Funding you earn now, next payment 00:00 UTC−0.0272%/8h= −29.8% APRnext payment −$1.36 per $10,000 · paid last 24h −0.162%
Price spread now: Gate against OKX−0.107%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1361.358% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.107%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.095% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 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 | OKX LA-USDT-SWAP | 0.07497 | 0.0100 | pay 0.0050% / 4h | 33m 50s | $1.3M | $2.9M | 20x |
| Short | Gate LA_USDT | 0.07489 | −0.0172 | pay 0.0086% / 4h | 33m 50s | $249K | $797K | 50x |
OKX LA-USDT-SWAP
Gate LA_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
- −$57.12
- Price spread: −0.107% → −0.012%
- −$9.49
- Slippage, 4 orders
- −$110.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$202.44
- Costs to cover
- 1.358%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 43 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 | 1.34 bp | 21.5 bp −$21 | 337.1 bp −$3,371 | doesn't fit | doesn't fit |
| Sell Gate live order book, 43 min ago | 2.69 bp | 36.1 bp −$36 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget LAUSDT | −0.0232% | 4h | 0.07488 | −0.120% | $2.1M | $508K | 25x | as long as short |
| BingX LA-USDT | −0.0194% | 4h | 0.07492 | −0.067% | — | $6.6M | — | as long as short |
| Gate LA_USDTshort | −0.0172% | 4h | 0.07489 | −0.107% | $249K | $797K | 50x | |
| Aster LAUSDT | −0.0146% | 4h | 0.07491 | −0.080% | $52K | $8K | 5x | as long as short |
| Binance LAUSDT | −0.0092% | 4h | 0.07491 | −0.079% | $4.7M | $8.5M | 25x | as long as short |
| MEXC LA_USDT | −0.0090% | 4h | 0.07492 | −0.067% | $401K | $139K | 50x | as long as short |
| BloFin LA-USDT | −0.0066% | 4h | 0.07482 | −0.200% | $250K | $19K | 25x | as long as short |
| KuCoin LAUSDTM | +0.0044% | 4h | 0.07484 | −0.173% | $1.0M | $60K | 30x | as long as short |
| Bybit LAUSDT | +0.0100% | 4h | 0.07498 | +0.013% | $2.4M | $2.3M | 25x | as long as short |
| OKX LA-USDT-SWAPlong | +0.0100% | 4h | 0.07497 | long leg | $1.3M | $2.9M | 20x |
Bitget LAUSDT
BingX LA-USDT
Aster LAUSDT
Binance LAUSDT
MEXC 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 | 0.07475 | −0.295% | $150K | $468K | 10x | as long as short |
GRVT LA_USDT_Perp