Funding you earn now, next payment 00:00 UTC−0.0727%/8h= −79.6% APRnext payment −$7.27 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.078%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$432as in the Funding arb table
Net, price: spread back to 7d avg − costs−$433as in the Price arb table
costs, in and out, $10k−$4414.412% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.078%, 7d avg −0.008%
=The price spread pays, funding is against you. Gate is 0.086% dearer against OKX than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.008%): +$9 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.27 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 BSP-USDT-SWAP | 38.380 | 0.0727 | pay 0.0727% / 8h | 7h 59m | $154K | $160K | 10x |
| Short | Gate BSP_USDT | 38.410 | 0 | get 0.0000% / 8h | 7h 59m | $251K | $293K | 25x |
OKX BSP-USDT-SWAP
Gate BSP_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$152.68
- Price spread: +0.078% → −0.008%
- $8.64
- Slippage, 4 orders
- −$416.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$585.29
- Costs to cover
- 4.412%
- Break-even
- never at this rate
Slippage from OKX: live order book, 10 min ago; Gate: live order book, 7 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, 10 min ago | 9.11 bp | 185.5 bp −$186 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 7 min ago | 10.42 bp | 76.5 bp −$76 | 77.7 bp −$777 | 98.3 bp −$9,829 | doesn't fit |
BSP on 7 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 BSPUSDT | 0.0000% | 8h | 38.390 | +0.026% | $485K | $709K | 10x | as long as short |
| Bybit BSPUSDT | 0.0000% | 8h | 38.430 | +0.130% | $379K | $88K | 25x | as long as short |
| Gate BSP_USDTshort | 0.0000% | 8h | 38.410 | +0.078% | $251K | $293K | 25x | |
| Bitget BSPUSDT | 0.0000% | 8h | 38.411 | +0.081% | $100K | $65K | 20x | as long as short |
| HTX BSP-USDT | +0.0100% | 8h | 38.420 | +0.104% | $6K | $42K | 10x | as long as short |
| KuCoin BSPUSDTM | +0.0509% | 8h | 38.390 | +0.026% | $46K | $148K | 20x | as long as short |
| OKX BSP-USDT-SWAPlong | +0.0727% | 8h | 38.380 | long leg | $154K | $160K | 10x |
Binance BSPUSDT
Bybit BSPUSDT
Bitget BSPUSDT
HTX BSP-USDT
KuCoin BSPUSDTM