Funding you earn now, next payment 16:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.019%
Price spread now: OKX against Bitget−0.101%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2001.996% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.436%+$44 · spread now −0.101%, 7d avg +0.055%
=Funding pays, the price is against you. OKX is 0.156% cheaper against Bitget than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.055%). If the spread goes back, that is −$16 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.021% in total) that is about 51 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SHOPUSDT | 138.69 | −0.0024 | get 0.0024% / 8h | 7h 44m | $295K | $201K | 20x |
| Short | OKX SHOP-USDT-SWAP | 138.55 | 0 | get 0.0000% / 8h | 7h 44m | $122K | $330K | 20x |
Bitget SHOPUSDT
OKX SHOP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $5.04
- Price spread: −0.101% → +0.055%
- −$15.64
- Slippage, 4 orders
- −$177.55
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$210.15
- Costs to cover
- 1.996%
- Break-even
- 298.9 days
Slippage from Bitget: live order book, 45 min ago; OKX: live order book, 51 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 Bitget live order book, 45 min ago | 7.54 bp | 76.9 bp −$77 | 94.5 bp −$945 | doesn't fit | doesn't fit |
| Sell OKX live order book, 51 min ago | 12.93 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
SHOP 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 SHOPUSDTlong | −0.0024% | 8h | 138.69 | long leg | $295K | $201K | 20x | |
| Binance SHOPUSDT | 0.0000% | 8h | 138.66 | −0.025% | $376K | $973K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 138.87 | +0.130% | $844K | $100K | 25x | as long as short |
| OKX SHOP-USDT-SWAPshort | 0.0000% | 8h | 138.55 | −0.101% | $122K | $330K | 20x | |
| Gate SHOP_USDT | 0.0000% | 8h | 138.54 | −0.108% | $267K | $63K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 138.97 | +0.202% | $9K | $352K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.41 | −0.200% | $262K | $6K | 10x | as long as short |
| edgeX SHOPUSDC | +0.0436% | 4h | 139.01 | +0.233% | $18K | $228K | 10x | as long as short |
Binance SHOPUSDT
Bybit SHOPUSDT
Gate SHOP_USDT
HTX SHOP-USDT
Extended SHOP-USD
edgeX SHOPUSDC