BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.2474%/8h= +270.9% APRnext payment +$24.74 per $10,000 · paid last 24h +0.294%

Price spread now: Bitget against OKX+0.138%7-day average +0.320% · you sell dearer than you buy

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$316as in the Price arb table

costs, in and out, $10k−$2972.974% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+1.701%+$170 · spread now +0.138%, 7d avg +0.320%

Together, before fees+1.680%+$168 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.183% cheaper against OKX than usual: you would sell low and buy high (spread +0.138% now, against its 7-day average of +0.320%). If the spread goes back, that is −$18 on $10k: about 6 hours of funding at the current rate (+$74 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$24.74 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 BOT-USDT-SWAP	29.080	−0.2524	get 0.2524% / 8h	7h 25m	$231K	$236K	20x
Short	Bitget BOTUSDT	29.120	−0.0050	pay 0.0050% / 8h	7h 25m	$242K	$129K	5x

Funding 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 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.138%Rate

Funding earned: $519.55
Price spread: +0.138% → +0.320%: −$18.29
Slippage, 4 orders: −$275.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $203.84
Costs to cover: 2.974%
Break-even: 4.3 days

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 64 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	5.16 bp	142.0 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 64 min ago	13.74 bp	42.8 bp −$43	66.1 bp −$661	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
Bybit BOTUSDT	−0.4899%	8h	29.050	−0.103%	$521K	$579K	25x	as long as short
OKX BOT-USDT-SWAPlong	−0.2524%	8h	29.080	long leg	$231K	$236K	20x
KuCoin BOTUSDTM	−0.1526%	8h	29.040	−0.138%	$92K	$461K	20x	as long as short
Lighter BOT	−0.1424%	1h	29.204	+0.426%	$67K	$1K	3x	as long as short
Binance BOTUSDT	−0.1260%	8h	29.075	−0.017%	$455K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1025%	8h	29.025	−0.188%	$33K	$12K	—	as long as short
tradeXYZ xyz:BOT	−0.0530%	1h	29.048	−0.110%	$3.0M	$792K	10x	as long as short
QFEX BOT-USD	−0.0076%	1h	29.060	−0.069%	$1.2M	$479K	10x	as long as short
Bitget BOTUSDTshort	−0.0050%	8h	29.120	+0.138%	$242K	$129K	5x
Gate BOT_USDT	0.0000%	8h	29.100	+0.069%	$251K	$225K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.060	−0.069%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	28.976	−0.358%	$3K	$35K	10x	as long as short