NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.007%

Price spread now: OKX against BloFin−0.060%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1181.180% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.060%, 7d avg −0.019%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.041% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NOT-USDT	0.0005019	0.0114	pay 0.0057% / 4h	2h 16m	$109K	$18K	50x
Short	OKX NOT-USDT-SWAP	0.0005016	0.0100	get 0.0050% / 4h	2h 16m	$638K	$703K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OKXbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$2.95
Price spread: −0.060% → −0.019%: −$4.12
Slippage, 4 orders: −$96.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$125.1
Costs to cover: 1.180%
Break-even: never at this rate

Slippage from BloFin: live order book, 61 min ago; OKX: live order book, 29 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, 61 min ago	4.94 bp	20.4 bp −$20	58.7 bp −$587	doesn't fit	doesn't fit
Sell OKX live order book, 29 min ago	2.98 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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 NOT	−0.0104%	4h	0.0004998	−0.416%	$71K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0036%	4h	0.0005018	−0.020%	$478K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.889%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005030	+0.217%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005010	−0.179%	$337K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005024	+0.108%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005018	−0.020%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005016	−0.060%	$2.1M	$893K	25x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005016	−0.060%	$638K	$703K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005021	+0.040%	$138K	$73K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005017	−0.040%	$1.3M	$450K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005021	+0.040%	$672K	$499K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005017	−0.040%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005018	−0.011%	$4K	—	5x	as long as short
BloFin NOT-USDTlong	+0.0114%	4h	0.0005019	long leg	$109K	$18K	50x
Kraken Futures PF_NOTUSD	+0.1683%	1h	0.0005033	+0.273%	$49K	$9K	10x	as long as short