Funding you earn now, next payment 00:00 UTC+0.1102%/8h= +120.7% APRnext payment +$5.51 per $10,000 · paid last 24h +0.065%
Price spread now: OKX against Bitget+0.258%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$720.716% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.129%−$13 · spread now +0.258%, 7d avg +0.143%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and OKX is 0.115% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.143%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.51 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 | Bitget PIUSDT | 0.08910 | −0.1002 | get 0.0501% / 4h | 2h 58m | $4.8M | $1.6M | 50x |
| Short | OKX PI-USDT-SWAP | 0.08933 | 0.0100 | get 0.0050% / 4h | 2h 58m | $2.7M | $5.7M | 20x |
Bitget PIUSDT
OKX PI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $231.42
- Price spread: +0.258% → +0.143%
- $11.51
- Slippage, 4 orders
- −$49.61
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $171.32
- Costs to cover
- 0.716%
- Break-even
- 1.8 days
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 4 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 Bitget live order book, 5 min ago | 5.61 bp | 21.9 bp −$22 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.12 bp | 10.9 bp −$11 | 59.0 bp −$590 | doesn't fit | doesn't fit |
PI on 6 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 PIUSDTlong | −0.1002% | 4h | 0.08910 | long leg | $4.8M | $1.6M | 50x | |
| OKX PI-USDT-SWAPshort | +0.0100% | 4h | 0.08933 | +0.258% | $2.7M | $5.7M | 20x | |
| Gate PI_USDT | +0.0100% | 4h | 0.08930 | +0.224% | $2.6M | $2.0M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.08931 | +0.236% | $9.1M | $1.3M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.08931 | +0.236% | — | $6.6M | — | as long as short |
| Injective PI/USDC PERP | +0.0179% | 1h | 0.08950 | +0.449% | $1 | $45K | 5.5x | as long as short |
Gate PI_USDT
MEXC PI_USDT
BingX PI-USDT
Injective PI/USDC PERP