Funding you earn now, next payment 08:00 UTC−0.2173%/8h= −237.9% APRnext payment −$21.73 per $10,000 · paid last 24h +0.071%
Price spread now: Bitget against OKX−0.003%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2092.094% of the position
Funding, last 7 days+0.640%+$64 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.003%, 7d avg −0.045%
=The price spread pays, funding is against you. Bitget is 0.042% dearer against OKX than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.045%): +$4 on $10k if it goes back. Holding the pair costs −$65 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.640%, 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 0.640% in total (about 33.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$21.73 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 INTW-USDT-SWAP | 31.940 | 0 | get 0.0000% / 8h | 2h 36m | $307K | $2.4M | 25x |
| Short | Bitget INTWUSDT | 31.939 | −0.2173 | pay 0.2173% / 8h | 2h 36m | $311K | $1.6M | 20x |
OKX INTW-USDT-SWAP
Bitget INTWUSDTFunding 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
- −$456.33
- Price spread: −0.003% → −0.045%
- $4.19
- Slippage, 4 orders
- −$187.43
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$661.57
- Costs to cover
- 2.094%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bitget: 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, 1 min ago | 4.70 bp | 46.2 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 6.26 bp | 36.7 bp −$37 | 58.0 bp −$580 | doesn't fit | doesn't fit |
INTW on 8 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 INTWUSDTshort | −0.2173% | 8h | 31.939 | −0.003% | $311K | $1.6M | 20x | |
| Binance INTWUSDT | 0.0000% | 8h | 31.896 | −0.137% | $3.1M | $35.1M | 25x | as long as short |
| Bybit INTWUSDT | 0.0000% | 8h | 31.900 | −0.125% | $722K | $1.2M | 25x | as long as short |
| OKX INTW-USDT-SWAPlong | 0.0000% | 8h | 31.940 | long leg | $307K | $2.4M | 25x | |
| Gate INTW_USDT | 0.0000% | 8h | 31.970 | +0.094% | $496K | $2.1M | 25x | as long as short |
| MEXC INTW_USDT | 0.0000% | 8h | 31.930 | −0.031% | $1.3M | $413K | 50x | as long as short |
| HTX INTW-USDT | 0.0000% | 8h | 31.990 | +0.157% | $10K | $8K | 10x | as long as short |
| KuCoin INTWUSDTM | +0.0100% | 8h | 31.880 | −0.188% | $58K | $112K | 20x | as long as short |
Binance INTWUSDT
Bybit INTWUSDT
Gate INTW_USDT
MEXC INTW_USDT
HTX INTW-USDT
KuCoin INTWUSDTM