Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h +0.018%
Price spread now: OKX against Gate+0.153%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$396as in the Funding arb table
Net, price: spread back to 7d avg − costs−$381as in the Price arb table
costs, in and out, $10k−$3893.887% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.153%, 7d avg +0.080%
=The price spread pays, funding is against you. OKX is 0.073% dearer against Gate than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.080%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.078% in total) that is about 6.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ACT_USDT | 0.01110 | 0.0380 | pay 0.0190% / 4h | 2h 21m | $143K | $77K | 25x |
| Short | OKX ACT-USDT-SWAP | 0.01112 | 0.0366 | get 0.0183% / 4h | 2h 21m | $802K | $1.5M | 10x |
Gate ACT_USDT
OKX ACT-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
- −$3.02
- Price spread: +0.153% → +0.080%
- $7.32
- Slippage, 4 orders
- −$363.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$384.35
- Costs to cover
- 3.887%
- Break-even
- never at this rate
Slippage from Gate: live order book, 39 min ago; OKX: live order book, 5 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, 39 min ago | 4.53 bp | 116.9 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.90 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
ACT on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ACTUSDT | +0.0100% | 4h | 0.01110 | +0.012% | $2.1M | $2.3M | 10x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01110 | −0.036% | $6.5M | $111K | 20x | as long as short |
| Bitget ACTUSDT | +0.0100% | 4h | 0.01111 | +0.090% | $268K | $87K | 10x | as long as short |
| Bybit ACTUSDT | +0.0163% | 4h | 0.01111 | +0.108% | $598K | $413K | 25x | as long as short |
| BingX ACT-USDT | +0.0364% | 4h | 0.01111 | +0.108% | — | $1.3M | — | as long as short |
| OKX ACT-USDT-SWAPshort | +0.0366% | 4h | 0.01112 | +0.153% | $802K | $1.5M | 10x | |
| Gate ACT_USDTlong | +0.0380% | 4h | 0.01110 | long leg | $143K | $77K | 25x |
Binance ACTUSDT
MEXC ACT_USDT
Bitget ACTUSDT
Bybit ACTUSDT
BingX ACT-USDT