Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.03 per $10,000 · paid last 24h +0.022%
Price spread now: Gate against OKX−0.085%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.085%, 7d avg −0.067%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USDC-USDT-SWAP | 1.0001 | 0 | get 0.0000% / 8h | 5h 10m | $1.1M | $43K | 50x |
| Short | Gate USDC_USDT | 0.9992 | −0.0003 | pay 0.0003% / 8h | 5h 10m | $253K | $39K | 50x |
OKX USDC-USDT-SWAP
Gate USDC_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
- −$0.63
- Price spread: −0.085% → −0.067%
- −$1.79
- Slippage, 4 orders
- −$15.41
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$42.83
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 46 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, 1 min ago | 0.31 bp | 8.9 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Gate live order book, 46 min ago | 3.50 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
USDC on 8 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 USDCUSDT | −0.0156% | 8h | 0.9996 | −0.048% | $4.6M | $4.5M | 50x | as long as short |
| MEXC USDC_USDT | −0.0155% | 8h | 0.9996 | −0.048% | $20.8M | $744K | 200x | as long as short |
| Bitget USDCUSDT | −0.0148% | 8h | 0.9995 | −0.055% | $4.3M | $16K | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0121% | 8h | 0.9990 | −0.100% | $2.5M | $20K | 30x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0097% | 1h | 0.9998 | −0.030% | $14K | $924 | 50x | as long as short |
| Gate USDC_USDTshort | −0.0003% | 8h | 0.9992 | −0.085% | $253K | $39K | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.005% | $9.5M | $351K | 50x | as long as short |
| OKX USDC-USDT-SWAPlong | 0.0000% | 8h | 1.0001 | long leg | $1.1M | $43K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSD
Bybit USDCUSDT