Funding you earn now, next payment 12:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.051%
Price spread now: OKX against BloFin0.000%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1331.327% of the position
Funding, last 7 days+0.347%+$35 on $10k
+Price spread, last 4 days (all we have)−0.342%−$34 · spread now 0.000%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and OKX is 0.030% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin APR-USDT | 0.1433 | 0.0089 | pay 0.0045% / 4h | 51m 08s | $247K | $124K | 50x |
| Short | OKX APR-USDT-SWAP | 0.1433 | 0.0100 | get 0.0050% / 4h | 51m 08s | $1.2M | $2.2M | 20x |
BloFin APR-USDT
OKX APR-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
- $2.29
- Price spread: 0.000% → −0.030%
- $3.01
- Slippage, 4 orders
- −$110.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$127.45
- Costs to cover
- 1.327%
- Break-even
- 396.8 days
Slippage from BloFin: live order book, 48 min ago; OKX: live order book, 4 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, 48 min ago | 6.97 bp | 31.9 bp −$32 | 154.1 bp −$1,541 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 6.95 bp | 35.3 bp −$35 | 406.0 bp −$4,060 | doesn't fit | doesn't fit |
APR on 12 exchanges
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 APR-USDTlong | +0.0089% | 4h | 0.1433 | long leg | $247K | $124K | 50x | |
| Binance APRUSDT | +0.0100% | 4h | 0.1432 | −0.045% | $6.5M | $4.5M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1432 | −0.063% | $1.4M | $580K | 20x | as long as short |
| OKX APR-USDT-SWAPshort | +0.0100% | 4h | 0.1433 | 0.000% | $1.2M | $2.2M | 20x | |
| Gate APR_USDT | +0.0100% | 4h | 0.1432 | −0.077% | $679K | $198K | 25x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1433 | 0.000% | $365K | $148K | 50x | as long as short |
| Bitget APRUSDT | +0.0100% | 4h | 0.1432 | −0.035% | $3.8M | $1.0M | 50x | as long as short |
| BingX APR-USDT | +0.0100% | 4h | 0.1431 | −0.140% | — | $1.3M | — | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1433 | +0.007% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1433 | 0.000% | $15K | $41K | 20x | as long as short |
Binance APRUSDT
Bybit APRUSDT
Gate APR_USDT
MEXC APR_USDT
Bitget APRUSDT
BingX APR-USDT
SunX APR-USDT
HTX APR-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0407% | 4h | 0.1429 | −0.248% | $69K | $66K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0658% | 4h | 0.1431 | −0.133% | $2.3M | $316K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM