Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.422%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$528as in the Funding arb table
Net, price: spread back to 7d avg − costs−$443as in the Price arb table
costs, in and out, $10k−$4764.762% of the position
Funding, last 7 days−0.516%−$52 on $10k
+Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.422%, 7d avg +0.094%
=The price spread pays, funding is against you. Gate is 0.328% dearer against OKX than usual: you sell high and buy low (spread +0.422% now, against its 7-day average of +0.094%): +$33 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−0.516% in total) that is about 4.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX POPMART-USDT-SWAP | 19.670 | 0.0032 | pay 0.0032% / 8h | 3h 24m | $272K | $90K | 20x |
| Short | Gate POPMART_USDT | 19.753 | 0 | get 0.0000% / 8h | 3h 24m | $292K | $16K | 20x |
OKX POPMART-USDT-SWAP
Gate POPMART_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.72
- Price spread: +0.422% → +0.094%
- $32.78
- Slippage, 4 orders
- −$451.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$450.1
- Costs to cover
- 4.762%
- Break-even
- never at this rate
Slippage from OKX: live order book, 25 min ago; Gate: live order book, 22 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, 25 min ago | 5.07 bp | 58.7 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 1.01 bp | 227.9 bp −$228 | doesn't fit | 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 | 19.690 | +0.102% | $57K | $3K | 25x | as long as short |
| Gate POPMART_USDTshort | 0.0000% | 8h | 19.753 | +0.422% | $292K | $16K | 20x | |
| Bitget POPMARTUSDT | 0.0000% | 8h | 19.714 | +0.224% | $480K | $84K | 20x | as long as short |
| HTX POPMART-USDT | 0.0000% | 4h | 19.650 | −0.102% | $7K | $6K | 10x | as long as short |
| Lighter POPMART | +0.0032% | 1h | 19.714 | +0.224% | — | — | 10x | as long as short |
| OKX POPMART-USDT-SWAPlong | +0.0032% | 8h | 19.670 | long leg | $272K | $90K | 20x | |
| KuCoin POPMARTUSDTM | +0.0158% | 4h | 19.690 | +0.102% | $30K | $43K | 20x | as long as short |
| Aster POPMARTUSDT | +0.0276% | 8h | 19.688 | +0.091% | $16K | $4K | 20x | as long as short |
| Binance POPMARTUSDT | +0.0321% | 4h | 19.680 | +0.051% | $1.4M | $398K | 25x | as long as short |
| edgeX POPMARTUSDC | +0.0994% | 4h | 19.671 | +0.007% | $199K | $234K | 10x | as long as short |
Bybit POPMARTUSDT
Bitget POPMARTUSDT
HTX POPMART-USDT
Lighter POPMART
KuCoin POPMARTUSDTM
Aster POPMARTUSDT
Binance POPMARTUSDT
edgeX POPMARTUSDC