Funding you earn now, next payment 08:00 UTC−0.0711%/8h= −77.9% APRnext payment −$7.11 per $10,000 · paid last 24h −0.012%
Price spread now: Bitget against OKX+0.036%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 7 days−0.025%−$2 · spread now +0.036%, 7d avg +0.010%
=The price spread pays, funding is against you. Bitget is 0.026% dearer against OKX than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of +0.010%): +$3 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.048% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.11 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 COIN-USDT-SWAP | 195.71 | 0 | get 0.0000% / 8h | 1h 26m | $3.0M | $4.7M | 20x |
| Short | Bitget COINUSDT | 195.78 | −0.0711 | pay 0.0711% / 8h | 1h 26m | $6.3M | $10.6M | 20x |
OKX COIN-USDT-SWAP
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$149.31
- Price spread: +0.036% → +0.010%
- $2.61
- Slippage, 4 orders
- −$22.9
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$191.6
- Costs to cover
- 0.449%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bitget: 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 OKX live order book, 1 min ago | 1.53 bp | 9.5 bp −$10 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.04 bp | 11.5 bp −$11 | 19.2 bp −$192 | 103.1 bp −$10.3K | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTshort | −0.0711% | 8h | 195.78 | +0.036% | $6.3M | $10.6M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.46 | −0.128% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0103% | 1h | 194.95 | −0.388% | — | $298K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.58 | −0.066% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.68 | −0.016% | $116K | $790K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.74 | +0.013% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.68 | −0.015% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 195.71 | long leg | $3.0M | $4.7M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 195.69 | −0.010% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.44 | −0.138% | $709K | $940K | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.49 | −0.113% | $17K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.65 | −0.031% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.63 | −0.041% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.85 | +0.072% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.55 | −0.082% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.54 | −0.087% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.66 | −0.026% | $77 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.49 | −0.112% | $444K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.56 | −0.077% | $986K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.45 | −0.133% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.66 | −0.026% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.65 | −0.028% | $115 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 195.66 | −0.027% | $364K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.72 | +0.005% | $187K | $424K | 20x | as long as short |
| edgeX COINUSDC | +0.0138% | 4h | 195.54 | −0.086% | $50K | $296K | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.47 | −0.123% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC
Phoenix COIN