Funding you earn now, next payment 16:00 UTC−0.0247%/8h= −27.1% APRnext payment −$2.47 per $10,000 · paid last 24h +0.020%
Price spread now: OKX against Gate−0.146%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.146% cheaper against Gate than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOFTBANK_USDT | 41.170 | 0 | get 0.0000% / 8h | 7h 43m | $5K | $734 | 20x |
| Short | OKX SOFTBANK-USDT-SWAP | 41.110 | −0.0247 | pay 0.0247% / 8h | 7h 43m | $88K | $228K | 10x |
Gate SOFTBANK_USDT
OKX SOFTBANK-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
- −$51.96
- Price spread: −0.146% → 0.000%
- −$14.57
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$91.54
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; OKX: live order book, 52 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 52 min ago | 16.97 bp | 280.4 bp −$280 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0247% | 8h | 41.110 | −0.146% | $88K | $228K | 10x | |
| Gate SOFTBANK_USDTlong | 0.0000% | 8h | 41.170 | long leg | $5K | $734 | 20x | |
| Bitget SOFTBANKUSDT | 0.0000% | 8h | 40.987 | −0.444% | $2.1M | $1.6M | 20x | as long as short |
| HTX SOFTBANK-USDT | 0.0000% | 1h | 41.161 | −0.022% | $6K | $381K | 20x | as long as short |
| tradeXYZ xyz:SOFTBANK | +0.0555% | 1h | 41.384 | +0.520% | $1.6M | $520K | 10x | as long as short |
Bitget SOFTBANKUSDT
HTX SOFTBANK-USDT
tradeXYZ xyz:SOFTBANK