BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0611%/8h= −66.9% APRnext payment −$6.11 per $10,000 · paid last 24h −0.203%

Price spread now: OKX against Bitget−0.068%7-day average −0.328% · you buy dearer than you sell

Net, funding: paid 7d − costs−$364as in the Funding arb table

Net, price: spread back to 7d avg − costs−$379as in the Price arb table

costs, in and out, $10k−$4054.048% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.412%+$41 on $10k

Price spread, last 4 days (all we have)−1.065%−$107 · spread now −0.068%, 7d avg −0.328%

Together, before fees−0.653%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.260% dearer against Bitget than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.328%): +$26 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.412%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.412% in total (about 21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.11 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	Bitget BOTUSDT	29.520	0	get 0.0000% / 8h	4h 16m	$247K	$119K	5x
Short	OKX BOT-USDT-SWAP	29.500	−0.0611	pay 0.0611% / 8h	4h 16m	$235K	$222K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$128.3
Price spread: −0.068% → −0.328%: $26.02
Slippage, 4 orders: −$382.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$507.05
Costs to cover: 4.048%
Break-even: never at this rate

Slippage from Bitget: live order book, 33 min ago; OKX: live order book, 38 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 Bitget live order book, 33 min ago	22.03 bp	92.6 bp −$93	103.7 bp −$1,037	doesn't fit	doesn't fit
Sell OKX live order book, 38 min ago	8.46 bp	89.0 bp −$89	doesn't fit	doesn't fit	doesn't fit

BOT on 12 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
KuCoin BOTUSDTM	−0.1127%	8h	29.460	−0.203%	$95K	$280K	20x	as long as short
Binance BOTUSDT	−0.0829%	8h	29.522	+0.006%	$450K	$1.2M	10x	as long as short
Variational Omni BOT	−0.0783%	8h	29.425	−0.323%	$31K	$21K	—	as long as short
OKX BOT-USDT-SWAPshort	−0.0611%	8h	29.500	−0.068%	$235K	$222K	20x
QFEX BOT-USD	−0.0024%	1h	29.460	−0.203%	$1.2M	$528K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.480	−0.136%	$511K	$556K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.500	−0.068%	$255K	$238K	20x	as long as short
Bitget BOTUSDTlong	0.0000%	8h	29.520	long leg	$247K	$119K	5x
Lighter BOT	+0.0032%	1h	29.604	+0.285%	$68K	$1K	3x	as long as short
Arcus BOT-USD	+0.0040%	1h	29.420	−0.339%	$3K	$9K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BOT	+0.0050%	1h	29.467	−0.180%	$3.1M	$803K	10x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.498	−0.075%	$3K	$34K	10x	as long as short