Funding you earn now, next payment 16:00 UTC+0.0326%/8h= +35.7% APRnext payment +$3.26 per $10,000 · paid last 24h +0.040%
Price spread now: OKX against Bitget−0.262%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$388as in the Funding arb table
Net, price: spread back to 7d avg − costs−$402as in the Price arb table
costs, in and out, $10k−$3883.878% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.874%+$87 · spread now −0.262%, 7d avg −0.120%
=Funding pays, the price is against you. OKX is 0.142% cheaper against Bitget than usual: you would sell low and buy high (spread −0.262% now, against its 7-day average of −0.120%). If the spread goes back, that is −$14 on $10k: about 35 hours of funding at the current rate (+$10 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.26 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 FWDIUSDT | 8.0180 | −0.0587 | get 0.0587% / 8h | 7h 44m | $426K | $140K | 5x |
| Short | OKX FWDI-USDT-SWAP | 7.9970 | −0.0261 | pay 0.0261% / 8h | 7h 44m | $316K | $234K | 10x |
Bitget FWDIUSDT
OKX FWDI-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
- $68.55
- Price spread: −0.262% → −0.120%
- −$14.16
- Slippage, 4 orders
- −$365.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$333.39
- Costs to cover
- 3.878%
- Break-even
- 41.0 days
Slippage from Bitget: live order book, 47 min ago; OKX: live order book, 51 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, 47 min ago | 13.70 bp | 67.6 bp −$68 | 73.4 bp −$734 | 185.7 bp −$18.6K | doesn't fit |
| Sell OKX live order book, 51 min ago | 4.98 bp | 101.1 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
FWDI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget FWDIUSDTlong | −0.0587% | 8h | 8.0180 | long leg | $426K | $140K | 5x | |
| OKX FWDI-USDT-SWAPshort | −0.0261% | 8h | 7.9970 | −0.262% | $316K | $234K | 10x | |
| Binance FWDIUSDT | −0.0232% | 8h | 8.0202 | +0.028% | $444K | $1.5M | 10x | as long as short |
| Bybit FWDIUSDT | 0.0000% | 8h | 8.0230 | +0.062% | $357K | $278K | 25x | as long as short |
| QFEX FWDI-USD | 0.0000% | 1h | 7.7000 | −3.966% | $1.1M | $355K | 10x | as long as short |
| Variational Omni FWDI | 0.0000% | 8h | 8.0187 | +0.008% | $114K | $57K | — | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0210 | +0.037% | $7K | $63K | 10x | as long as short |
Binance FWDIUSDT
Bybit FWDIUSDT
QFEX FWDI-USD
Variational Omni FWDI
HTX FWDI-USDT