Funding you earn now, next payment 12:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.004%
Price spread now: OKX against BloFin−0.179%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$900.901% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.179%, 7d avg −0.053%
=Funding pays, the price is against you. OKX is 0.126% cheaper against BloFin than usual: you would sell low and buy high (spread −0.179% now, against its 7-day average of −0.053%). If the spread goes back, that is −$13 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.032% in total) that is about 27 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MMT-USDT | 0.1673 | 0.0058 | pay 0.0029% / 4h | 3h 02m | $392K | $10K | 50x |
| Short | OKX MMT-USDT-SWAP | 0.1670 | 0.0100 | get 0.0050% / 4h | 3h 02m | $1.7M | $2.1M | 20x |
BloFin MMT-USDT
OKX MMT-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
- $8.74
- Price spread: −0.179% → −0.053%
- −$12.62
- Slippage, 4 orders
- −$68.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$94.01
- Costs to cover
- 0.901%
- Break-even
- 82.3 days
Slippage from BloFin: live order book, 8 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, 8 min ago | 3.00 bp | 19.3 bp −$19 | 66.1 bp −$661 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 3.00 bp | 21.2 bp −$21 | 115.0 bp −$1,150 | doesn't fit | doesn't fit |
MMT on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MMT-USDTlong | +0.0058% | 4h | 0.1673 | long leg | $392K | $10K | 50x | |
| Aster MMTUSDT | +0.0100% | 4h | 0.1671 | −0.135% | $3K | $25K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1673 | −0.030% | $5.5M | $3.7M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1671 | −0.126% | $1.5M | $685K | 25x | as long as short |
| OKX MMT-USDT-SWAPshort | +0.0100% | 4h | 0.1670 | −0.179% | $1.7M | $2.1M | 20x | |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1672 | −0.060% | $449K | $151K | 20x | as long as short |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1671 | −0.114% | $596K | $72K | 50x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1671 | −0.120% | $1.4M | $408K | 50x | as long as short |
| BingX MMT-USDT | +0.0100% | 4h | 0.1672 | −0.060% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1670 | −0.196% | $380 | $2K | — | as long as short |
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
MEXC MMT_USDT
KuCoin MMTUSDTM
Bitget MMTUSDT
BingX MMT-USDT
Variational Omni MMTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MMT_USDT | +0.1240% | 8h | 0.1671 | −0.120% | $564K | $246K | 50x | as long as short |
Gate MMT_USDT