Funding you earn now, next payment 08:00 UTC+0.0308%/8h= +33.7% APRnext payment +$3.08 per $10,000 · paid last 24h +0.017%
Price spread now: OKX against Gate−0.019%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$690.689% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.019%, 7d avg +0.030%
=Funding pays, the price is against you. OKX is 0.049% cheaper against Gate than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.030%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.08 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 | Gate DELL_USDT | 573.97 | 0 | get 0.0000% / 8h | 2h 46m | $4.1M | $7.1M | 50x |
| Short | OKX DELL-USDT-SWAP | 573.86 | 0.0308 | get 0.0308% / 8h | 2h 46m | $5.8M | $6.7M | 20x |
Gate DELL_USDT
OKX DELL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $64.66
- Price spread: −0.019% → +0.030%
- −$4.93
- Slippage, 4 orders
- −$43.86
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$9.14
- Costs to cover
- 0.689%
- Break-even
- 8.0 days
Slippage from Gate: live order book, 1 min ago; OKX: 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 Gate live order book, 1 min ago | 2.70 bp | 16.0 bp −$16 | 36.4 bp −$364 | 74.4 bp −$7,439 | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.09 bp | 17.3 bp −$17 | 59.9 bp −$599 | doesn't fit | doesn't fit |
DELL on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DELLUSDT | 0.0000% | 8h | 573.76 | −0.037% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDTlong | 0.0000% | 8h | 573.97 | long leg | $4.1M | $7.1M | 50x | |
| Bitget DELLUSDT | 0.0000% | 8h | 573.94 | −0.005% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.50 | +0.092% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.401% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 573.35 | −0.108% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 573.91 | −0.010% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.50 | −0.082% | $940K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.55 | +0.101% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.23 | +0.045% | $17K | $58K | 10x | as long as short |
Aster DELLUSDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DELLUSDT | +0.0111% | 8h | 573.83 | −0.024% | $6.1M | $3.9M | 50x | as long as short |
| edgeX DELLUSDC | +0.0149% | 4h | 574.38 | +0.072% | $5K | $334K | 10x | as long as short |
| OKX DELL-USDT-SWAPshort | +0.0308% | 8h | 573.86 | −0.019% | $5.8M | $6.7M | 20x | |
| GRVT DELL_USDT_Perp | +0.0527% | 8h | 574.74 | +0.134% | $1K | $151K | 10x | as long as short |
| Variational Omni DELL | +0.0537% | 8h | 574.73 | +0.132% | $262K | $61K | — | as long as short |
| Binance DELLUSDT | +0.0622% | 8h | 574.01 | +0.008% | $18.4M | $66.3M | 20x | as long as short |
| Extended DELL-USD | +0.0624% | 1h | 573.91 | −0.011% | $333K | $1.1M | 10x | as long as short |
| BloFin DELL-USDT | +0.0651% | 8h | 574.03 | +0.010% | $321K | $231K | 20x | as long as short |
| Phoenix DELL | +0.0685% | 1h | 574.63 | +0.115% | $3K | $260K | 10x | as long as short |
| Nado DELL-PERP | +0.0814% | 1h | 574.07 | +0.017% | $69K | $20K | 10x | as long as short |
Bybit DELLUSDT
edgeX DELLUSDC
GRVT DELL_USDT_Perp
Variational Omni DELL
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
Phoenix DELL
Nado DELL-PERP