Funding you earn now, next payment 12:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.93 per $10,000 · paid last 24h −0.111%
Price spread now: OKX against BloFin−0.226%103s7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as 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−$720.720% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.226%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.259% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 103 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 IOST-USDT | 0.0008862 | −0.1495 | get 0.0747% / 4h | 51m 26s | $290K | $2.0M | 50x |
| Short | OKX IOST-USDT-SWAP | 0.0008842 | −0.1681 | pay 0.0840% / 4h | 51m 26s | $1.5M | $3.8M | 10x |
BloFin IOST-USDT
OKX IOST-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
- −$39.09
- Price spread: −0.226% → +0.033%
- −$25.91
- Slippage, 4 orders
- −$49.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$136.96
- Costs to cover
- 0.720%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 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, 5 min ago | 5.64 bp | 15.9 bp −$16 | 39.2 bp −$392 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.13 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
IOST on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAPshort | −0.1681% | 4h | 0.0008842 | −0.226% | $1.5M | $3.8M | 10x | |
| Bybit IOSTUSDT | −0.1521% | 8h | 0.0008854 | −0.090% | $1.8M | $2.0M | 25x | as long as short |
| MEXC IOST_USDT | −0.1518% | 4h | 0.0008852 | −0.113% | $1.7M | $437K | 50x | as long as short |
| Binance IOSTUSDT | −0.1517% | 4h | 0.0008851 | −0.125% | $5.6M | $15.9M | 50x | as long as short |
| BloFin IOST-USDTlong | −0.1495% | 4h | 0.0008862 | long leg | $290K | $2.0M | 50x | |
| Bitget IOSTUSDT | −0.1296% | 4h | 0.0008849 | −0.147% | $674K | $1.9M | 25x | as long as short |
| Variational Omni IOST | −0.0979% | 8h | 0.0008879 | +0.193% | $10K | $6K | — | as long as short |
| BingX IOST-USDT | −0.0530% | 4h | 0.0008849 | −0.147% | — | $2.4M | — | as long as short |
| Gate IOST_USDT | −0.0372% | 4h | 0.0008840 | −0.248% | $677K | $492K | 25x | as long as short |
Bybit IOSTUSDT
MEXC IOST_USDT
Binance IOSTUSDT
Bitget IOSTUSDT
Variational Omni IOST
BingX IOST-USDT
Gate IOST_USDT