Funding you earn now, next payment 08:00 UTC+0.0503%/8h= +55.1% APRnext payment +$5.03 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate+0.100%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.310%+$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.100% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.310% in total (about 16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.03 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 TMF_USDT | 29.970 | 0 | get 0.0000% / 8h | 6h 23m | $52K | $6K | 20x |
| Short | OKX TMF-USDT-SWAP | 30.000 | 0.0503 | get 0.0503% / 8h | 6h 23m | $148K | $130K | 20x |
Gate TMF_USDT
OKX TMF-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
- $105.62
- Price spread: +0.100% → 0.000%
- $10.01
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $90.63
- Costs to cover
- 0.250%
- Break-even
- 1.0 days
Slippage unknown: Gate: no order-book sample; OKX: live order book, 42 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, 42 min ago | 8.31 bp | 67.8 bp −$68 | 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.
TMF on 9 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 TMFUSDC | −0.0322% | 4h | 30.002 | +0.106% | $13K | $282K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 30.020 | +0.167% | $174K | $38K | 25x | as long as short |
| Gate TMF_USDTlong | 0.0000% | 8h | 29.970 | long leg | $52K | $6K | 20x | |
| Bitget TMFUSDT | 0.0000% | 8h | 30.051 | +0.270% | $199K | $50K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 30.020 | +0.167% | $9K | $256K | 10x | as long as short |
| OKX TMF-USDT-SWAPshort | +0.0503% | 8h | 30.000 | +0.100% | $148K | $130K | 20x | |
| Variational Omni TMF | +0.0737% | 8h | 30.045 | +0.250% | $27K | $2K | — | as long as short |
| MEXC TMF_USDT | +0.0803% | 8h | 29.930 | −0.133% | $652K | $88K | 20x | as long as short |
| Binance TMFUSDT | +0.0812% | 8h | 30.020 | +0.167% | $1.3M | $347K | 25x | as long as short |
edgeX TMFUSDC
Bybit TMFUSDT
Bitget TMFUSDT
HTX TMF-USDT
Variational Omni TMF
MEXC TMF_USDT
Binance TMFUSDT