Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.085%
Price spread now: OKX against Bitget+0.112%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 7 days+0.152%+$15 · spread now +0.112%, 7d avg +0.143%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.143%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PIUSDT | 0.08890 | 0.0100 | pay 0.0050% / 4h | 22m 02s | $4.9M | $2.4M | 50x |
| Short | OKX PI-USDT-SWAP | 0.08900 | 0.0100 | get 0.0050% / 4h | 22m 02s | $2.6M | $7.8M | 20x |
Bitget PIUSDT
OKX PI-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: +0.112% → +0.143%
- −$3.05
- Slippage, 4 orders
- −$52.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$77.7
- Costs to cover
- 0.746%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 5.61 bp | 25.5 bp −$25 | 63.2 bp −$632 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.12 bp | 13.5 bp −$13 | 67.0 bp −$670 | doesn't fit | doesn't fit |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | +2.250% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAPshort | +0.0100% | 4h | 0.08900 | +0.112% | $2.6M | $7.8M | 20x | |
| Gate PI_USDT | +0.0100% | 4h | 0.08910 | +0.225% | $2.6M | $2.6M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.08902 | +0.135% | $9.9M | $1.6M | 125x | as long as short |
| Bitget PIUSDTlong | +0.0100% | 4h | 0.08890 | long leg | $4.9M | $2.4M | 50x | |
| BingX PI-USDT | +0.0100% | 4h | 0.08903 | +0.146% | — | $6.6M | — | as long as short |
Injective PI/USDC PERP
Gate PI_USDT
MEXC PI_USDT
BingX PI-USDT