Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against Bitget−0.178%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1071.067% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days+0.143%+$14 · spread now −0.178%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.184% cheaper against Bitget than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WUSDT | 0.01182 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $1.3M | $554K | 50x |
| Short | OKX W-USDT-SWAP | 0.01180 | 0.0100 | get 0.0050% / 4h | 1h 05m | $1.3M | $1.5M | 20x |
Bitget WUSDT
OKX W-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: −0.178% → +0.006%
- −$18.42
- Slippage, 4 orders
- −$84.75
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$125.16
- Costs to cover
- 1.067%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 2 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 | 4.23 bp | 27.6 bp −$28 | 156.8 bp −$1,568 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.54 bp | 31.2 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0004% | 1h | 0.01181 | −0.102% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.284% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01181 | −0.085% | $2.0M | $284K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01181 | −0.110% | $3.0M | $5.3M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01179 | −0.254% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAPshort | +0.0100% | 4h | 0.01180 | −0.178% | $1.3M | $1.5M | 20x | |
| Gate W_USDT | +0.0100% | 4h | 0.01178 | −0.313% | $428K | $236K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01181 | −0.118% | $12.4M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01180 | −0.169% | $388K | $192K | 50x | as long as short |
| Bitget WUSDTlong | +0.0100% | 4h | 0.01182 | long leg | $1.3M | $554K | 50x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01181 | −0.118% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01179 | −0.254% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01181 | −0.077% | $125K | $383K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01180 | −0.139% | $60K | $146K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0304% | 1h | 0.01196 | +1.193% | $14K | $13K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0699% | 1h | 0.01182 | +0.008% | $44K | $41K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1556% | 1h | 0.01183 | +0.095% | $147K | $145K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD