Funding you earn now, next payment 08:00 UTC−0.0592%/8h= −64.8% APRnext payment −$5.92 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX−0.260%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$378as in the Funding arb table
Net, price: spread back to 7d avg − costs−$413as in the Price arb table
costs, in and out, $10k−$3863.861% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now −0.260%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bitget is 0.264% cheaper against OKX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.077%, 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 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.92 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 PURR-USDT-SWAP | 13.450 | 0 | get 0.0000% / 8h | 2h 31m | $588K | $1.2M | 20x |
| Short | Bitget PURRUSDT | 13.415 | −0.0592 | pay 0.0592% / 8h | 2h 31m | $382K | $1.9M | 20x |
OKX PURR-USDT-SWAP
Bitget PURRUSDTFunding 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
- −$124.32
- Price spread: −0.260% → +0.004%
- −$26.42
- Slippage, 4 orders
- −$364.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$536.85
- Costs to cover
- 3.861%
- Break-even
- never at this rate
Slippage from OKX: live order book, just now; 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, just now | 7.44 bp | 66.1 bp −$66 | 326.6 bp −$3,266 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 25.34 bp | 117.5 bp −$118 | 131.1 bp −$1,311 | doesn't fit | doesn't fit |
PURR 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 PURRUSDTshort | −0.0592% | 8h | 13.415 | −0.260% | $382K | $1.9M | 20x | |
| Bybit PURRUSDT | 0.0000% | 8h | 13.409 | −0.305% | $583K | $869K | 25x | as long as short |
| OKX PURR-USDT-SWAPlong | 0.0000% | 8h | 13.450 | long leg | $588K | $1.2M | 20x | |
| QFEX PURR-USD | 0.0000% | 1h | 13.430 | −0.149% | $1.3M | $1.7M | 10x | as long as short |
| Gate PURR_USDT | 0.0000% | 8h | 13.430 | −0.149% | $52K | $37K | 20x | as long as short |
| HTX PURR-USDT | 0.0000% | 1h | 13.511 | +0.454% | $7K | $346K | 20x | as long as short |
| Ondo Perps PURR-USD.P | +0.0314% | 1h | 13.459 | +0.067% | $8K | $53K | 5x | as long as short |
| Extended PURR-USD | +0.0896% | 1h | 13.435 | −0.108% | $192K | $242K | 10x | as long as short |
Bybit PURRUSDT
QFEX PURR-USD
Gate PURR_USDT
HTX PURR-USDT
Ondo Perps PURR-USD.P
Extended PURR-USD