Funding you earn now, next payment 08:00 UTC−0.0312%/8h= −34.1% APRnext payment −$3.12 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against BloFin−0.264%103s7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as 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−$770.768% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.264%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.213% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.051%). Swap the legs. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AR-USDT | 4.5450 | 0.0218 | pay 0.0218% / 8h | 5h 39m | $438K | $499K | 20x |
| Short | OKX AR-USDT-SWAP | 4.5330 | −0.0094 | pay 0.0094% / 8h | 5h 39m | $2.3M | $18.9M | 20x |
BloFin AR-USDT
OKX AR-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
- −$65.47
- Price spread: −0.264% → −0.051%
- −$21.35
- Slippage, 4 orders
- −$54.75
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$163.57
- Costs to cover
- 0.768%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 87 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, 87 min ago | 2.17 bp | 8.2 bp −$8 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.10 bp | 24.0 bp −$24 | 107.6 bp −$1,076 | doesn't fit | doesn't fit |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.5392 | −0.128% | $583K | — | 50x | as long as short |
| OKX AR-USDT-SWAPshort | −0.0094% | 8h | 4.5330 | −0.264% | $2.3M | $18.9M | 20x | |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5290 | −0.352% | $548 | $3K | 5.5x | as long as short |
| Extended AR-USD | +0.0096% | 1h | 4.5388 | −0.136% | $37K | $239K | 10x | as long as short |
| MEXC AR_USDT | +0.0098% | 8h | 4.5400 | −0.110% | $6.6M | $4.3M | 100x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5459 | +0.020% | $4.1M | $4.5M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5435 | −0.034% | $19K | $500K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.5380 | −0.154% | $9.1M | $51.6M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5370 | −0.176% | $4.7M | $8.4M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.5400 | −0.110% | $2.5M | $1.9M | 50x | as long as short |
GMX AR/USD [WBTC.b-USDC]
Injective AR/USDC PERP
Extended AR-USD
MEXC AR_USDT
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5390 | −0.132% | $1.2M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5370 | −0.176% | $3.9M | $5.3M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5410 | −0.088% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5401 | −0.107% | $236K | $258K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5490 | +0.088% | $20K | $725K | 50x | as long as short |
| BloFin AR-USDTlong | +0.0218% | 8h | 4.5450 | long leg | $438K | $499K | 20x | |
| Kraken Futures PF_ARUSD | +0.1922% | 1h | 4.5476 | +0.057% | $56K | $149K | 20x | as long as short |
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Kraken Futures PF_ARUSD