Funding you earn now, next payment 08:00 UTC−0.0204%/8h= −22.3% APRnext payment −$2.04 per $10,000 · paid last 24h +0.052%
Price spread now: Gate against OKX+0.005%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now +0.005%, 7d avg +0.014%
=The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.113%, 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 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 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 COIN-USDT-SWAP | 196.89 | 0 | get 0.0000% / 8h | 4h 42m | $3.0M | $4.6M | 20x |
| Short | Gate COIN_USDT | 196.90 | −0.0204 | pay 0.0204% / 8h | 4h 42m | $1.2M | $7.1M | 50x |
OKX COIN-USDT-SWAP
Gate COIN_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
- −$42.84
- Price spread: +0.005% → +0.014%
- −$0.92
- Slippage, 4 orders
- −$20.77
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$89.53
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago | 1.78 bp | 13.1 bp −$13 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.79 bp | 12.0 bp −$12 | 45.8 bp −$458 | 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 | −0.0714% | 8h | 196.95 | +0.030% | $6.2M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.06 | +0.086% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTshort | −0.0204% | 8h | 196.90 | +0.005% | $1.2M | $7.1M | 50x | |
| Vest COIN-USD-PERP | −0.0085% | 1h | 196.63 | −0.132% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.01 | +0.060% | $344K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.81 | −0.040% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.83 | −0.031% | $15.0M | $78.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.85 | −0.020% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 196.89 | long leg | $3.0M | $4.6M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 197.14 | +0.126% | $683K | $938K | — | 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 | 197.17 | +0.142% | $12K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.14 | +0.127% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.85 | −0.020% | $355K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.82 | −0.036% | $449K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.28 | +0.198% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.80 | −0.046% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.01 | +0.061% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.95 | +0.030% | $70 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.91 | +0.010% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.83 | −0.030% | $991K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.08 | +0.097% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.04 | +0.076% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.90 | +0.007% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.96 | +0.036% | $189K | $390K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.15 | +0.132% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0720% | 4h | 197.12 | +0.116% | $51K | $296K | 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