Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against BloFin+0.265%53s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as 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−$870.869% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.398%−$40 · spread now +0.265%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.230% dearer against BloFin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 53 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 ESP-USDT | 0.09423 | 0.0055 | pay 0.0028% / 4h | 2h 22m | $125K | $33K | 25x |
| Short | OKX ESP-USDT-SWAP | 0.09448 | 0.0100 | get 0.0050% / 4h | 2h 22m | $598K | $1.1M | 20x |
BloFin ESP-USDT
OKX ESP-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
- $9.43
- Price spread: +0.265% → +0.035%
- $22.98
- Slippage, 4 orders
- −$64.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$54.45
- Costs to cover
- 0.869%
- Break-even
- 47.4 days
Slippage from BloFin: live order book, 56 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, 56 min ago | 1.60 bp | 18.6 bp −$19 | 46.6 bp −$466 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.06 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.0036% | 4h | 0.09438 | +0.159% | — | $1.7M | — | as long as short |
| BloFin ESP-USDTlong | +0.0055% | 4h | 0.09423 | long leg | $125K | $33K | 25x | |
| Aster ESPUSDT | +0.0100% | 4h | 0.09428 | +0.048% | $6K | $18K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09435 | +0.127% | $2.4M | $4.0M | 25x | as long as short |
| OKX ESP-USDT-SWAPshort | +0.0100% | 4h | 0.09448 | +0.265% | $598K | $1.1M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09433 | +0.106% | $193K | $602K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09433 | +0.106% | $1.3M | $125K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09428 | +0.053% | $1.5M | $45K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09427 | +0.039% | $950K | $134K | 20x | as long as short |
| edgeX ESPUSDC | +0.0118% | 4h | 0.09413 | −0.110% | $29K | $266K | 10x | as long as short |
BingX ESP-USDT
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.0338% | 4h | 0.09424 | +0.011% | $1.1M | $642K | 50x | as long as short |
Bybit ESPUSDT