Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h −0.018%
Price spread now: Bitget against OKX−0.027%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$2062.056% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.027%, 7d avg −0.090%
=The price spread pays, funding is against you. Bitget is 0.063% dearer against OKX than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.090%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.018% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DKNG-USDT-SWAP | 22.060 | 0.0087 | pay 0.0087% / 8h | 2h 49m | $114K | $115K | 20x |
| Short | Bitget DKNGUSDT | 22.054 | 0 | get 0.0000% / 8h | 2h 49m | $125K | $68K | 20x |
OKX DKNG-USDT-SWAP
Bitget DKNGUSDTFunding 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
- −$18.31
- Price spread: −0.027% → −0.090%
- $6.28
- Slippage, 4 orders
- −$183.57
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$217.59
- Costs to cover
- 2.056%
- Break-even
- never at this rate
Slippage from OKX: live order book, 60 min ago; Bitget: live order book, 54 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, 60 min ago | 4.53 bp | 76.5 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 54 min ago | 7.93 bp | 32.1 bp −$32 | 78.9 bp −$789 | doesn't fit | doesn't fit |
DKNG 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DKNGUSDT | 0.0000% | 8h | 22.063 | +0.012% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDT | 0.0000% | 8h | 22.040 | −0.091% | $77K | $69K | 25x | as long as short |
| Gate DKNG_USDT | 0.0000% | 8h | 22.107 | +0.213% | $110K | $7K | 20x | as long as short |
| Bitget DKNGUSDTshort | 0.0000% | 8h | 22.054 | −0.027% | $125K | $68K | 20x | |
| SunX DKNG-USDT | 0.0000% | 8h | 22.060 | 0.000% | $1K | $676K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.050 | −0.045% | $6K | $4K | 10x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.317% | $707 | $6K | 12x | as long as short |
| tradeXYZ xyz:DKNG | +0.0050% | 1h | 22.098 | +0.172% | $1.8M | $2.1M | 10x | as long as short |
| OKX DKNG-USDT-SWAPlong | +0.0087% | 8h | 22.060 | long leg | $114K | $115K | 20x | |
| KuCoin DKNGUSDTM | +0.0234% | 8h | 22.080 | +0.091% | $90K | $381K | 20x | as long as short |
Aster DKNGUSDT
Bybit DKNGUSDT
Gate DKNG_USDT
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERP
tradeXYZ xyz:DKNG
KuCoin DKNGUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni DKNG | +0.0363% | 8h | 22.066 | +0.028% | $78K | $51K | — | as long as short |
| Binance DKNGUSDT | +0.0434% | 8h | 22.070 | +0.045% | $295K | $633K | 20x | as long as short |
Variational Omni DKNG
Binance DKNGUSDT