Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.019%
Price spread now: BingX against Gate−0.016%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$720.718% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days+0.094%+$9 · spread now −0.016%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.052% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OKB_USDT | 125.90 | 0.0100 | pay 0.0100% / 8h | 7h 07m | $1.5M | $658K | 25x |
| Short | BingX OKB-USDT | 125.88 | 0.0036 | get 0.0018% / 4h | 3h 07m | — | $2.8M | — |
Gate OKB_USDT
BingX OKB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$13.44
- Price spread: −0.016% → +0.036%
- −$5.23
- Slippage, 4 orders
- −$46.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$90.44
- Costs to cover
- 0.718%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; BingX: live order book, 12 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, 5 min ago | 6.38 bp | 22.6 bp −$23 | 157.5 bp −$1,575 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 1.98 bp | 11.5 bp −$11 | 21.1 bp −$211 | 171.8 bp −$17.2K | 846.4 bp −$423.2K |
OKB on 10 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 OKBUSDT | −0.6518% | 1h | 124.36 | −1.225% | $50K | $24K | 5x | as long as short |
| Injective OKB/USDC PERP | +0.0033% | 1h | 123.18 | −2.160% | $25 | $306K | 5.5x | as long as short |
| BingX OKB-USDTshort | +0.0036% | 4h | 125.88 | −0.016% | — | $2.8M | — | |
| Bybit OKBUSDT | +0.0100% | 4h | 125.95 | +0.040% | $2.7M | $954K | 25x | as long as short |
| OKX OKB-USDT-SWAP | +0.0100% | 4h | 125.85 | −0.040% | $31.0M | $45.2M | 20x | as long as short |
| Gate OKB_USDTlong | +0.0100% | 8h | 125.90 | long leg | $1.5M | $658K | 25x | |
| MEXC OKB_USDT | +0.0100% | 4h | 125.84 | −0.048% | $1.2M | $474K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 125.35 | −0.437% | $62K | $33K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 126.10 | +0.159% | $68K | $287K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0270% / S −0.0266% | 1h | 125.87 | −0.020% | $3K | — | 100x | as long as short |
Aster OKBUSDT
Injective OKB/USDC PERP
Bybit OKBUSDT
OKX OKB-USDT-SWAP
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]