INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against OKX+0.073%73s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as 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−$1311.313% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

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%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.043% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.030%. 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 INIT-USDT-SWAP	0.08189	0.0100	pay 0.0050% / 4h	32m 01s	$133K	$633K	10x
Short	BloFin INIT-USDT	0.08195	0.0133	get 0.0066% / 4h	32m 01s	$154K	$110K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BloFinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $6.89
Price spread: +0.073% → +0.030%: $4.34
Slippage, 4 orders: −$109.29
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$120.06
Costs to cover: 1.313%
Break-even: 129.0 days

Slippage from OKX: live order book, 44 min ago; BloFin: live order book, 30 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, 44 min ago	4.90 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	3.66 bp	21.5 bp −$22	52.6 bp −$526	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
Hyperliquid INIT	+0.0100%	1h	0.08188	−0.016%	$298K	$233K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08191	+0.019%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08193	+0.049%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08179	−0.122%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAPlong	+0.0100%	4h	0.08189	long leg	$133K	$633K	10x
Gate INIT_USDT	+0.0100%	8h	0.08183	−0.073%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08191	+0.024%	$445K	$219K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08194	+0.061%	$326K	$54K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08186	−0.037%	$427K	$310K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08186	−0.037%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08176	−0.164%	$26K	$23K	—	as long as short
BloFin INIT-USDTshort	+0.0133%	4h	0.08195	+0.073%	$154K	$110K	25x
Kraken Futures PF_INITUSD	+0.0498%	1h	0.08185	−0.045%	$5K	$17K	10x	as long as short