TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1274%/8h= +139.5% APRnext payment +$6.37 per $10,000 · paid last 24h +0.205%

Price spread now: OKX against Gate+0.161%7-day average +0.331% · you sell dearer than you buy

Net, funding: paid 7d − costs−$709as in the Funding arb table

Net, price: spread back to 7d avg − costs−$721as in the Price arb table

costs, in and out, $10k−$7047.045% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.161%, 7d avg +0.331%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.170% cheaper against Gate than usual: you would sell low and buy high (spread +0.161% now, against its 7-day average of +0.331%). If the spread goes back, that is −$17 on $10k: about 11 hours of funding at the current rate (+$38 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.37 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 TRUTH_USDT	0.01367	0.0512	pay 0.0256% / 4h	2h 53m	$426K	$52K	20x
Short	OKX TRUTH-USDT-SWAP	0.01369	0.1786	get 0.0893% / 4h	2h 53m	$226K	$331K	10x

Funding 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 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 GatebpFee OKXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $267.46
Price spread: +0.161% → +0.331%: −$16.99
Slippage, 4 orders: −$679.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$454.02
Costs to cover: 7.045%
Break-even: 18.9 days

Slippage from Gate: live order book, 57 min ago; OKX: live order book, 57 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, 57 min ago	12.16 bp	267.7 bp −$268	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 57 min ago	8.82 bp	51.4 bp −$51	459.0 bp −$4,590	doesn't fit	doesn't fit

TRUTH 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
Bybit TRUTHUSDT	+0.0100%	4h	0.01370	+0.205%	$1.3M	$429K	20x	as long as short
KuCoin TRUTHUSDTM	+0.0480%	4h	0.01366	−0.066%	$1.0M	$50K	10x	as long as short
Aster TRUTHUSDT	+0.0489%	4h	0.01367	+0.007%	$36K	$6K	5x	as long as short
Gate TRUTH_USDTlong	+0.0512%	4h	0.01367	long leg	$426K	$52K	20x
BloFin TRUTH-USDT	+0.0911%	4h	0.01371	+0.300%	$199K	$12K	50x	as long as short
Extended TRUTH-USD	+0.0936%	1h	0.01365	−0.121%	$2K	$265K	5x	as long as short
MEXC TRUTH_USDT	+0.0938%	4h	0.01367	−0.007%	$11.9M	$132K	20x	as long as short
Binance TRUTHUSDT	+0.0938%	4h	0.01367	−0.001%	$4.4M	$1.5M	20x	as long as short
BingX TRUTH-USDT	+0.1676%	4h	0.01369	+0.176%	—	$6.5M	—	as long as short
OKX TRUTH-USDT-SWAPshort	+0.1786%	4h	0.01369	+0.161%	$226K	$331K	10x