Funding you earn now, next payment 02:00 UTC−5.6822%/8h= −6222.0% APRpaid last 24h −10.196%
Price spread now: OKX against Gate+15.507%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$3,817as in the Funding arb table
Net, price: spread back to 7d avg − costs+$846as in the Price arb table
costs, in and out, $10k−$7057.051% of the position
Funding, last 7 days−31.118%−$3,112 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 15.507% dearer against Gate than usual: you sell high and buy low (spread +15.507% now, against zero (this spread has no 7-day history yet)): +$1,551 on $10k if it goes back. Holding the pair costs −$1,705 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−31.118% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -31.118% in total (about -1622.6% a year). A funding rate is set anew for every payment. 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 ONE_USDT | 0.004554 | −0.1964 | get 0.1964% / 8h | 6h 48m | $1.9M | $16.3M | 20x |
| Short | OKX ONE-USDT-SWAP | 0.005260 | −5.8786 | pay 0.7348% / 1h | 48m 11s | $6.1M | $274.9M | 10x |
Gate ONE_USDT
OKX ONE-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
- −$11,932.6
- Price spread: +15.507% → 0.000%
- $1,550.72
- Slippage, 4 orders
- −$680.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$11,086.96
- Costs to cover
- 7.051%
- Break-even
- from the start
Slippage from Gate: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago | 1.11 bp | 339.5 bp −$339 | 1243.9 bp −$12.4K | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.27 bp | 50.4 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
ONE on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONE-USDT-SWAPshort | −5.8786% | 1h | 0.005260 | +15.507% | $6.1M | $274.9M | 10x | |
| Gate ONE_USDTlong | −0.1964% | 8h | 0.004554 | long leg | $1.9M | $16.3M | 20x | |
| BloFin ONE-USDT | −0.1496% | 1h | 0.004621 | +1.471% | $866K | $3.3M | 50x | as long as short |
| Aster ONEUSDT | −0.1444% | 1h | 0.004604 | +1.088% | $2.4M | $6.3M | 5x | as long as short |
| Bitget ONEUSDT | −0.1328% | 1h | 0.004606 | +1.133% | $2.0M | $35.6M | 20x | as long as short |
| MEXC ONE_USDT | −0.0536% | 1h | 0.004613 | +1.298% | $12.4M | $16.4M | 20x | as long as short |
| Binance ONEUSDT | −0.0488% | 1h | 0.004597 | +0.941% | $15.8M | $355.5M | 50x | as long as short |
| Variational Omni ONE | −0.0206% | 1h | 0.004610 | +1.229% | $112K | $55K | — | as long as short |
| BingX ONE-USDT | −0.0056% | 1h | 0.004604 | +1.105% | — | $6.5M | — | as long as short |
| KuCoin ONEUSDTM | +0.6376% | 1h | 0.004882 | +7.202% | $5.0M | $13.1M | 30x | as long as short |
BloFin ONE-USDT
Aster ONEUSDT
Bitget ONEUSDT
MEXC ONE_USDT
Binance ONEUSDT
Variational Omni ONE
BingX ONE-USDT
KuCoin ONEUSDTM