Gate.io and OKX both quote 160 of the same perpetual markets, so a delta-neutral position can be split across the two and collect the difference in their funding. The widest spread on a market with real depth is UNITREE — long OKX / short Gate.io at 220.9% net APR — but the median across all shared markets is 16.0%, which is the number worth planning around.

The long leg is whichever venue prices funding lower for that market. It is a property of the MARKET, not of the exchange, and it flips as rates move: here 79 markets go long on Gate.io and 81 on OKX. 136 markets clear 5% net APR, 107 clear 10%.

Gate.io pays funding every 8h on 231 markets and every 4h on 201 markets; OKX pays every 8h on 204 markets and every 4h on 136 markets. Both sides settle on the same clock, so a position opened here collects or pays on both legs at once — the spread you see is the spread you get. Gate.io quotes 434 perpetual markets in total and OKX quotes 341; the 160 they share are what this page ranks. Across its own book Gate.io runs a median funding rate of 6.1% and OKX 0.0% — the two sit on opposite sides of zero, which is why this combination throws up spreads at all.

Net APR subtracts entry and exit fees, both legs' bid/ask spread and estimated slippage from the gross funding spread. The 7-day average is historical gross funding for the same pair: a current rate close to it suggests the spread has persisted, one far above it is usually a spike that will decay.