Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.076%
Price spread now: BloFin against OKX−0.474%73s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as 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−$620.625% of the position
Funding, last 7 days+0.485%+$49 on $10k
+Price spread, last 3 days (all we have)+0.307%+$31 · spread now −0.474%, 7d avg −0.022%
=Funding pays, the price is against you. BloFin is 0.453% cheaper against OKX than usual: you would sell low and buy high (spread −0.474% now, against its 7-day average of −0.022%). If the spread goes back, that is −$45 on $10k: about 6.3 days of funding at the current rate (+$7 a day). The two prices were read 73 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 ETHFI-USDT-SWAP | 0.7168 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $5.0M | $12.4M | 20x |
| Short | BloFin ETHFI-USDT | 0.7134 | 0.0340 | get 0.0170% / 4h | 2h 49m | $1.3M | $260K | 75x |
OKX ETHFI-USDT-SWAP
BloFin ETHFI-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
- $50.4
- Price spread: −0.474% → −0.022%
- −$45.27
- Slippage, 4 orders
- −$40.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$57.36
- Costs to cover
- 0.625%
- Break-even
- 15.0 days
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago | 1.40 bp | 15.6 bp −$16 | 42.6 bp −$426 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 5.61 bp | 16.3 bp −$16 | 30.1 bp −$301 | 96.3 bp −$9,627 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0423% | 4h | 0.7135 | −0.460% | $88K | $169K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0309% | 1h | 0.7153 | −0.209% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0211% | 4h | 0.7148 | −0.279% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0006% | 4h | 0.7135 | −0.462% | $1.0M | $721K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.004% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0038% | 8h | 0.7145 | −0.319% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7155 | −0.176% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7165 | −0.047% | $18.0M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7155 | −0.179% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7158 | −0.140% | $24.9M | $36.6M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7162 | −0.084% | $18.0M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7168 | long leg | $5.0M | $12.4M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7161 | −0.098% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7160 | −0.112% | $15.2M | $3.8M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7161 | −0.098% | $1.2M | $259K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7161 | −0.098% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7159 | −0.126% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7150 | −0.254% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7147 | −0.293% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7158 | −0.135% | $98K | $389K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7149 | −0.268% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7154 | −0.195% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0227% | 1h | 0.7154 | −0.202% | $271K | $174K | 20x | as long as short |
| BloFin ETHFI-USDTshort | +0.0340% | 4h | 0.7134 | −0.474% | $1.3M | $260K | 75x |
Bybit ETHFIUSDT
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD