Funding you earn now, next payment 08:00 UTC−0.0181%/8h= −19.9% APRnext payment −$0.91 per $10,000 · paid last 24h −0.063%
Price spread now: OKX against BloFin+0.165%83s7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as 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−$1301.305% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.165%, 7d avg −0.031%
=The price spread pays, funding is against you. OKX is 0.196% dearer against BloFin than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of −0.031%): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 83 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 LIGHT-USDT | 0.1821 | 0.0281 | pay 0.0141% / 4h | 2h 21m | $241K | $15K | 10x |
| Short | OKX LIGHT-USDT-SWAP | 0.1824 | 0.0100 | get 0.0050% / 4h | 2h 21m | $901K | $1.3M | 10x |
BloFin LIGHT-USDT
OKX LIGHT-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
- −$38.08
- Price spread: +0.165% → −0.031%
- $19.58
- Slippage, 4 orders
- −$108.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$149
- Costs to cover
- 1.305%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; OKX: live order book, 5 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, 59 min ago | 10.90 bp | 24.4 bp −$24 | 109.1 bp −$1,091 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.75 bp | 38.3 bp −$38 | 1530.1 bp −$15.3K | doesn't fit | doesn't fit |
LIGHT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX LIGHT-USDT-SWAPshort | +0.0100% | 4h | 0.1824 | +0.165% | $901K | $1.3M | 10x | |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1820 | −0.055% | $2.3M | $555K | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0100% | 4h | 0.1819 | −0.121% | $2.0M | $2.5M | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1819 | −0.110% | $1K | $1.4M | 20x | as long as short |
| Bybit LIGHTUSDT | +0.0138% | 4h | 0.1820 | −0.049% | $2.2M | $615K | 13x | as long as short |
| Aster LIGHTUSDT | +0.0170% | 4h | 0.1819 | −0.115% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDTlong | +0.0281% | 4h | 0.1821 | long leg | $241K | $15K | 10x | |
| Binance LIGHTUSDT | +0.0300% | 4h | 0.1822 | +0.060% | $4.2M | $3.1M | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0308% | 4h | 0.1822 | +0.055% | $1.4M | $303K | 50x | as long as short |
Gate LIGHT_USDT
KuCoin LIGHTUSDTM
SunX LIGHT-USDT
Bybit LIGHTUSDT
Aster LIGHTUSDT
Binance LIGHTUSDT
MEXC LIGHT_USDT