Funding you earn now, next payment 08:00 UTC−0.0118%/8h= −12.9% APRnext payment −$1.18 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against Bitget+0.698%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$2522.522% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)−0.489%−$49 · spread now +0.698%, 7d avg +0.063%
=The price spread pays, funding is against you. OKX is 0.635% dearer against Bitget than usual: you sell high and buy low (spread +0.698% now, against its 7-day average of +0.063%): +$63 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.114% in total) that is about 39 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOFTBANKUSDT | 40.974 | −0.0141 | get 0.0141% / 8h | 3h 49m | $2.1M | $1.6M | 20x |
| Short | OKX SOFTBANK-USDT-SWAP | 41.260 | −0.0259 | pay 0.0259% / 8h | 3h 49m | $85K | $208K | 10x |
Bitget SOFTBANKUSDT
OKX SOFTBANK-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
- −$24.71
- Price spread: +0.698% → +0.063%
- $63.48
- Slippage, 4 orders
- −$230.23
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$213.46
- Costs to cover
- 2.522%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; OKX: 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 Bitget live order book, 3 min ago | 1.83 bp | 9.7 bp −$10 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 12.12 bp | 95.1 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
SOFTBANK on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX SOFTBANK-USDT-SWAPshort | −0.0259% | 8h | 41.260 | +0.698% | $85K | $208K | 10x | |
| Bitget SOFTBANKUSDTlong | −0.0141% | 8h | 40.974 | long leg | $2.1M | $1.6M | 20x | |
| Gate SOFTBANK_USDT | 0.0000% | 8h | 41.280 | +0.747% | $5K | $754 | 20x | as long as short |
| HTX SOFTBANK-USDT | 0.0000% | 1h | 41.291 | +0.774% | $6K | $380K | 20x | as long as short |
| tradeXYZ xyz:SOFTBANK | +0.1374% | 1h | 41.455 | +1.174% | $1.6M | $499K | 10x | as long as short |
Gate SOFTBANK_USDT
HTX SOFTBANK-USDT
tradeXYZ xyz:SOFTBANK