Funding you earn now, next payment 08:00 UTC−0.0341%/8h= −37.4% APRnext payment −$1.71 per $10,000 · paid last 24h +0.021%
Price spread now: OKX against Gate+0.171%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$373as in the Funding arb table
Net, price: spread back to 7d avg − costs−$358as in the Price arb table
costs, in and out, $10k−$3673.672% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.171%, 7d avg +0.082%
=The price spread pays, funding is against you. OKX is 0.089% dearer against Gate than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.082%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.056% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.71 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 | Gate ACT_USDT | 0.01113 | 0.0684 | pay 0.0342% / 4h | 3h 01m | $160K | $94K | 25x |
| Short | OKX ACT-USDT-SWAP | 0.01115 | 0.0343 | get 0.0171% / 4h | 3h 01m | $803K | $1.5M | 10x |
Gate ACT_USDT
OKX ACT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$71.69
- Price spread: +0.171% → +0.082%
- $8.86
- Slippage, 4 orders
- −$342.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$430.07
- Costs to cover
- 3.672%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; OKX: live order book, 1 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 Gate live order book, 45 min ago | 9.00 bp | 107.9 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.35 bp | 48.3 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
ACT on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ACTUSDT | +0.0100% | 4h | 0.01114 | +0.069% | $2.1M | $2.3M | 10x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01112 | −0.054% | $6.5M | $116K | 20x | as long as short |
| Bitget ACTUSDT | +0.0100% | 4h | 0.01114 | +0.090% | $268K | $85K | 10x | as long as short |
| OKX ACT-USDT-SWAPshort | +0.0343% | 4h | 0.01115 | +0.171% | $803K | $1.5M | 10x | |
| Gate ACT_USDTlong | +0.0684% | 4h | 0.01113 | long leg | $160K | $94K | 25x | |
| Bybit ACTUSDT | +0.0834% | 4h | 0.01115 | +0.207% | $642K | $451K | 25x | as long as short |
| BingX ACT-USDT | +0.0986% | 4h | 0.01115 | +0.135% | — | $1.3M | — | as long as short |
Binance ACTUSDT
MEXC ACT_USDT
Bitget ACTUSDT
Bybit ACTUSDT
BingX ACT-USDT