COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: Gate against OKX−0.052%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.052%, 7d avg −0.022%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	901.44	0.0006	pay 0.0006% / 8h	3h 15m	$441K	$116K	10x
Short	Gate COST_USDT	900.97	0	get 0.0000% / 8h	3h 15m	$522K	$8K	25x

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 −0.052%Rate

Funding earned: −$1.23
Price spread: −0.052% → −0.022%: −$2.97
Slippage, 4 orders: −$53.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.19
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from OKX: live order book, 36 min ago; Gate: live order book, 36 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, 36 min ago	3.67 bp	32.9 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	6.17 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	901.10	−0.038%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.07	−0.041%	$1.1M	$952K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.29	−0.017%	$491K	$220K	25x	as long as short
Gate COST_USDTshort	0.0000%	8h	900.97	−0.052%	$522K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	901.18	−0.029%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	900.81	−0.070%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.70	−0.193%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.79	+0.150%	$10K	$42K	10x	as long as short
OKX COST-USDT-SWAPlong	+0.0006%	8h	901.44	long leg	$441K	$116K	10x
QFEX COST-USD	+0.0009%	1h	900.73	−0.079%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.049%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.354%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	900.66	−0.087%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.82	−0.069%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.40	−0.115%	$48K	$892K	20x	as long as short