Funding you earn now, next payment 08:00 UTC−0.0121%/8h= −13.2% APRnext payment −$1.21 per $10,000 · paid last 24h −0.052%
Price spread now: OKX against BloFin−0.352%93s7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as 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−$340.341% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.352%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.305% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.048%). Swap the legs. The two prices were read 93 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 FIL-USDT | 0.9931 | 0.0220 | pay 0.0220% / 8h | 39m 38s | $2.7M | $672K | 75x |
| Short | OKX FIL-USDT-SWAP | 0.9896 | 0.0099 | get 0.0099% / 8h | 39m 38s | $17.8M | $107.5M | 50x |
BloFin FIL-USDT
OKX FIL-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
- −$25.36
- Price spread: −0.352% → −0.048%
- −$30.47
- Slippage, 4 orders
- −$12.06
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$89.88
- Costs to cover
- 0.341%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 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, 4 min ago | 1.51 bp | 8.7 bp −$9 | 14.2 bp −$142 | 33.7 bp −$3,367 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.50 bp | 10.1 bp −$10 | 18.7 bp −$187 | 87.6 bp −$8,764 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0455% | 1h | 0.9920 | −0.111% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0176% | 1h | 0.9942 | +0.111% | $349K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9919 | −0.117% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9904 | −0.276% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.765% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0073% | 8h | 0.9899 | −0.322% | $7.0M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9901 | −0.303% | $144K | $358K | 5x | as long as short |
| OKX FIL-USDT-SWAPshort | +0.0099% | 8h | 0.9896 | −0.352% | $17.8M | $107.5M | 50x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9907 | −0.238% | $8.3M | $9.3M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9899 | −0.319% | $504K | $581K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9894 | −0.373% | $55.8M | $184.1M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9898 | −0.332% | $15.4M | $20.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9902 | −0.292% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9896 | −0.352% | $229K | $99K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9893 | −0.383% | $11.2M | $19.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9899 | −0.322% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9925 | −0.065% | $442K | $283K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9927 | −0.038% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9929 | −0.020% | $289K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9930 | −0.010% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9926 | −0.047% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9910 | −0.211% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9912 | −0.191% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9921 | −0.101% | $613K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9910 | −0.211% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9895 | −0.366% | $697K | $4.2M | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.0197% | 1h | 0.9919 | −0.120% | $1.4M | $2.1M | 50x | as long as short |
| BloFin FIL-USDTlong | +0.0220% | 8h | 0.9931 | long leg | $2.7M | $672K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0280% | 1h | 0.9915 | −0.161% | $265K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]