Funding you earn now, next payment 16:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against BloFin−0.035%63s7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as 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−$860.863% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.035%, 7d avg −0.067%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.033% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour. The two prices were read 63 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 MANA-USDT | 0.08686 | 0.0076 | pay 0.0076% / 8h | 7h 10m | $168K | $58K | 20x |
| Short | OKX MANA-USDT-SWAP | 0.08683 | 0.0100 | get 0.0100% / 8h | 7h 10m | $614K | $1.9M | 20x |
BloFin MANA-USDT
OKX MANA-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
- $5
- Price spread: −0.035% → −0.067%
- $3.28
- Slippage, 4 orders
- −$64.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$78.06
- Costs to cover
- 0.863%
- Break-even
- 116.3 days
Slippage from BloFin: live order book, 47 min ago; OKX: live order book, 2 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, 47 min ago | 1.15 bp | 22.0 bp −$22 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 4.03 bp | 26.3 bp −$26 | 114.1 bp −$1,141 | doesn't fit | doesn't fit |
MANA 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MANA | −0.0226% | 8h | 0.08665 | −0.247% | $85K | $2K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08760 | +0.852% | $901 | $1K | 5.5x | as long as short |
| BingX MANA-USDT | +0.0070% | 8h | 0.08680 | −0.069% | — | $2.4M | — | as long as short |
| BloFin MANA-USDTlong | +0.0076% | 8h | 0.08686 | long leg | $168K | $58K | 20x | |
| Aster MANAUSDT | +0.0100% | 8h | 0.08688 | +0.027% | $7K | $6K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08690 | +0.047% | $3.5M | $5.9M | 75x | as long as short |
| Bybit MANAUSDT | +0.0100% | 8h | 0.08672 | −0.161% | $2.8M | $925K | 75x | as long as short |
| OKX MANA-USDT-SWAPshort | +0.0100% | 8h | 0.08683 | −0.035% | $614K | $1.9M | 20x | |
| Gate MANA_USDT | +0.0100% | 8h | 0.08686 | 0.000% | $313K | $365K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08689 | +0.035% | $13.9M | $740K | 200x | as long as short |
Variational Omni MANA
Injective MANA/USDC PERP
BingX MANA-USDT
Aster MANAUSDT
Binance MANAUSDT
Bybit MANAUSDT
Gate MANA_USDT
MEXC MANA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MANAUSDTM | +0.0100% | 8h | 0.08690 | +0.046% | $1.7M | $70K | 50x | as long as short |
| Bitget MANAUSDT | +0.0100% | 8h | 0.08689 | +0.030% | $1.6M | $509K | 25x | as long as short |
| Kraken Futures PF_MANAUSD | +0.0946% | 1h | 0.08694 | +0.088% | $95K | $85K | 20x | as long as short |
KuCoin MANAUSDTM
Bitget MANAUSDT
Kraken Futures PF_MANAUSD