Funding you earn now, next payment 08:00 UTC−0.0453%/8h= −49.6% APRnext payment −$4.53 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX+0.183%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$458as in the Funding arb table
Net, price: spread back to 7d avg − costs−$446as in the Price arb table
costs, in and out, $10k−$4624.625% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.455%−$45 · spread now +0.183%, 7d avg +0.014%
=The price spread pays, funding is against you. Bitget is 0.169% dearer against OKX than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.014%): +$17 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 30 hours.
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 −$4.53 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 OUST-USDT-SWAP | 38.150 | 0 | get 0.0000% / 8h | 2h 55m | $106K | $248K | 20x |
| Short | Bitget OUSTUSDT | 38.220 | −0.0453 | pay 0.0453% / 8h | 2h 55m | $426K | $262K | 20x |
OKX OUST-USDT-SWAP
Bitget OUSTUSDTFunding 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
- −$95.13
- Price spread: +0.183% → +0.014%
- $16.92
- Slippage, 4 orders
- −$440.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$540.71
- Costs to cover
- 4.625%
- Break-even
- never at this rate
Slippage from OKX: live order book, 54 min ago; Bitget: live order book, 50 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, 54 min ago | 8.98 bp | 119.9 bp −$120 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 50 min ago | 11.62 bp | 166.6 bp −$167 | 184.9 bp −$1,849 | 269.4 bp −$26.9K | doesn't fit |
OUST 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 OUSTUSDTshort | −0.0453% | 8h | 38.220 | +0.183% | $426K | $262K | 20x | |
| Bybit OUSTUSDT | 0.0000% | 8h | 38.440 | +0.760% | $543K | $393K | 25x | as long as short |
| OKX OUST-USDT-SWAPlong | 0.0000% | 8h | 38.150 | long leg | $106K | $248K | 20x | |
| QFEX OUST-USD | 0.0000% | 1h | 38.200 | +0.131% | $1.1M | $489K | 10x | as long as short |
| Gate OUST_USDT | 0.0000% | 8h | 38.390 | +0.629% | $81K | $19K | 20x | as long as short |
| HTX OUST-USDT | +0.0100% | 8h | 38.180 | +0.079% | $5K | $333K | 20x | as long as short |
| edgeX OUSTUSDC | +0.0509% | 4h | 38.380 | +0.603% | $39K | $267K | 10x | as long as short |
Bybit OUSTUSDT
QFEX OUST-USD
Gate OUST_USDT
HTX OUST-USDT
edgeX OUSTUSDC