Funding you earn now, next payment 16:00 UTC−0.1047%/8h= −114.6% APRnext payment −$10.47 per $10,000 · paid last 24h −0.180%
Price spread now: Bitget against OKX+0.012%7-day average −0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2672.675% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)−0.569%−$57 · spread now +0.012%, 7d avg −0.145%
=The price spread pays, funding is against you. Bitget is 0.157% dearer against OKX than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.145%): +$16 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.191% in total) that is about 5.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.47 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 POET-USDT-SWAP | 8.3080 | 0.0481 | pay 0.0481% / 8h | 7h 44m | $165K | $215K | 10x |
| Short | Bitget POETUSDT | 8.3090 | −0.0566 | pay 0.0566% / 8h | 7h 44m | $260K | $84K | 20x |
OKX POET-USDT-SWAP
Bitget POETUSDTFunding 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
- −$219.85
- Price spread: +0.012% → −0.145%
- $15.72
- Slippage, 4 orders
- −$245.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$471.59
- Costs to cover
- 2.675%
- Break-even
- never at this rate
Slippage from OKX: live order book, 51 min ago; Bitget: live order book, 46 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, 51 min ago | 14.93 bp | 77.8 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 46 min ago | 22.15 bp | 78.4 bp −$78 | 87.5 bp −$875 | doesn't fit | doesn't fit |
POET on 4 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 POETUSDTshort | −0.0566% | 8h | 8.3090 | +0.012% | $260K | $84K | 20x | |
| KuCoin POETUSDTM | +0.0100% | 8h | 8.3000 | −0.096% | $57K | $111K | 20x | as long as short |
| OKX POET-USDT-SWAPlong | +0.0481% | 8h | 8.3080 | long leg | $165K | $215K | 10x | |
| Bybit POETUSDT | +0.1408% | 8h | 8.3160 | +0.096% | $209K | $314K | 25x | as long as short |
KuCoin POETUSDTM
Bybit POETUSDT