Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against Gate+0.107%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$3083.079% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.617%−$62 · spread now +0.107%, 7d avg −0.026%
=The price spread pays, funding is against you. OKX is 0.133% dearer against Gate than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.026%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ATH_USDT | 0.005596 | 0.0100 | pay 0.0050% / 4h | 2h 10m | $801K | $531K | 30x |
| Short | OKX ATH-USDT-SWAP | 0.005602 | 0.0081 | get 0.0041% / 4h | 2h 10m | $716K | $1.3M | 20x |
Gate ATH_USDT
OKX ATH-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
- −$3.9
- Price spread: +0.107% → −0.026%
- $13.31
- Slippage, 4 orders
- −$282.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$298.48
- Costs to cover
- 3.079%
- Break-even
- never at this rate
Slippage from Gate: live order book, 11 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, 11 min ago | 8.02 bp | 96.4 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 6.26 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
ATH on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ATHUSD | −0.3504% | 1h | 0.005590 | −0.111% | $20K | $107K | 10x | as long as short |
| Variational Omni ATH | −0.0084% | 4h | 0.005591 | −0.083% | $188K | $93K | — | as long as short |
| dYdX ATH-USD | −0.0006% | 1h | 0.005619 | +0.411% | $11K | $16 | 5x | as long as short |
| OKX ATH-USDT-SWAPshort | +0.0081% | 4h | 0.005602 | +0.107% | $716K | $1.3M | 20x | |
| BloFin ATH-USDT | +0.0091% | 4h | 0.005598 | +0.036% | $174K | $62K | 75x | as long as short |
| Aster ATHUSDT | +0.0100% | 4h | 0.005605 | +0.158% | $7K | $34K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005611 | +0.269% | $3.4M | $3.9M | 50x | as long as short |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005600 | +0.071% | $4.5M | $2.3M | 25x | as long as short |
| Gate ATH_USDTlong | +0.0100% | 4h | 0.005596 | long leg | $801K | $531K | 30x | |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005610 | +0.250% | $8.9M | $666K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
BloFin ATH-USDT
Aster ATHUSDT
Binance ATHUSDT
Bybit ATHUSDT
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005599 | +0.054% | $562K | $84K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005612 | +0.286% | $1.6M | $804K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005604 | +0.143% | — | $21.7M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT