Funding you earn now, next payment 08:00 UTC−0.0138%/8h= −15.1% APRnext payment −$1.38 per $10,000 · paid last 24h +0.052%
Price spread now: Gate against OKX−0.030%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 7 days+0.068%+$7 · spread now −0.030%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.045% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 197.68 | 0 | get 0.0000% / 8h | 5h 51m | $3.1M | $4.6M | 20x |
| Short | Gate COIN_USDT | 197.62 | −0.0138 | pay 0.0138% / 8h | 5h 51m | $1.2M | $7.0M | 50x |
OKX COIN-USDT-SWAP
Gate COIN_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
- −$28.98
- Price spread: −0.030% → +0.015%
- −$4.5
- Slippage, 4 orders
- −$27.68
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$86.16
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Gate: 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 | 2.02 bp | 12.6 bp −$13 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.79 bp | 12.3 bp −$12 | 45.3 bp −$453 | doesn't fit | doesn't fit |
COIN on 25 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 COINUSDT | −0.0725% | 8h | 197.78 | +0.051% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.69 | −0.501% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTshort | −0.0138% | 8h | 197.62 | −0.030% | $1.2M | $7.0M | 50x | |
| Vest COIN-USD-PERP | −0.0088% | 1h | 197.13 | −0.278% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.79 | +0.056% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.58 | −0.052% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.66 | −0.010% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.66 | −0.010% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 197.68 | long leg | $3.1M | $4.6M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 197.59 | −0.047% | $817K | $905K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.39 | −0.146% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.62 | −0.030% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.60 | −0.038% | $368K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.58 | −0.051% | $450K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.51 | −0.086% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.51 | −0.086% | $15.7M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.44 | −0.121% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.53 | −0.076% | $91 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.38 | −0.152% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.59 | −0.046% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.36 | −0.162% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.56 | −0.061% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.57 | −0.056% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.32 | −0.182% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0312% | 4h | 197.38 | −0.150% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus 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
Phoenix COIN
edgeX COINUSDC