Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +12.9% APRnext payment +$1.18 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate−0.303%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$592as in the Funding arb table
Net, price: spread back to 7d avg − costs−$665as in the Price arb table
costs, in and out, $10k−$6446.436% of the position
Funding, last 7 days+0.516%+$52 on $10k
+Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.303%, 7d avg −0.094%
=Funding pays, the price is against you. OKX is 0.209% cheaper against Gate than usual: you would sell low and buy high (spread −0.303% now, against its 7-day average of −0.094%). If the spread goes back, that is −$21 on $10k: about 5.9 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.516% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate POPMART_USDT | 19.770 | 0 | get 0.0000% / 8h | 3h 48m | $291K | $15K | 20x |
| Short | OKX POPMART-USDT-SWAP | 19.710 | 0.0118 | get 0.0118% / 8h | 3h 48m | $277K | $85K | 20x |
Gate POPMART_USDT
OKX POPMART-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $24.79
- Price spread: −0.303% → −0.094%
- −$20.94
- Slippage, 4 orders
- −$618.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$639.74
- Costs to cover
- 6.436%
- Break-even
- 187.7 days
Slippage from Gate: live order book, 64 min ago; OKX: live order book, 2 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 Gate live order book, 64 min ago | 14.90 bp | 307.7 bp −$308 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 5.07 bp | 39.7 bp −$40 | 681.5 bp −$6,815 | doesn't fit | doesn't fit |
POPMART on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit POPMARTUSDT | 0.0000% | 8h | 19.710 | −0.303% | $57K | $3K | 25x | as long as short |
| Gate POPMART_USDTlong | 0.0000% | 8h | 19.770 | long leg | $291K | $15K | 20x | |
| Bitget POPMARTUSDT | 0.0000% | 8h | 19.737 | −0.167% | $480K | $85K | 20x | as long as short |
| HTX POPMART-USDT | 0.0000% | 4h | 19.710 | −0.303% | $7K | $7K | 10x | as long as short |
| Lighter POPMART | +0.0032% | 1h | 19.714 | −0.283% | — | — | 10x | as long as short |
| OKX POPMART-USDT-SWAPshort | +0.0118% | 8h | 19.710 | −0.303% | $277K | $85K | 20x | |
| Aster POPMARTUSDT | +0.0327% | 8h | 19.728 | −0.212% | $16K | $4K | 20x | as long as short |
| KuCoin POPMARTUSDTM | +0.0432% | 4h | 19.720 | −0.253% | $30K | $43K | 20x | as long as short |
| Binance POPMARTUSDT | +0.0671% | 4h | 19.710 | −0.303% | $1.4M | $390K | 25x | as long as short |
| edgeX POPMARTUSDC | +0.0832% | 4h | 19.712 | −0.295% | $199K | $235K | 10x | as long as short |
Bybit POPMARTUSDT
Bitget POPMARTUSDT
HTX POPMART-USDT
Lighter POPMART
Aster POPMARTUSDT
KuCoin POPMARTUSDTM
Binance POPMARTUSDT
edgeX POPMARTUSDC