Funding you earn now, next payment 08:00 UTC−0.0849%/8h= −93.0% APRnext payment −$8.49 per $10,000 · paid last 24h +0.016%
Price spread now: OKX against Gate+0.014%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$620as in the Funding arb table
Net, price: spread back to 7d avg − costs−$623as in the Price arb table
costs, in and out, $10k−$6256.246% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now +0.014%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.49 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 | Gate SHOP_USDT | 140.13 | 0.0849 | pay 0.0849% / 8h | 2h 50m | $270K | $62K | 20x |
| Short | OKX SHOP-USDT-SWAP | 140.15 | 0 | get 0.0000% / 8h | 2h 50m | $125K | $324K | 20x |
Gate SHOP_USDT
OKX SHOP-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
- −$178.29
- Price spread: +0.014% → −0.005%
- $1.9
- Slippage, 4 orders
- −$599.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$801
- Costs to cover
- 6.246%
- Break-even
- never at this rate
Slippage from Gate: live order book, 56 min ago; OKX: live order book, 60 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, 56 min ago | 30.10 bp | 305.9 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 60 min ago | 11.42 bp | 60.5 bp −$60 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SHOPUSDC | −0.0324% | 4h | 140.24 | +0.076% | $18K | $225K | 10x | as long as short |
| Binance SHOPUSDT | 0.0000% | 8h | 140.01 | −0.085% | $393K | $888K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 140.18 | +0.036% | $855K | $92K | 25x | as long as short |
| OKX SHOP-USDT-SWAPshort | 0.0000% | 8h | 140.15 | +0.014% | $125K | $324K | 20x | |
| Bitget SHOPUSDT | 0.0000% | 8h | 140.03 | −0.071% | $318K | $180K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 140.14 | +0.007% | $9K | $349K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −1.003% | $263K | $6K | 10x | as long as short |
| Gate SHOP_USDTlong | +0.0849% | 8h | 140.13 | long leg | $270K | $62K | 20x |
edgeX SHOPUSDC
Binance SHOPUSDT
Bybit SHOPUSDT
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD