Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against OKX−0.158%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.158%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.121% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ESP-USDT-SWAP | 0.09483 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $602K | $1.1M | 20x |
| Short | BloFin ESP-USDT | 0.09468 | 0.0055 | get 0.0027% / 4h | 1h 39m | $126K | $33K | 25x |
OKX ESP-USDT-SWAP
BloFin ESP-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
- −$9.51
- Price spread: −0.158% → −0.037%
- −$12.15
- Slippage, 4 orders
- −$61.98
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$105.63
- Costs to cover
- 0.840%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 33 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, 2 min ago | 1.58 bp | 32.7 bp −$33 | 467.1 bp −$4,671 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 0.53 bp | 17.2 bp −$17 | 39.4 bp −$394 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDTshort | +0.0055% | 4h | 0.09468 | −0.158% | $126K | $33K | 25x | |
| Aster ESPUSDT | +0.0100% | 4h | 0.09471 | −0.123% | $7K | $17K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09471 | −0.127% | $2.4M | $4.0M | 25x | as long as short |
| OKX ESP-USDT-SWAPlong | +0.0100% | 4h | 0.09483 | long leg | $602K | $1.1M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09470 | −0.137% | $189K | $599K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09471 | −0.127% | $1.3M | $126K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09472 | −0.116% | $1.5M | $40K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09472 | −0.112% | $952K | $136K | 20x | as long as short |
| edgeX ESPUSDC | +0.0110% | 4h | 0.09473 | −0.104% | $29K | $266K | 10x | as long as short |
| BingX ESP-USDT | +0.0432% | 4h | 0.09471 | −0.127% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.0550% | 4h | 0.09458 | −0.264% | $1.1M | $650K | 50x | as long as short |
Bybit ESPUSDT