Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against BloFin−0.073%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.073%, 7d avg −0.030%
=Funding pays, the price is against you. OKX is 0.043% cheaper against BloFin than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.030%). If the spread goes back, that is −$4 on $10k: about 8.4 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin INIT-USDT | 0.08195 | 0.0083 | pay 0.0041% / 4h | 31m 06s | $153K | $110K | 25x |
| Short | OKX INIT-USDT-SWAP | 0.08189 | 0.0100 | get 0.0050% / 4h | 31m 06s | $133K | $633K | 10x |
BloFin INIT-USDT
OKX INIT-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
- $3.62
- Price spread: −0.073% → −0.030%
- −$4.33
- Slippage, 4 orders
- −$109.29
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$132.01
- Costs to cover
- 1.313%
- Break-even
- 262.4 days
Slippage from BloFin: live order book, 30 min ago; OKX: live order book, 45 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, 30 min ago | 3.66 bp | 22.3 bp −$22 | 57.7 bp −$577 | doesn't fit | doesn't fit |
| Sell OKX live order book, 45 min ago | 4.90 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 INIT-USDTlong | +0.0083% | 4h | 0.08195 | long leg | $153K | $110K | 25x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08190 | −0.059% | $298K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08191 | −0.044% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08194 | −0.014% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08179 | −0.195% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAPshort | +0.0100% | 4h | 0.08189 | −0.073% | $133K | $633K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08183 | −0.146% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08193 | −0.024% | $445K | $219K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08186 | −0.110% | $326K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08186 | −0.110% | $427K | $310K | 25x | as long as short |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08183 | −0.146% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08179 | −0.195% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0497% | 1h | 0.08187 | −0.095% | $5K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD