Funding you earn now, next payment 08:00 UTC−0.0638%/8h= −69.9% APRnext payment −$6.38 per $10,000 · paid last 24h +0.066%
Price spread now: Bitget against OKX+0.112%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$327as in the Funding arb table
Net, price: spread back to 7d avg − costs−$332as in the Price arb table
costs, in and out, $10k−$3313.314% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.112%, 7d avg +0.118%
=The price spread sits at its 7-day average of +0.118%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.38 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 FWDI-USDT-SWAP | 8.0560 | −0.0462 | get 0.0462% / 8h | 2h 11m | $320K | $247K | 10x |
| Short | Bitget FWDIUSDT | 8.0650 | −0.1100 | pay 0.1100% / 8h | 2h 11m | $429K | $177K | 5x |
OKX FWDI-USDT-SWAP
Bitget FWDIUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$133.96
- Price spread: +0.112% → +0.118%
- −$0.67
- Slippage, 4 orders
- −$309.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$466.07
- Costs to cover
- 3.314%
- Break-even
- never at this rate
Slippage from OKX: live order book, 34 min ago; Bitget: live order book, 29 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, 34 min ago | 8.09 bp | 97.2 bp −$97 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 29 min ago | 11.19 bp | 52.3 bp −$52 | 63.9 bp −$639 | 158.1 bp −$15.8K | 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 FWDIUSDTshort | −0.1100% | 8h | 8.0650 | +0.112% | $429K | $177K | 5x | |
| Binance FWDIUSDT | −0.0531% | 8h | 8.0625 | +0.081% | $454K | $1.7M | 10x | as long as short |
| OKX FWDI-USDT-SWAPlong | −0.0462% | 8h | 8.0560 | long leg | $320K | $247K | 10x | |
| Variational Omni FWDI | −0.0268% | 8h | 8.0522 | −0.048% | $114K | $94K | — | as long as short |
| Bybit FWDIUSDT | −0.0217% | 8h | 8.0650 | +0.112% | $363K | $304K | 25x | as long as short |
| QFEX FWDI-USD | 0.0000% | 1h | 8.0700 | +0.174% | $1.1M | $385K | 10x | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0650 | +0.112% | $7K | $62K | 10x | as long as short |
Binance FWDIUSDT
Variational Omni FWDI
Bybit FWDIUSDT
QFEX FWDI-USD
HTX FWDI-USDT