BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1490%/8h= +163.1% APRnext payment +$14.90 per $10,000 · paid last 24h +0.182%

Price spread now: Gate against OKX−0.069%7-day average +0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$581as in the Funding arb table

Net, price: spread back to 7d avg − costs−$556as in the Price arb table

costs, in and out, $10k−$5375.373% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.439%−$44 on $10k

Price spread, last 4 days (all we have)+0.455%+$46 · spread now −0.069%, 7d avg +0.117%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.186% cheaper against OKX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.117%). If the spread goes back, that is −$19 on $10k: about 10 hours of funding at the current rate (+$45 a day). Mind the row above: over the last 7 days funding on this pair cost −0.439%, 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 -0.439% in total (about -22.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.90 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	29.180	−0.1490	get 0.1490% / 8h	1h 37m	$232K	$224K	20x
Short	Gate BOT_USDT	29.160	0	get 0.0000% / 8h	1h 37m	$250K	$232K	20x

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 −0.069%Rate

Funding earned: $312.83
Price spread: −0.069% → +0.117%: −$18.57
Slippage, 4 orders: −$512.32
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$243.05
Costs to cover: 5.373%
Break-even: 12.4 days

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 65 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, 3 min ago	5.14 bp	145.4 bp −$145	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	32.35 bp	166.2 bp −$166	doesn't fit	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
tradeXYZ xyz:BOT	−0.1584%	1h	29.153	−0.093%	$3.1M	$790K	10x	as long as short
OKX BOT-USDT-SWAPlong	−0.1490%	8h	29.180	long leg	$232K	$224K	20x
KuCoin BOTUSDTM	−0.0688%	8h	29.170	−0.034%	$93K	$361K	20x	as long as short
Binance BOTUSDT	−0.0570%	8h	29.182	+0.007%	$455K	$1.2M	10x	as long as short
Variational Omni BOT	−0.0455%	8h	29.180	0.000%	$31K	$14K	—	as long as short
QFEX BOT-USD	−0.0080%	1h	29.160	−0.069%	$1.2M	$482K	10x	as long as short
Bitget BOTUSDT	−0.0074%	8h	29.170	−0.034%	$243K	$130K	5x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.150	−0.103%	$517K	$577K	25x	as long as short
Gate BOT_USDTshort	0.0000%	8h	29.160	−0.069%	$250K	$232K	20x
Lighter BOT	+0.0032%	1h	29.334	+0.528%	$67K	$1K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.130	−0.171%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.227	+0.161%	$3K	$34K	10x	as long as short