Funding you earn now, next payment 08:00 UTC−0.0232%/8h= −25.4% APRnext payment −$2.32 per $10,000 · paid last 24h +0.007%
Price spread now: OKX against Bitget+0.186%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2272.267% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.186%, 7d avg +0.035%
=The price spread pays, funding is against you. OKX is 0.151% dearer against Bitget than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of +0.035%): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.122% in total) that is about 8.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.32 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 APPUSDT | 328.34 | 0 | get 0.0000% / 8h | 41m 55s | $558K | $549K | 20x |
| Short | OKX APP-USDT-SWAP | 328.95 | −0.0232 | pay 0.0232% / 8h | 41m 55s | $416K | $380K | 25x |
Bitget APPUSDT
OKX APP-USDT-SWAPFunding 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
- −$48.62
- Price spread: +0.186% → +0.035%
- $15.09
- Slippage, 4 orders
- −$204.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$260.21
- Costs to cover
- 2.267%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 58 min ago; OKX: live order book, 59 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, 58 min ago | 5.93 bp | 43.7 bp −$44 | 64.6 bp −$646 | doesn't fit | doesn't fit |
| Sell OKX live order book, 59 min ago | 9.27 bp | 70.2 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
APP on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APPUSDT | −0.0833% | 8h | 328.58 | +0.072% | $3.0M | $3.8M | 25x | as long as short |
| OKX APP-USDT-SWAPshort | −0.0232% | 8h | 328.95 | +0.186% | $416K | $380K | 25x | |
| Gate APP_USDT | 0.0000% | 8h | 328.30 | −0.012% | $769K | $642K | 25x | as long as short |
| Bitget APPUSDTlong | 0.0000% | 8h | 328.34 | long leg | $558K | $549K | 20x | |
| HTX APP-USDT | 0.0000% | 8h | 328.52 | +0.055% | $9K | $242K | 10x | as long as short |
| Extended APP_24_5-USD | +0.0040% | 1h | 329.64 | +0.397% | $23K | $6K | 10x | as long as short |
Binance APPUSDT
Gate APP_USDT
HTX APP-USDT
Extended APP_24_5-USD