W

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.76 per $10,000 · paid last 24h +0.030%

Price spread now: Gate against OKX+0.503%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$729as in the Funding arb table

Net, price: spread back to 7d avg − costs−$681as in the Price arb table

costs, in and out, $10k−$7357.346% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)−0.609%−$61 · spread now +0.503%, 7d avg −0.032%

Together, before fees−0.554%−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.535% dearer against OKX than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX W-USDT-SWAP	0.01174	−0.0052	get 0.0026% / 4h	1h 55m	$1.3M	$2.1M	20x
Short	Gate W_USDT	0.01180	0.0100	get 0.0050% / 4h	1h 55m	$447K	$291K	75x

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 +0.503%Rate

Funding earned: $31.93
Price spread: +0.503% → −0.032%: $53.48
Slippage, 4 orders: −$709.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$649.22
Costs to cover: 7.346%
Break-even: 149.3 days

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 25 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, 1 min ago	2.13 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 25 min ago	8.94 bp	397.7 bp −$398	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
Deribit W_USDC-PERPETUAL	−0.0686%	1h	0.01174	−0.009%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAPlong	−0.0052%	4h	0.01174	long leg	$1.3M	$2.1M	20x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.972%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01175	+0.077%	$2.0M	$450K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01175	+0.043%	$3.0M	$7.1M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01173	−0.085%	$4.1M	$2.0M	50x	as long as short
Gate W_USDTshort	+0.0100%	4h	0.01180	+0.503%	$447K	$291K	75x
MEXC W_USDT	+0.0100%	4h	0.01175	+0.077%	$12.8M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01174	−0.009%	$416K	$217K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01175	+0.077%	$1.3M	$582K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01174	+0.026%	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01175	+0.111%	$44K	$47K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01167	−0.595%	$70K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01171	−0.279%	$122K	$409K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01174	+0.026%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0240%	1h	0.01174	0.000%	$14K	$18K	50x	as long as short
Kraken Futures PF_WUSD	+0.0398%	1h	0.01176	+0.152%	$146K	$185K	20x	as long as short