
BloFin LA-USDT
KuCoin LAUSDTM
Bybit LAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07487 | −0.820% | $148K | $455K | 10x | as long as short |
GRVT LA_USDT_Perp