Funding you earn now, next payment 08:00 UTC−0.0344%/8h= −37.7% APRnext payment −$1.72 per $10,000 · paid last 24h −0.071%
Price spread now: BloFin against OKX+0.068%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 4 days (all we have)+0.125%+$12 · spread now +0.068%, 7d avg +0.032%
=The price spread pays, funding is against you. BloFin is 0.035% dearer against OKX than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.032%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.342% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX APR-USDT-SWAP | 0.1473 | 0.0398 | pay 0.0199% / 4h | 1h 06m | $1.3M | $2.5M | 20x |
| Short | BloFin APR-USDT | 0.1474 | 0.0054 | get 0.0027% / 4h | 1h 06m | $287K | $112K | 50x |
OKX APR-USDT-SWAP
BloFin APR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$72.24
- Price spread: +0.068% → +0.032%
- $3.55
- Slippage, 4 orders
- −$109.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$199.94
- Costs to cover
- 1.313%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; BloFin: live order book, 13 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, 6 min ago | 3.39 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 10.22 bp | 23.1 bp −$23 | 80.5 bp −$805 | 198.0 bp −$19.8K | doesn't fit |
APR 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 APR-USDTshort | +0.0054% | 4h | 0.1474 | +0.068% | $287K | $112K | 50x | |
| Binance APRUSDT | +0.0100% | 4h | 0.1474 | +0.047% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1472 | −0.068% | $1.5M | $653K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1473 | 0.000% | $368K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1470 | −0.197% | $1K | $1.2M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1480 | +0.475% | $19K | $38K | 20x | as long as short |
| Bitget APRUSDT | +0.0172% | 4h | 0.1473 | −0.020% | $3.9M | $1.0M | 50x | as long as short |
| OKX APR-USDT-SWAPlong | +0.0398% | 4h | 0.1473 | long leg | $1.3M | $2.5M | 20x | |
| BingX APR-USDT | +0.0418% | 4h | 0.1472 | −0.068% | — | $1.4M | — | as long as short |
| Aster APRUSDT | +0.0699% | 4h | 0.1471 | −0.131% | $71K | $78K | 5x | as long as short |
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
Bitget APRUSDT
BingX APR-USDT
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0894% | 4h | 0.1470 | −0.183% | $2.4M | $346K | 50x | as long as short |
| Gate APR_USDT | +0.0930% | 4h | 0.1469 | −0.278% | $697K | $213K | 25x | as long as short |
KuCoin APRUSDTM
Gate APR_USDT