Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.004%
Price spread now: OKX against BloFin−0.420%103s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1221.221% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)+0.292%+$29 · spread now −0.420%, 7d avg +0.016%
=Funding pays, the price is against you. OKX is 0.436% cheaper against BloFin than usual: you would sell low and buy high (spread −0.420% now, against its 7-day average of +0.016%). If the spread goes back, that is −$44 on $10k: about 34 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.044% in total) that is about 2 months. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin A-USDT | 0.09291 | 0.0058 | pay 0.0029% / 4h | 49m 30s | $150K | $7K | 75x |
| Short | OKX A-USDT-SWAP | 0.09252 | 0.0100 | get 0.0050% / 4h | 49m 30s | $728K | $485K | 10x |
BloFin A-USDT
OKX A-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- $8.86
- Price spread: −0.420% → +0.016%
- −$43.56
- Slippage, 4 orders
- −$100.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$156.77
- Costs to cover
- 1.221%
- Break-even
- 130.8 days
Slippage from BloFin: live order book, 47 min ago; OKX: live order book, 7 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 BloFin live order book, 47 min ago | 4.31 bp | 14.7 bp −$15 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell OKX live order book, 7 min ago | 3.77 bp | 43.5 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
A on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective A/USDC PERP | +0.0033% | 1h | 0.08945 | −3.724% | $1K | $5 | 5.5x | as long as short |
| BloFin A-USDTlong | +0.0058% | 4h | 0.09291 | long leg | $150K | $7K | 75x | |
| Binance AUSDT | +0.0100% | 4h | 0.09252 | −0.420% | $2.9M | $3.1M | 75x | as long as short |
| Bybit AUSDT | +0.0100% | 4h | 0.09243 | −0.517% | $3.2M | $963K | 50x | as long as short |
| OKX A-USDT-SWAPshort | +0.0100% | 4h | 0.09252 | −0.420% | $728K | $485K | 10x | |
| Gate A_USDT | +0.0100% | 4h | 0.09267 | −0.258% | $216K | $66K | 50x | as long as short |
| MEXC A_USDT | +0.0100% | 4h | 0.09255 | −0.387% | $4.0M | $135K | 100x | as long as short |
| KuCoin AUSDTM | +0.0100% | 4h | 0.09270 | −0.226% | $679K | $49K | 75x | as long as short |
| Bitget AUSDT | +0.0100% | 4h | 0.09265 | −0.280% | $906K | $182K | 75x | as long as short |
| BingX A-USDT | +0.0100% | 4h | 0.09254 | −0.398% | — | $6.5M | — | as long as short |
Injective A/USDC PERP
Binance AUSDT
Bybit AUSDT
Gate A_USDT
MEXC A_USDT
KuCoin AUSDTM
Bitget AUSDT
BingX A-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni A | +0.0100% | 4h | 0.09251 | −0.426% | $1K | $1 | — | as long as short |
Variational Omni A