TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0609%/8h= −66.7% APRnext payment −$3.05 per $10,000 · paid last 24h −0.168%

Price spread now: Gate against OKX−0.287%7-day average −0.333% · you buy dearer than you sell

Net, funding: paid 7d − costs−$823as in the Funding arb table

Net, price: spread back to 7d avg − costs−$833as in the Price arb table

costs, in and out, $10k−$8388.376% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.287%, 7d avg −0.333%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.046% dearer against OKX than usual: you sell high and buy low (spread −0.287% now, against its 7-day average of −0.333%): +$5 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.147%, 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 0.147% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.05 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 TRUTH-USDT-SWAP	0.01360	0.0709	pay 0.0355% / 4h	10m 52s	$193K	$293K	10x
Short	Gate TRUTH_USDT	0.01356	0.0100	get 0.0050% / 4h	10m 52s	$424K	$62K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now −0.287%Rate

Funding earned: −$127.93
Price spread: −0.287% → −0.333%: $4.62
Slippage, 4 orders: −$812.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$960.89
Costs to cover: 8.376%
Break-even: never at this rate

Slippage from OKX: live order book, 64 min ago; Gate: live order book, 65 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, 64 min ago	4.05 bp	66.8 bp −$67	1345.7 bp −$13.5K	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	9.23 bp	375.8 bp −$376	doesn't fit	doesn't fit	doesn't fit

TRUTH 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
Gate TRUTH_USDTshort	+0.0100%	4h	0.01356	−0.287%	$424K	$62K	20x
Aster TRUTHUSDT	+0.0175%	4h	0.01359	−0.104%	$36K	$6K	5x	as long as short
BloFin TRUTH-USDT	+0.0348%	4h	0.01360	−0.015%	$196K	$13K	50x	as long as short
Extended TRUTH-USD	+0.0360%	1h	0.01357	−0.196%	$3K	$180K	5x	as long as short
MEXC TRUTH_USDT	+0.0360%	4h	0.01357	−0.206%	$11.8M	$134K	20x	as long as short
Binance TRUTHUSDT	+0.0362%	4h	0.01358	−0.177%	$4.3M	$1.6M	20x	as long as short
KuCoin TRUTHUSDTM	+0.0496%	4h	0.01355	−0.360%	$1.1M	$46K	10x	as long as short
Bybit TRUTHUSDT	+0.0632%	4h	0.01360	−0.007%	$1.3M	$469K	20x	as long as short
BingX TRUTH-USDT	+0.0658%	4h	0.01359	−0.088%	—	$6.5M	—	as long as short
OKX TRUTH-USDT-SWAPlong	+0.0709%	4h	0.01360	long leg	$193K	$293K	10x