Funding you earn now, next payment 16:00 UTC+0.0452%/8h= +49.5% APRnext payment +$4.52 per $10,000 · paid last 24h +0.048%
Price spread now: OKX against Bitget−0.096%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1601.603% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.491%+$49 · spread now −0.096%, 7d avg −0.006%
=Funding pays, the price is against you. OKX is 0.090% cheaper against Bitget than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.006%). If the spread goes back, that is −$9 on $10k: about 16 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.065% in total) that is about 9.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.52 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 ALABUSDT | 333.50 | −0.0452 | get 0.0452% / 8h | 7h 47m | $214K | $160K | 20x |
| Short | OKX ALAB-USDT-SWAP | 333.18 | 0 | get 0.0000% / 8h | 7h 47m | $573K | $451K | 10x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $94.92
- Price spread: −0.096% → −0.006%
- −$8.99
- Slippage, 4 orders
- −$138.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$74.37
- Costs to cover
- 1.603%
- Break-even
- 12.5 days
Slippage from Bitget: live order book, 42 min ago; OKX: live order book, 48 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, 42 min ago | 11.75 bp | 34.2 bp −$34 | 50.0 bp −$500 | doesn't fit | doesn't fit |
| Sell OKX live order book, 48 min ago | 5.35 bp | 25.8 bp −$26 | 945.4 bp −$9,454 | doesn't fit | doesn't fit |
ALAB on 13 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 ALABUSDTlong | −0.0452% | 8h | 333.50 | long leg | $214K | $160K | 20x | |
| Binance ALABUSDT | 0.0000% | 8h | 333.90 | +0.120% | $1.3M | $5.6M | 20x | as long as short |
| Bybit ALABUSDT | 0.0000% | 8h | 333.86 | +0.108% | $449K | $203K | 25x | as long as short |
| OKX ALAB-USDT-SWAPshort | 0.0000% | 8h | 333.18 | −0.096% | $573K | $451K | 10x | |
| Gate ALAB_USDT | 0.0000% | 8h | 333.30 | −0.060% | $472K | $331K | 20x | as long as short |
| Variational Omni ALAB | 0.0000% | 8h | 334.02 | +0.156% | $61K | $87K | — | as long as short |
| Phemex ALABUSDT | 0.0000% | 8h | 333.65 | +0.045% | $1.6M | $261K | 10x | as long as short |
| QFEX ALAB-USD | +0.0024% | 1h | 333.82 | +0.096% | $1.1M | $3.4M | 10x | as long as short |
| Extended ALAB_24_5-USD | +0.0040% | 1h | 334.54 | +0.312% | $11K | — | 10x | as long as short |
| Vest ALAB-USD-PERP | +0.0046% | 1h | 333.30 | −0.060% | — | — | 5x | as long as short |
Show all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALABUSDTM | +0.0100% | 8h | 333.97 | +0.141% | $331K | $80K | 20x | as long as short |
| HTX ALAB-USDT | +0.0100% | 8h | 332.95 | −0.165% | $1K | $380K | 10x | as long as short |
| BloFin ALAB-USDT | +0.0120% | 8h | 333.66 | +0.048% | $72K | $105K | 20x | as long as short |
Bitget ALABUSDT
OKX ALAB-USDT-SWAP
Binance ALABUSDT
Bybit ALABUSDT
Gate ALAB_USDT
Variational Omni ALAB
Phemex ALABUSDT
Extended ALAB_24_5-USD
KuCoin ALABUSDTM
HTX ALAB-USDT
BloFin ALAB-USDT