W

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.62 per $10,000 · paid last 24h +0.030%

Price spread now: Gate against OKX−0.085%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$727as in the Funding arb table

Net, price: spread back to 7d avg − costs−$738as in the Price arb table

costs, in and out, $10k−$7337.326% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.085%, 7d avg −0.032%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.032%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.055% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX W-USDT-SWAP	0.01171	−0.0024	get 0.0012% / 4h	2h 08m	$1.3M	$2.1M	20x
Short	Gate W_USDT	0.01170	0.0100	get 0.0050% / 4h	2h 08m	$444K	$301K	75x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: $26.06
Price spread: −0.085% → −0.032%: −$5.32
Slippage, 4 orders: −$707.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$711.89
Costs to cover: 7.326%
Break-even: 198.2 days

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 12 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, 3 min ago	2.99 bp	28.3 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	8.94 bp	397.7 bp −$398	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	−0.1199%	1h	0.01172	+0.068%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAPlong	−0.0024%	4h	0.01171	long leg	$1.3M	$2.1M	20x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+3.245%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01173	+0.171%	$2.0M	$450K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01172	+0.088%	$3.0M	$7.1M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01170	−0.102%	$4.1M	$2.0M	50x	as long as short
Gate W_USDTshort	+0.0100%	4h	0.01170	−0.085%	$444K	$301K	75x
MEXC W_USDT	+0.0100%	4h	0.01172	+0.051%	$12.8M	$1.8M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01171	0.000%	$415K	$217K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01174	+0.256%	$1.3M	$585K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01171	−0.026%	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01173	+0.162%	$44K	$47K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01169	−0.142%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01172	+0.078%	$122K	$409K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01172	+0.067%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0296%	1h	0.01178	+0.598%	$14K	$18K	50x	as long as short
Kraken Futures PF_WUSD	+0.0620%	1h	0.01174	+0.250%	$145K	$185K	20x	as long as short