Funding you earn now, next payment 08:00 UTC+0.0537%/8h= +58.8% APRnext payment +$2.68 per $10,000 · paid last 24h +0.014%
Price spread now: Gate against OKX+0.028%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1351.347% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.028%, 7d avg −0.042%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.070% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.042%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.68 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 USELESS-USDT-SWAP | 0.2836 | 0.0109 | pay 0.0055% / 4h | 1h 03m | $9.7M | $70.9M | 10x |
| Short | Gate USELESS_USDT | 0.2837 | 0.0646 | get 0.0323% / 4h | 1h 03m | $7.1M | $8.7M | 50x |
OKX USELESS-USDT-SWAP
Gate USELESS_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
- $112.68
- Price spread: +0.028% → −0.042%
- $7.03
- Slippage, 4 orders
- −$109.74
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$15.03
- Costs to cover
- 1.347%
- Break-even
- 7.9 days
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 0.18 bp | 23.3 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 6.87 bp | 42.3 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2835 | −0.039% | $1.3M | $1.3M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2836 | −0.004% | $30K | $19K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2839 | +0.092% | $5.2M | $10.7M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2838 | +0.067% | $5.5M | $10.5M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2841 | +0.162% | $28K | $267K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2841 | +0.180% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2843 | +0.243% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2842 | +0.205% | $651K | $1.2M | 20x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0109% | 4h | 0.2836 | long leg | $9.7M | $70.9M | 10x | |
| Aster USELESSUSDT | +0.0126% | 4h | 0.2836 | −0.011% | $555K | $2.2M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aster USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0152% | 1h | 0.2838 | +0.054% | $10K | — | 3x | as long as short |
| Hyperliquid USELESS | +0.0192% | 1h | 0.2839 | +0.112% | $12.4M | $23.4M | 3x | as long as short |
| edgeX USELESSUSDC | +0.0258% | 4h | 0.2845 | +0.303% | $21K | $197K | 10x | as long as short |
| Binance USELESSUSDT | +0.0260% | 4h | 0.2837 | +0.032% | $23.6M | $124.7M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0262% | 4h | 0.2837 | +0.039% | $11.9M | $6.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0264% | 1h | 0.2838 | +0.081% | $242K | $896K | 5x | as long as short |
| Bybit USELESSUSDT | +0.0482% | 4h | 0.2836 | 0.000% | $26.8M | $49.4M | 13x | as long as short |
| BingX USELESS-USDT | +0.0508% | 4h | 0.2838 | +0.088% | — | $5.3M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0529% | 1h | 0.2843 | +0.247% | $52K | $701K | 25x | as long as short |
| Variational Omni USELESS | +0.0561% | 4h | 0.2851 | +0.511% | $1.2M | $1.9M | — | as long as short |
| Gate USELESS_USDTshort | +0.0646% | 4h | 0.2837 | +0.028% | $7.1M | $8.7M | 50x | |
| BloFin USELESS-USDT | +0.0738% | 4h | 0.2839 | +0.099% | $1.2M | $2.1M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.0951% | 4h | 0.2840 | +0.141% | $22K | $1.5M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3013 | +6.252% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
Hyperliquid USELESS
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Bybit USELESSUSDT
BingX USELESS-USDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP