Funding you earn now, next payment 08:00 UTC−0.0533%/8h= −58.4% APRnext payment −$5.33 per $10,000 · paid last 24h −0.006%
Price spread now: Bitget against OKX−0.067%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$860.855% of the position
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now −0.067%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.050% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.287% in total (about -15.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.33 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 | OKX AMAT-USDT-SWAP | 460.91 | 0 | get 0.0000% / 8h | 1h 18m | $1.4M | $1.6M | 20x |
| Short | Bitget AMATUSDT | 460.60 | −0.0533 | pay 0.0533% / 8h | 1h 18m | $1.9M | $1.8M | 20x |
OKX AMAT-USDT-SWAP
Bitget AMATUSDTFunding 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
- −$111.93
- Price spread: −0.067% → −0.017%
- −$5
- Slippage, 4 orders
- −$63.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$202.48
- Costs to cover
- 0.855%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 4 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 | 3.91 bp | 35.4 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.13 bp | 21.7 bp −$22 | 132.7 bp −$1,327 | doesn't fit | doesn't fit |
AMAT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AMATUSDTshort | −0.0533% | 8h | 460.60 | −0.067% | $1.9M | $1.8M | 20x | |
| BloFin AMAT-USDT | −0.0025% | 8h | 459.71 | −0.260% | $108K | $116K | 20x | as long as short |
| Aster AMATUSDT | 0.0000% | 8h | 459.90 | −0.218% | $10K | $10K | 20x | as long as short |
| Extended AMAT-USD | 0.0000% | 1h | 460.17 | −0.161% | $5K | $27K | 10x | as long as short |
| Binance AMATUSDT | 0.0000% | 8h | 460.35 | −0.122% | $8.4M | $14.1M | 20x | as long as short |
| Bybit AMATUSDT | 0.0000% | 8h | 460.08 | −0.180% | $840K | $693K | 25x | as long as short |
| OKX AMAT-USDT-SWAPlong | 0.0000% | 8h | 460.91 | long leg | $1.4M | $1.6M | 20x | |
| Gate AMAT_USDT | 0.0000% | 8h | 460.50 | −0.089% | $1.5M | $6.1M | 50x | as long as short |
| Variational Omni AMAT | 0.0000% | 8h | 459.72 | −0.257% | $64K | $44K | — | as long as short |
| GRVT AMAT_USDT_Perp | 0.0000% | 8h | 459.36 | −0.337% | $400 | $113K | 10x | as long as short |
BloFin AMAT-USDT
Aster AMATUSDT
Extended AMAT-USD
Binance AMATUSDT
Bybit AMATUSDT
Gate AMAT_USDT
Variational Omni AMAT
GRVT AMAT_USDT_PerpShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest AMAT-USD-PERP | +0.0046% | 1h | 460.46 | −0.098% | — | — | 10x | as long as short |
| tradeXYZ xyz:AMAT | +0.0050% | 1h | 460.22 | −0.150% | $2.5M | $2.3M | 10x | as long as short |
| KuCoin AMATUSDTM | +0.0100% | 8h | 459.31 | −0.347% | $398K | $533K | 20x | as long as short |
| SunX AMAT-USDT | +0.0100% | 8h | 459.77 | −0.247% | $1K | $385K | 10x | as long as short |
| HTX AMAT-USDT | +0.0100% | 8h | 461.11 | +0.043% | $168K | $39K | 20x | as long as short |
| Phoenix AMAT | +0.0277% | 1h | 460.02 | −0.193% | $18K | $114K | 10x | as long as short |
Vest AMAT-USD-PERP
tradeXYZ xyz:AMAT
KuCoin AMATUSDTM
SunX AMAT-USDT
HTX AMAT-USDT
Phoenix AMAT