Funding you earn now, next payment 04:00 UTC−4.8105%/8h= −5267.5% APRpaid last 24h −9.767%
Price spread now: OKX against Gate+22.828%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$3,715as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1,761as in the Price arb table
costs, in and out, $10k−$5225.218% of the position
Funding, last 7 days−31.932%−$3,193 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 22.828% dearer against Gate than usual: you sell high and buy low (spread +22.828% now, against zero (this spread has no 7-day history yet)): +$2,283 on $10k if it goes back. Holding the pair costs −$1,443 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−31.932% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -31.932% in total (about -1665.0% a year). A funding rate is set anew for every payment. 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 ONE_USDT | 0.004080 | −0.1183 | get 0.1183% / 8h | 4h 30m | $1.7M | $15.4M | 20x |
| Short | OKX ONE-USDT-SWAP | 0.005011 | −4.9288 | pay 0.6161% / 1h | 30m 39s | $5.9M | $234.5M | 10x |
Gate ONE_USDT
OKX ONE-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
- −$10,102.06
- Price spread: +22.828% → 0.000%
- $2,282.84
- Slippage, 4 orders
- −$496.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$8,340.97
- Costs to cover
- 5.218%
- Break-even
- from the start
Slippage from Gate: live order book, 3 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, 3 min ago | 3.64 bp | 397.3 bp −$397 | 1835.0 bp −$18.4K | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.47 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
ONE on 10 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 ONE-USDT-SWAPshort | −4.9288% | 1h | 0.005011 | +22.828% | $5.9M | $234.5M | 10x | |
| KuCoin ONEUSDTM | −0.3256% | 1h | 0.004285 | +5.025% | $4.1M | $12.4M | 30x | as long as short |
| Aster ONEUSDT | −0.1997% | 1h | 0.004105 | +0.624% | $2.2M | $5.8M | 5x | as long as short |
| Gate ONE_USDTlong | −0.1183% | 8h | 0.004080 | long leg | $1.7M | $15.4M | 20x | |
| Bitget ONEUSDT | −0.0688% | 1h | 0.004148 | +1.672% | $1.9M | $32.3M | 20x | as long as short |
| Variational Omni ONE | −0.0673% | 1h | 0.004132 | +1.267% | $102K | $51K | — | as long as short |
| BloFin ONE-USDT | −0.0445% | 1h | 0.004134 | +1.321% | $828K | $2.5M | 50x | as long as short |
| Binance ONEUSDT | −0.0111% | 1h | 0.004088 | +0.204% | $14.2M | $335.2M | 50x | as long as short |
| MEXC ONE_USDT | −0.0104% | 1h | 0.004092 | +0.292% | $11.0M | $15.4M | 20x | as long as short |
| BingX ONE-USDT | −0.0008% | 1h | 0.004105 | +0.608% | — | $5.9M | — | as long as short |
KuCoin ONEUSDTM
Aster ONEUSDT
Bitget ONEUSDT
Variational Omni ONE
BloFin ONE-USDT
Binance ONEUSDT
MEXC ONE_USDT
BingX ONE-USDT