BX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.0% APRnext payment −$2.20 per $10,000 · paid last 24h −0.030%

Price spread now: Bitget against OKX−0.032%7-day average +0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$447as in the Price arb table

costs, in and out, $10k−$4344.345% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.032%, 7d avg +0.096%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.127% cheaper against OKX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.096%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.20 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 BX-USDT-SWAP	126.68	0.0220	pay 0.0220% / 8h	7h 12m	$164K	$111K	20x
Short	Bitget BXUSDT	126.64	0	get 0.0000% / 8h	7h 12m	$899K	$39K	20x

Funding 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 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 BitgetbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$46.11
Price spread: −0.032% → +0.096%: −$12.72
Slippage, 4 orders: −$412.48
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$493.31
Costs to cover: 4.345%
Break-even: never at this rate

Slippage from OKX: live order book, 57 min ago; Bitget: live order book, 58 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, 57 min ago	5.93 bp	78.3 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 58 min ago	4.74 bp	60.6 bp −$61	73.8 bp −$738	doesn't fit	doesn't fit

BX on 14 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
Aster BXUSDT	0.0000%	8h	126.39	−0.229%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.54	−0.111%	$487K	$866K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.02	+0.268%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.65	−0.024%	$424K	$27K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.64	−0.032%	$899K	$39K	20x
SunX BX-USDT	0.0000%	8h	126.52	−0.126%	$1K	$306K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.64	−0.032%	$7K	$3K	20x	as long as short
tradeXYZ xyz:BX	+0.0207%	1h	126.42	−0.205%	$665K	$209K	10x	as long as short
OKX BX-USDT-SWAPlong	+0.0220%	8h	126.68	long leg	$164K	$111K	20x
Injective BX/USDC PERP	+0.0220%	1h	138.72	+9.504%	$4K	$32K	12x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.1078%	8h	126.37	−0.245%	$110K	$1.1M	20x	as long as short
Variational Omni BX	+0.1314%	8h	126.55	−0.102%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1688%	8h	126.49	−0.150%	$792K	$485K	20x	as long as short
GRVT BX_USDT_Perp	+0.1762%	8h	126.56	−0.095%	$462	$121K	10x	as long as short