Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against OKX+0.358%53s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as 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−$870.868% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.358%, 7d avg +0.041%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.317% dearer against OKX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.041%. The two prices were read 53 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 | OKX MMT-USDT-SWAP | 0.1677 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $1.7M | $2.5M | 20x |
| Short | BloFin MMT-USDT | 0.1683 | 0.0145 | get 0.0073% / 4h | 1h 32m | $391K | $9K | 50x |
OKX MMT-USDT-SWAP
BloFin MMT-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
- $9.5
- Price spread: +0.358% → +0.041%
- $31.68
- Slippage, 4 orders
- −$64.79
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.61
- Costs to cover
- 0.868%
- Break-even
- 40.6 days
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 8 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, 5 min ago | 2.99 bp | 18.7 bp −$19 | 99.7 bp −$997 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 2.98 bp | 29.0 bp −$29 | 72.3 bp −$723 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MMTUSDT | +0.0100% | 4h | 0.1682 | +0.289% | $4K | $31K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1681 | +0.239% | $5.5M | $4.1M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1680 | +0.179% | $1.5M | $807K | 25x | as long as short |
| OKX MMT-USDT-SWAPlong | +0.0100% | 4h | 0.1677 | long leg | $1.7M | $2.5M | 20x | |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1682 | +0.298% | $492K | $153K | 20x | as long as short |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1682 | +0.316% | $609K | $90K | 50x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1681 | +0.239% | $1.4M | $471K | 50x | as long as short |
| BingX MMT-USDT | +0.0100% | 4h | 0.1681 | +0.239% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1679 | +0.100% | $382 | $5K | — | as long as short |
| BloFin MMT-USDTshort | +0.0145% | 4h | 0.1683 | +0.358% | $391K | $9K | 50x |
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 | +0.0737% | 8h | 0.1681 | +0.239% | $564K | $223K | 50x | as long as short |
Gate MMT_USDT