Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against OKX+0.039%83s7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as 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−$1041.037% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.039%, 7d avg +0.062%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.022% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.062%). Swap the legs. The two prices were read 83 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 | OKX ARKM-USDT-SWAP | 0.1272 | 0.0100 | pay 0.0100% / 8h | 2h 55m | $782K | $2.5M | 20x |
| Short | BloFin ARKM-USDT | 0.1272 | 0.0088 | get 0.0088% / 8h | 2h 55m | $143K | $44K | 50x |
OKX ARKM-USDT-SWAP
BloFin ARKM-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
- −$2.55
- Price spread: +0.039% → +0.062%
- −$2.25
- Slippage, 4 orders
- −$81.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$108.45
- Costs to cover
- 1.037%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 16 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, 1 min ago | 2.36 bp | 37.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 3.88 bp | 11.8 bp −$12 | 39.3 bp −$393 | doesn't fit | doesn't fit |
ARKM on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARKMUSD | −0.1780% | 1h | 0.1274 | +0.184% | $22K | $1K | 10x | as long as short |
| dYdX ARKM-USD | 0.0000% | 1h | 0.1274 | +0.208% | $7K | $47 | 5x | as long as short |
| BloFin ARKM-USDTshort | +0.0088% | 8h | 0.1272 | +0.039% | $143K | $44K | 50x | |
| Aster ARKMUSDT | +0.0100% | 8h | 0.1274 | +0.214% | $13K | $11K | 5x | as long as short |
| Binance ARKMUSDT | +0.0100% | 8h | 0.1274 | +0.234% | $2.7M | $10.2M | 50x | as long as short |
| Bybit ARKMUSDT | +0.0100% | 8h | 0.1274 | +0.165% | $2.3M | $2.4M | 50x | as long as short |
| OKX ARKM-USDT-SWAPlong | +0.0100% | 8h | 0.1272 | long leg | $782K | $2.5M | 20x | |
| Gate ARKM_USDT | +0.0100% | 8h | 0.1273 | +0.118% | $237K | $252K | 50x | as long as short |
| MEXC ARKM_USDT | +0.0100% | 8h | 0.1275 | +0.275% | $3.2M | $1.2M | 200x | as long as short |
| KuCoin ARKMUSDTM | +0.0100% | 8h | 0.1275 | +0.283% | $1.2M | $293K | 30x | as long as short |
Kraken Futures PF_ARKMUSD
dYdX ARKM-USD
Aster ARKMUSDT
Binance ARKMUSDT
Bybit ARKMUSDT
Gate ARKM_USDT
MEXC ARKM_USDT
KuCoin ARKMUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARKMUSDT | +0.0100% | 8h | 0.1273 | +0.118% | $1.4M | $1.2M | 50x | as long as short |
| BingX ARKM-USDT | +0.0100% | 8h | 0.1274 | +0.197% | — | $2.5M | — | as long as short |
| Variational Omni ARKM | +0.0100% | 8h | 0.1274 | +0.175% | $9K | $12K | — | as long as short |
Bitget ARKMUSDT
BingX ARKM-USDT
Variational Omni ARKM