Funding you earn now, next payment 12:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against BloFin−0.159%73s7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as 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−$950.952% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.159%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.112% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.047%). Swap the legs. 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 | BloFin ME-USDT | 0.07550 | 0.0152 | pay 0.0076% / 4h | 3h 53m | $107K | $9K | 50x |
| Short | OKX ME-USDT-SWAP | 0.07538 | 0.0100 | get 0.0050% / 4h | 3h 53m | $472K | $1.3M | 20x |
BloFin ME-USDT
OKX ME-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
- −$10.89
- Price spread: −0.159% → −0.047%
- −$11.18
- Slippage, 4 orders
- −$73.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$117.23
- Costs to cover
- 0.952%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; OKX: live order book, 3 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, 1 min ago | 1.99 bp | 16.2 bp −$16 | 57.0 bp −$570 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 4.63 bp | 26.6 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
ME 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 ME | +0.0100% | 1h | 0.07544 | −0.079% | $235K | $133K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07548 | −0.031% | $13K | $21K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07545 | −0.066% | $2.1M | $4.3M | 50x | as long as short |
| Bybit MEUSDT | +0.0100% | 4h | 0.07550 | 0.000% | $1.5M | $851K | 25x | as long as short |
| OKX ME-USDT-SWAPshort | +0.0100% | 4h | 0.07538 | −0.159% | $472K | $1.3M | 20x | |
| Gate ME_USDT | +0.0100% | 8h | 0.07550 | 0.000% | $195K | $79K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07543 | −0.093% | $505K | $125K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07552 | +0.026% | $215K | $34K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07553 | +0.040% | $649K | $429K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07545 | −0.066% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
Bybit MEUSDT
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07558 | +0.103% | $11K | $2K | — | as long as short |
| BloFin ME-USDTlong | +0.0152% | 4h | 0.07550 | long leg | $107K | $9K | 50x | |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07542 | −0.108% | $27K | — | 15x | as long as short |
Variational Omni ME
Reya MERUSDPERP