Funding you earn now, next payment 04:00 UTC+0.0234%/8h= +25.6% APRnext payment +$1.17 per $10,000 · paid last 24h +0.086%
Price spread now: BloFin against OKX−0.111%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1271.273% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)+0.405%+$40 · spread now −0.111%, 7d avg +0.035%
=Funding pays, the price is against you. BloFin is 0.146% cheaper against OKX than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.035%). If the spread goes back, that is −$15 on $10k: about 2.1 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.204% in total) that is about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LIGHT-USDT-SWAP | 0.1807 | 0.0100 | pay 0.0050% / 4h | 27m 14s | $897K | $1.3M | 10x |
| Short | BloFin LIGHT-USDT | 0.1805 | 0.0334 | get 0.0167% / 4h | 27m 14s | $237K | $17K | 10x |
OKX LIGHT-USDT-SWAP
BloFin LIGHT-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
- $49.18
- Price spread: −0.111% → +0.035%
- −$14.59
- Slippage, 4 orders
- −$105.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$92.66
- Costs to cover
- 1.273%
- Break-even
- 20.2 days
Slippage from OKX: live order book, 4 min ago; BloFin: 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 OKX live order book, 4 min ago | 2.77 bp | 30.5 bp −$30 | 1986.7 bp −$19.9K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 5.53 bp | 26.2 bp −$26 | 87.2 bp −$872 | 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-SWAPlong | +0.0100% | 4h | 0.1807 | long leg | $897K | $1.3M | 10x | |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1807 | 0.000% | $2.3M | $564K | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1803 | −0.221% | $1K | $1.4M | 20x | as long as short |
| KuCoin LIGHTUSDTM | +0.0256% | 4h | 0.1805 | −0.122% | $2.0M | $2.5M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0258% | 4h | 0.1806 | −0.057% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDTshort | +0.0334% | 4h | 0.1805 | −0.111% | $237K | $17K | 10x | |
| Binance LIGHTUSDT | +0.0374% | 4h | 0.1805 | −0.085% | $4.1M | $3.1M | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0382% | 4h | 0.1805 | −0.111% | $1.4M | $291K | 50x | as long as short |
| Bybit LIGHTUSDT | +0.0456% | 4h | 0.1807 | 0.000% | $2.2M | $608K | 13x | as long as short |
Gate LIGHT_USDT
SunX LIGHT-USDT
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
Binance LIGHTUSDT
MEXC LIGHT_USDT
Bybit LIGHTUSDT