W

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0146%/8h= −15.9% APRnext payment −$0.73 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against Bitget−0.059%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1131.127% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.059%, 7d avg +0.009%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.069% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WUSDT	0.01179	0.0100	pay 0.0050% / 4h	32m 33s	$1.3M	$572K	50x
Short	OKX W-USDT-SWAP	0.01178	−0.0046	pay 0.0023% / 4h	32m 33s	$1.3M	$2.0M	20x

Funding 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 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$30.59
Price spread: −0.059% → +0.009%: −$6.88
Slippage, 4 orders: −$90.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$150.21
Costs to cover: 1.127%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 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, 4 min ago	4.25 bp	34.4 bp −$34	82.8 bp −$828	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.12 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

W on 17 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 W-USDT-SWAPshort	−0.0046%	4h	0.01178	−0.059%	$1.3M	$2.0M	20x
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01179	−0.042%	$17K	$1K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.545%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01180	+0.085%	$2.0M	$423K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01179	0.000%	$3.0M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01177	−0.187%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01177	−0.195%	$444K	$290K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01179	−0.025%	$12.8M	$1.5M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01179	0.000%	$456K	$212K	50x	as long as short
Bitget WUSDTlong	+0.0100%	4h	0.01179	long leg	$1.3M	$572K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01178	−0.051%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01175	−0.325%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01179	−0.015%	$130K	$385K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01179	−0.019%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01188	+0.738%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0608%	1h	0.01179	+0.042%	$44K	$47K	15x	as long as short
Kraken Futures PF_WUSD	+0.0720%	1h	0.01181	+0.149%	$146K	$181K	20x	as long as short