Funding you earn now, next payment 08:00 UTC+0.0193%/8h= +21.1% APRnext payment +$1.93 per $10,000 · paid last 24h −0.052%
Price spread now: OKX against Gate+0.020%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days−0.065%−$6 · spread now +0.020%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.113%, 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 -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.93 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 | Gate COIN_USDT | 197.98 | −0.0193 | get 0.0193% / 8h | 5h 12m | $1.2M | $7.1M | 50x |
| Short | OKX COIN-USDT-SWAP | 198.02 | 0 | get 0.0000% / 8h | 5h 12m | $3.1M | $4.6M | 20x |
Gate COIN_USDT
OKX COIN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $40.53
- Price spread: +0.020% → −0.014%
- $3.44
- Slippage, 4 orders
- −$27.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$8.28
- Costs to cover
- 0.522%
- Break-even
- 8.4 days
Slippage from Gate: live order book, 1 min ago; OKX: live order book, 5 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 Gate live order book, 1 min ago | 5.81 bp | 17.5 bp −$17 | 116.2 bp −$1,162 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.51 bp | 11.7 bp −$12 | 26.1 bp −$261 | 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 COINUSDT | −0.0665% | 8h | 198.04 | +0.030% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.08 | +0.051% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0193% | 8h | 197.98 | long leg | $1.2M | $7.1M | 50x | |
| Vest COIN-USD-PERP | −0.0087% | 1h | 197.53 | −0.227% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.15 | +0.088% | $350K | $876K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.93 | −0.027% | $117K | $696K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.98 | 0.000% | $15.1M | $78.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.02 | +0.020% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPshort | 0.0000% | 8h | 198.02 | +0.020% | $3.1M | $4.6M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 198.13 | +0.074% | $686K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
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 | 198.12 | +0.071% | $15K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.94 | −0.020% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.94 | −0.019% | $358K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.89 | −0.045% | $454K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.11 | +0.066% | $15K | $55K | 5x | as long as short |
| edgeX COINUSDC | +0.0045% | 4h | 198.08 | +0.051% | $51K | $295K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.90 | −0.040% | $15.6M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.91 | −0.035% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.94 | −0.020% | $78 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.73 | −0.126% | $352K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.91 | −0.035% | $996K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.04 | +0.030% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.00 | +0.010% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.97 | −0.003% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.02 | +0.020% | $189K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 198.14 | +0.081% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
edgeX COINUSDC
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