Funding you earn now, next payment 16:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.010%
Price spread now: OKX against Gate+0.273%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1541.543% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)−0.671%−$67 · spread now +0.273%, 7d avg +0.141%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.132% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.141%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CORE_USDT | 0.02198 | 0.0069 | pay 0.0069% / 8h | 7h 11m | $156K | $161K | 25x |
| Short | OKX CORE-USDT-SWAP | 0.02204 | 0.0100 | get 0.0100% / 8h | 7h 11m | $1.7M | $4.3M | 20x |
Gate CORE_USDT
OKX CORE-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
- $6.51
- Price spread: +0.273% → +0.141%
- $13.23
- Slippage, 4 orders
- −$129.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$134.55
- Costs to cover
- 1.543%
- Break-even
- 151.7 days
Slippage from Gate: live order book, 14 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, 14 min ago | 11.51 bp | 55.1 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 4.55 bp | 31.6 bp −$32 | 206.2 bp −$2,062 | doesn't fit | doesn't fit |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CORE | −0.0353% | 8h | 0.02189 | −0.424% | $8K | $1K | — | as long as short |
| Bybit COREUSDT | −0.0277% | 8h | 0.02199 | +0.045% | $1.4M | $986K | 20x | as long as short |
| Gate CORE_USDTlong | +0.0069% | 8h | 0.02198 | long leg | $156K | $161K | 25x | |
| OKX CORE-USDT-SWAPshort | +0.0100% | 8h | 0.02204 | +0.273% | $1.7M | $4.3M | 20x | |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02203 | +0.227% | $829K | $212K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02204 | +0.273% | — | $1.3M | — | as long as short |
Variational Omni CORE
Bybit COREUSDT
MEXC CORE_USDT
BingX CORE-USDT