Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget+0.167%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1991.992% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.167%, 7d avg +0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.132% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget INITUSDT | 0.08373 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $436K | $202K | 25x |
| Short | OKX INIT-USDT-SWAP | 0.08387 | 0.0100 | get 0.0050% / 4h | 3h 58m | $140K | $448K | 10x |
Bitget INITUSDT
OKX INIT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $0
- Price spread: +0.167% → +0.035%
- $13.25
- Slippage, 4 orders
- −$177.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$185.97
- Costs to cover
- 1.992%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 32 min ago; OKX: live order book, 37 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 Bitget live order book, 32 min ago | 7.76 bp | 42.9 bp −$43 | 230.3 bp −$2,303 | doesn't fit | doesn't fit |
| Sell OKX live order book, 37 min ago | 6.57 bp | 52.1 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.0127% | 1h | 0.08377 | +0.042% | $5K | $13K | 10x | as long as short |
| BloFin INIT-USDT | +0.0086% | 4h | 0.08383 | +0.119% | $152K | $40K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08383 | +0.119% | $312K | $139K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08380 | +0.084% | $28K | $8K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08386 | +0.155% | $3.5M | $2.5M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08371 | −0.024% | $1.4M | $1.1M | 25x | as long as short |
| OKX INIT-USDT-SWAPshort | +0.0100% | 4h | 0.08387 | +0.167% | $140K | $448K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08369 | −0.048% | $82K | $14K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08386 | +0.155% | $445K | $139K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08380 | +0.084% | $326K | $39K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDTlong | +0.0100% | 4h | 0.08373 | long leg | $436K | $202K | 25x | |
| BingX INIT-USDT | +0.0100% | 4h | 0.08381 | +0.096% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08371 | −0.019% | $27K | $10K | — | as long as short |
BingX INIT-USDT
Variational Omni INIT