Funding you earn now, next payment 12:00 UTC−0.1119%/8h= −122.5% APRnext payment −$5.59 per $10,000 · paid last 24h −0.249%
Price spread now: Gate against OKX−0.286%7-day average −0.331% · you buy dearer than you sell
Net, funding: paid 7d − costs−$540as in the Funding arb table
Net, price: spread back to 7d avg − costs−$532as in the Price arb table
costs, in and out, $10k−$5375.367% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.286%, 7d avg −0.331%
=The price spread pays, funding is against you. Gate is 0.045% dearer against OKX than usual: you sell high and buy low (spread −0.286% now, against its 7-day average of −0.331%): +$4 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.029% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.59 per $10,000. 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 | OKX TRUTH-USDT-SWAP | 0.01364 | 0.2351 | pay 0.1175% / 4h | 3h 46m | $236K | $360K | 10x |
| Short | Gate TRUTH_USDT | 0.01360 | 0.1232 | get 0.0616% / 4h | 3h 46m | $423K | $50K | 20x |
OKX TRUTH-USDT-SWAP
Gate TRUTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$234.94
- Price spread: −0.286% → −0.331%
- $4.46
- Slippage, 4 orders
- −$511.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$767.22
- Costs to cover
- 5.367%
- Break-even
- never at this rate
Slippage from OKX: live order book, 49 min ago; Gate: live order book, 49 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, 49 min ago | 5.47 bp | 56.1 bp −$56 | 1054.9 bp −$10.5K | doesn't fit | doesn't fit |
| Sell Gate live order book, 49 min ago | 15.01 bp | 153.2 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
TRUTH 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TRUTHUSDTM | +0.0100% | 4h | 0.01361 | −0.242% | $1.0M | $53K | 10x | as long as short |
| Aster TRUTHUSDT | +0.0523% | 4h | 0.01363 | −0.081% | $36K | $6K | 5x | as long as short |
| Bybit TRUTHUSDT | +0.0597% | 4h | 0.01364 | +0.044% | $1.3M | $413K | 20x | as long as short |
| BloFin TRUTH-USDT | +0.0726% | 4h | 0.01362 | −0.117% | $199K | $12K | 50x | as long as short |
| Extended TRUTH-USD | +0.0744% | 1h | 0.01361 | −0.240% | $2K | $212K | 5x | as long as short |
| MEXC TRUTH_USDT | +0.0744% | 4h | 0.01362 | −0.154% | $11.9M | $134K | 20x | as long as short |
| Binance TRUTHUSDT | +0.0745% | 4h | 0.01362 | −0.161% | $4.5M | $1.7M | 20x | as long as short |
| Gate TRUTH_USDTshort | +0.1232% | 4h | 0.01360 | −0.286% | $423K | $50K | 20x | |
| BingX TRUTH-USDT | +0.2236% | 4h | 0.01363 | −0.059% | — | $6.5M | — | as long as short |
| OKX TRUTH-USDT-SWAPlong | +0.2351% | 4h | 0.01364 | long leg | $236K | $360K | 10x |
KuCoin TRUTHUSDTM
Aster TRUTHUSDT
Bybit TRUTHUSDT
BloFin TRUTH-USDT
Extended TRUTH-USD
MEXC TRUTH_USDT
Binance TRUTHUSDT
BingX TRUTH-USDT