COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0221%/8h= −24.2% APRnext payment −$2.21 per $10,000 · paid last 24h +0.052%

Price spread now: Gate against OKX+0.097%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.097%, 7d avg +0.014%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.083% dearer against OKX than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.014%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.113%, 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 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.21 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 COIN-USDT-SWAP	196.63	0	get 0.0000% / 8h	3h 16m	$3.0M	$4.7M	20x
Short	Gate COIN_USDT	196.82	−0.0221	pay 0.0221% / 8h	3h 16m	$1.2M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.097%Rate

Funding earned: −$46.41
Price spread: +0.097% → +0.014%: $8.28
Slippage, 4 orders: −$28.11
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$91.24
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago	2.29 bp	12.4 bp −$12	21.1 bp −$211	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.10 bp	14.8 bp −$15	38.9 bp −$389	doesn't fit	doesn't fit

COIN on 26 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 COINUSDT	−0.0729%	8h	196.82	+0.097%	$6.2M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.76	+0.066%	$43K	$48K	30x	as long as short
Gate COIN_USDTshort	−0.0221%	8h	196.82	+0.097%	$1.2M	$7.3M	50x
Vest COIN-USD-PERP	−0.0108%	1h	196.20	−0.219%	—	$262K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.66	+0.015%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.72	+0.048%	$117K	$683K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.66	+0.015%	$14.7M	$80.4M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.63	0.000%	$4.8M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAPlong	0.0000%	8h	196.63	long leg	$3.0M	$4.7M	20x
Variational Omni COIN	0.0000%	8h	196.75	+0.061%	$683K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.74	+0.058%	$12K	$2.4M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.80	+0.086%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.73	+0.051%	$455K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.78	+0.076%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.66	+0.015%	$15.3M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.67	+0.020%	$133K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.77	+0.071%	$89	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.57	−0.031%	$359K	$2.7M	10x	as long as short
Lighter COIN	+0.0064%	1h	196.78	+0.074%	$385K	$2.1M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.71	+0.041%	$991K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.63	0.000%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.79	+0.081%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.79	+0.080%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.86	+0.117%	$188K	$394K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.78	+0.076%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0864%	4h	196.61	−0.010%	$51K	$295K	10x	as long as short