Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.17 per $10,000 · paid last 24h +0.095%
Price spread now: OKX against Gate0.000%7-day average +0.323% · you sell dearer than you buy
Net, funding: paid 7d − costs−$544as in the Funding arb table
Net, price: spread back to 7d avg − costs−$630as in the Price arb table
costs, in and out, $10k−$5985.975% of the position
Funding, last 7 days+0.537%+$54 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now 0.000%, 7d avg +0.323%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.323% cheaper against Gate than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.323%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.537%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPCH_USDT | 10.340 | 0.0060 | pay 0.0060% / 8h | 2h 54m | $233K | $498K | 20x |
| Short | OKX SPCH-USDT-SWAP | 10.340 | 0.0043 | get 0.0043% / 8h | 2h 54m | $96K | $281K | 10x |
Gate SPCH_USDT
OKX SPCH-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
- −$3.54
- Price spread: 0.000% → +0.323%
- −$32.32
- Slippage, 4 orders
- −$572.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$633.37
- Costs to cover
- 5.975%
- Break-even
- never at this rate
Slippage from Gate: live order book, 56 min ago; OKX: live order book, 56 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 | 28.89 bp | 327.4 bp −$327 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 56 min ago | 0.48 bp | 58.6 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
SPCH 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPCHUSDT | 0.0000% | 8h | 10.345 | +0.048% | $174K | $188K | 25x | as long as short |
| Bitget SPCHUSDT | 0.0000% | 8h | 10.321 | −0.184% | $207K | $275K | 20x | as long as short |
| HTX SPCH-USDT | 0.0000% | 8h | 10.337 | −0.029% | $17K | $407K | 20x | as long as short |
| OKX SPCH-USDT-SWAPshort | +0.0043% | 8h | 10.340 | 0.000% | $96K | $281K | 10x | |
| Gate SPCH_USDTlong | +0.0060% | 8h | 10.340 | long leg | $233K | $498K | 20x |
Bybit SPCHUSDT
Bitget SPCHUSDT
HTX SPCH-USDT