Funding you earn now, next payment 08:00 UTC+0.1135%/8h= +124.3% APRnext payment +$11.35 per $10,000 · paid last 24h +0.203%
Price spread now: Bitget against OKX+0.136%7-day average +0.325% · you sell dearer than you buy
Net, funding: paid 7d − costs−$337as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$2962.956% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 4 days (all we have)+0.572%+$57 · spread now +0.136%, 7d avg +0.325%
=Funding pays, the price is against you. Bitget is 0.189% cheaper against OKX than usual: you would sell low and buy high (spread +0.136% now, against its 7-day average of +0.325%). If the spread goes back, that is −$19 on $10k: about 13 hours of funding at the current rate (+$34 a day). Mind the row above: over the last 7 days funding on this pair cost −0.412%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.412% in total (about -21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.35 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 BOT-USDT-SWAP | 29.350 | −0.1135 | get 0.1135% / 8h | 2h 38m | $234K | $211K | 20x |
| Short | Bitget BOTUSDT | 29.390 | 0 | get 0.0000% / 8h | 2h 38m | $246K | $120K | 5x |
OKX BOT-USDT-SWAP
Bitget BOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $238.43
- Price spread: +0.136% → +0.325%
- −$18.88
- Slippage, 4 orders
- −$273.57
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$76.03
- Costs to cover
- 2.956%
- Break-even
- 9.2 days
Slippage from OKX: live order book, 7 min ago; Bitget: live order book, 1 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, 7 min ago | 6.81 bp | 140.8 bp −$141 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 8.51 bp | 15.8 bp −$16 | 33.7 bp −$337 | doesn't fit | doesn't fit |
BOT on 12 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 BOT-USDT-SWAPlong | −0.1135% | 8h | 29.350 | long leg | $234K | $211K | 20x | |
| tradeXYZ xyz:BOT | −0.1046% | 1h | 29.314 | −0.123% | $3.1M | $777K | 10x | as long as short |
| KuCoin BOTUSDTM | −0.0827% | 8h | 29.320 | −0.102% | $94K | $317K | 20x | as long as short |
| Binance BOTUSDT | −0.0602% | 8h | 29.330 | −0.068% | $451K | $1.2M | 10x | as long as short |
| Variational Omni BOT | −0.0516% | 8h | 29.316 | −0.116% | $31K | $14K | — | as long as short |
| QFEX BOT-USD | −0.0071% | 1h | 29.310 | −0.136% | $1.2M | $491K | 10x | as long as short |
| Bybit BOTUSDT | 0.0000% | 8h | 29.300 | −0.170% | $519K | $563K | 25x | as long as short |
| Gate BOT_USDT | 0.0000% | 8h | 29.360 | +0.034% | $254K | $232K | 20x | as long as short |
| Bitget BOTUSDTshort | 0.0000% | 8h | 29.390 | +0.136% | $246K | $120K | 5x | |
| Lighter BOT | +0.0032% | 1h | 29.519 | +0.576% | $68K | $1K | 3x | as long as short |
tradeXYZ xyz:BOT
KuCoin BOTUSDTM
Binance BOTUSDT
Variational Omni BOT
QFEX BOT-USD
Bybit BOTUSDT
Gate BOT_USDT
Lighter BOTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | +0.0040% | 1h | 29.300 | −0.170% | $3K | $9K | 5x | as long as short |
| HTX BOT-USDT | +0.0100% | 8h | 29.368 | +0.061% | $3K | $34K | 10x | as long as short |
Arcus BOT-USD
HTX BOT-USDT