Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.020%
Price spread now: BloFin against OKX−0.307%113s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as 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−$1181.179% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.585%+$58 · spread now −0.307%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.270% cheaper against OKX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 113 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 FLOW-USDT-SWAP | 0.03260 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $863K | $1.7M | 10x |
| Short | BloFin FLOW-USDT | 0.03250 | 0.0047 | get 0.0023% / 4h | 3h 31m | $140K | $20K | 20x |
OKX FLOW-USDT-SWAP
BloFin FLOW-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
- −$11.18
- Price spread: −0.307% → −0.037%
- −$26.98
- Slippage, 4 orders
- −$95.91
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$156.07
- Costs to cover
- 1.179%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 50 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, 5 min ago | 7.69 bp | 37.9 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 10.83 bp | 21.9 bp −$22 | 66.6 bp −$666 | doesn't fit | doesn't fit |
FLOW on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective FLOW/USDC PERP | +0.0033% | 1h | 0.03046 | −6.564% | $213 | $14K | 5.5x | as long as short |
| BloFin FLOW-USDTshort | +0.0047% | 4h | 0.03250 | −0.307% | $140K | $20K | 20x | |
| Aster FLOWUSDT | +0.0100% | 4h | 0.03253 | −0.203% | $7K | $10K | 5x | as long as short |
| Binance FLOWUSDT | +0.0100% | 4h | 0.03258 | −0.063% | $2.6M | $7.8M | 10x | as long as short |
| Bybit FLOWUSDT | +0.0100% | 8h | 0.03260 | 0.000% | $1.5M | $1.3M | 20x | as long as short |
| OKX FLOW-USDT-SWAPlong | +0.0100% | 4h | 0.03260 | long leg | $863K | $1.7M | 10x | |
| Gate FLOW_USDT | +0.0100% | 8h | 0.03250 | −0.307% | $286K | $299K | 10x | as long as short |
| MEXC FLOW_USDT | +0.0100% | 4h | 0.03257 | −0.092% | $1.6M | $1.0M | 50x | as long as short |
| KuCoin FLOWUSDTM | +0.0100% | 4h | 0.03252 | −0.245% | $292K | $130K | 10x | as long as short |
| BingX FLOW-USDT | +0.0100% | 4h | 0.03256 | −0.123% | — | $1.7M | — | as long as short |
Injective FLOW/USDC PERP
Aster FLOWUSDT
Binance FLOWUSDT
Bybit FLOWUSDT
Gate FLOW_USDT
MEXC FLOW_USDT
KuCoin FLOWUSDTM
BingX FLOW-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FLOW | +0.0100% | 8h | 0.03253 | −0.217% | $34K | $2K | — | as long as short |
| Kraken Futures PF_FLOWUSD | +0.0843% | 1h | 0.03261 | +0.037% | $35K | $41K | 10x | as long as short |
Variational Omni FLOW
Kraken Futures PF_FLOWUSD