API3

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.007%

Price spread now: OKX against BloFin−0.308%63s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as 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−$1171.171% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.389%+$39 · spread now −0.308%, 7d avg +0.001%

Together, before fees+0.424%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.308% cheaper against BloFin than usual: you would sell low and buy high (spread −0.308% now, against its 7-day average of +0.001%). If the spread goes back, that is −$31 on $10k: about 26 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.034% in total) that is about 2 months. The two prices were read 63 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 API3-USDT	0.2599	0.0060	pay 0.0030% / 4h	2h 40m	$132K	$22K	50x
Short	OKX API3-USDT-SWAP	0.2591	0.0100	get 0.0050% / 4h	2h 40m	$643K	$502K	10x

Funding 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 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 BloFinbpFee OKXbpOrdersPrice spread, now −0.308%Rate

Funding earned: $8.47
Price spread: −0.308% → +0.001%: −$30.84
Slippage, 4 orders: −$95.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$139.5
Costs to cover: 1.171%
Break-even: 122.3 days

Slippage from BloFin: live order book, 31 min ago; OKX: live order book, 6 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, 31 min ago	1.91 bp	21.5 bp −$21	73.2 bp −$732	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	3.83 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit

API3 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
BloFin API3-USDTlong	+0.0060%	4h	0.2599	long leg	$132K	$22K	50x
Aster API3USDT	+0.0100%	4h	0.2595	−0.166%	$2K	$4K	5x	as long as short
Binance API3USDT	+0.0100%	4h	0.2592	−0.269%	$2.6M	$2.0M	50x	as long as short
Bybit API3USDT	+0.0100%	4h	0.2596	−0.115%	$976K	$393K	25x	as long as short
OKX API3-USDT-SWAPshort	+0.0100%	4h	0.2591	−0.308%	$643K	$502K	10x
Gate API3_USDT	+0.0100%	8h	0.2596	−0.115%	$120K	$117K	50x	as long as short
MEXC API3_USDT	+0.0100%	4h	0.2593	−0.231%	$453K	$286K	50x	as long as short
KuCoin API3USDTM	+0.0100%	4h	0.2593	−0.231%	$997K	$243K	30x	as long as short
Bitget API3USDT	+0.0100%	4h	0.2591	−0.308%	$641K	$190K	20x	as long as short
BingX API3-USDT	+0.0100%	4h	0.2593	−0.231%	—	$6.7M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni API3	+0.0100%	4h	0.2602	+0.119%	$6K	$1	—	as long as short
Kraken Futures PF_API3USD	+0.2704%	1h	0.2605	+0.223%	$13K	$3K	10x	as long as short