Funding you earn now, next payment 08:00 UTC+0.0730%/8h= +79.9% APRnext payment +$7.30 per $10,000 · paid last 24h +0.012%
Price spread now: OKX against Bitget−0.056%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 7 days−0.005%$0 · spread now −0.056%, 7d avg −0.011%
=Funding pays, the price is against you. OKX is 0.045% cheaper against Bitget than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.011%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.048% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.30 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 COINUSDT | 197.32 | −0.0730 | get 0.0730% / 8h | 4h 41m | $6.2M | $10.3M | 20x |
| Short | OKX COIN-USDT-SWAP | 197.21 | 0 | get 0.0000% / 8h | 4h 41m | $3.0M | $4.6M | 20x |
Bitget COINUSDT
OKX COIN-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
- $153.3
- Price spread: −0.056% → −0.011%
- −$4.49
- Slippage, 4 orders
- −$23.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $103.33
- Costs to cover
- 0.455%
- Break-even
- 2.3 days
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 2.03 bp | 11.2 bp −$11 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.03 bp | 13.4 bp −$13 | 32.0 bp −$320 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTlong | −0.0730% | 8h | 197.32 | long leg | $6.2M | $10.3M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.03 | −0.147% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0205% | 8h | 197.14 | −0.091% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0086% | 1h | 196.48 | −0.426% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.38 | +0.029% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.12 | −0.101% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.17 | −0.077% | $15.1M | $78.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.16 | −0.081% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPshort | 0.0000% | 8h | 197.21 | −0.056% | $3.0M | $4.6M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 197.11 | −0.107% | $683K | $938K | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.17 | −0.076% | $12K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.04 | −0.142% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.09 | −0.115% | $356K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.08 | −0.122% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.15 | −0.086% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.07 | −0.127% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.96 | −0.182% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.01 | −0.157% | $63 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.91 | −0.208% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.12 | −0.101% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.08 | −0.122% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.12 | −0.101% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.08 | −0.123% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.13 | −0.096% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.15 | −0.086% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0512% | 4h | 197.15 | −0.084% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC