Funding you earn now, next payment 08:00 UTC−0.0681%/8h= −74.6% APRnext payment −$6.81 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX+0.013%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2862.858% of the position
Funding, last 7 days−0.339%−$34 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.013%, 7d avg −0.030%
=The price spread pays, funding is against you. Bitget is 0.043% dearer against OKX than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.030%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.339% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.339% in total (about -17.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.81 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 | OKX TMF-USDT-SWAP | 29.810 | 0.0648 | pay 0.0648% / 8h | 41m 15s | $149K | $138K | 20x |
| Short | Bitget TMFUSDT | 29.814 | −0.0033 | pay 0.0033% / 8h | 41m 15s | $164K | $90K | 20x |
OKX TMF-USDT-SWAP
Bitget TMFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$143.11
- Price spread: +0.013% → −0.030%
- $4.3
- Slippage, 4 orders
- −$263.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$424.61
- Costs to cover
- 2.858%
- Break-even
- never at this rate
Slippage from OKX: live order book, 59 min ago; Bitget: live order book, 53 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 OKX live order book, 59 min ago | 8.40 bp | 135.4 bp −$135 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 53 min ago | 11.26 bp | 59.8 bp −$60 | 74.0 bp −$740 | doesn't fit | doesn't fit |
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 | −0.0417% | 4h | 29.839 | +0.097% | $13K | $285K | 10x | as long as short |
| Bitget TMFUSDTshort | −0.0033% | 8h | 29.814 | +0.013% | $164K | $90K | 20x | |
| Bybit TMFUSDT | 0.0000% | 8h | 29.810 | 0.000% | $162K | $55K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.790 | −0.067% | $51K | $7K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 29.840 | +0.101% | $9K | $253K | 10x | as long as short |
| OKX TMF-USDT-SWAPlong | +0.0648% | 8h | 29.810 | long leg | $149K | $138K | 20x | |
| Variational Omni TMF | +0.0953% | 8h | 29.804 | −0.020% | $29K | $6K | — | as long as short |
| Binance TMFUSDT | +0.0994% | 8h | 29.840 | +0.101% | $1.2M | $523K | 25x | as long as short |
| MEXC TMF_USDT | +0.1004% | 8h | 29.820 | +0.034% | $633K | $90K | 20x | as long as short |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
HTX TMF-USDT
Variational Omni TMF
Binance TMFUSDT
MEXC TMF_USDT