Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.0% APRnext payment −$1.56 per $10,000 · paid last 24h −0.077%
Price spread now: Bitget against OKX−0.051%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$238as in the Price arb table
costs, in and out, $10k−$2292.292% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.051%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.093% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX VRT-USDT-SWAP | 253.77 | 0.0156 | pay 0.0156% / 8h | 7h 15m | $255K | $148K | 20x |
| Short | Bitget VRTUSDT | 253.64 | 0 | get 0.0000% / 8h | 7h 15m | $478K | $159K | 20x |
OKX VRT-USDT-SWAP
Bitget VRTUSDTFunding 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
- −$32.67
- Price spread: −0.051% → +0.042%
- −$9.32
- Slippage, 4 orders
- −$207.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$271.15
- Costs to cover
- 2.292%
- Break-even
- never at this rate
Slippage from OKX: live order book, 55 min ago; Bitget: live order book, 50 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, 55 min ago | 8.31 bp | 99.2 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 50 min ago | 5.34 bp | 52.2 bp −$52 | 70.4 bp −$704 | doesn't fit | doesn't fit |
VRT 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VRT_USDT | 0.0000% | 8h | 253.80 | +0.012% | $140K | $18K | 20x | as long as short |
| Bitget VRTUSDTshort | 0.0000% | 8h | 253.64 | −0.051% | $478K | $159K | 20x | |
| SunX VRT-USDT | 0.0000% | 8h | 253.32 | −0.177% | $922 | $520K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 253.91 | +0.055% | $9K | $42K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −1.714% | $9K | $50 | 12x | as long as short |
| OKX VRT-USDT-SWAPlong | +0.0156% | 8h | 253.77 | long leg | $255K | $148K | 20x | |
| Bybit VRTUSDT | +0.0231% | 8h | 253.81 | +0.016% | $452K | $118K | 25x | as long as short |
| KuCoin VRTUSDTM | +0.0278% | 8h | 253.36 | −0.162% | $107K | $30K | 20x | as long as short |
| Binance VRTUSDT | +0.0455% | 8h | 253.57 | −0.079% | $1.1M | $1.0M | 25x | as long as short |
Gate VRT_USDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
Bybit VRTUSDT
KuCoin VRTUSDTM
Binance VRTUSDT