Funding you earn now, next payment 00:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.78 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against OKX−0.058%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now −0.058%, 7d avg −0.056%
=The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USDC-USDT-SWAP | 1.0000 | 0 | get 0.0000% / 8h | 1h 32m | $1.1M | $45K | 50x |
| Short | Bitget USDCUSDT | 0.9994 | −0.0078 | pay 0.0078% / 8h | 1h 32m | $4.3M | $17K | 50x |
OKX USDC-USDT-SWAP
Bitget USDCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$16.38
- Price spread: −0.058% → −0.056%
- −$0.17
- Slippage, 4 orders
- −$3.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$42.5
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bitget: 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 OKX live order book, 4 min ago | 0.00 bp | 5.7 bp −$6 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.00 bp | 7.8 bp −$8 | 8.5 bp −$85 | 21.1 bp −$2,111 | doesn't fit |
USDC on 8 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 USDCUSDT | −0.0103% | 8h | 0.9994 | −0.054% | $4.3M | $3.7M | 50x | as long as short |
| MEXC USDC_USDT | −0.0102% | 8h | 0.9994 | −0.053% | $16.6M | $266K | 200x | as long as short |
| Bitget USDCUSDTshort | −0.0078% | 8h | 0.9994 | −0.058% | $4.3M | $17K | 50x | |
| Kraken Futures PF_USDCUSD | −0.0045% | 1h | 0.9997 | −0.023% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0007% | 8h | 0.9994 | −0.058% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.012% | $9.5M | $336K | 50x | as long as short |
| OKX USDC-USDT-SWAPlong | 0.0000% | 8h | 1.0000 | long leg | $1.1M | $45K | 50x | |
| Gate USDC_USDT | +0.0100% | 8h | 0.9996 | −0.038% | $253K | $19K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Bybit USDCUSDT
Gate USDC_USDT