NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against OKX+0.159%73s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as 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−$930.931% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.159%, 7d avg +0.030%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.129% dearer against OKX than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of +0.030%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.3 days. At the pace of the last 7 days (−0.034% in total) that is about 27 days. 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	OKX NOT-USDT-SWAP	0.0005034	0.0100	pay 0.0050% / 4h	1h 10m	$612K	$584K	20x
Short	BloFin NOT-USDT	0.0005042	0.0048	get 0.0024% / 4h	1h 10m	$110K	$17K	50x

Funding 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 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.159%Rate

Funding earned: −$10.95
Price spread: +0.159% → +0.030%: $12.92
Slippage, 4 orders: −$71.05
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$91.08
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; BloFin: live order book, 62 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, 6 min ago	1.99 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 62 min ago	1.99 bp	18.5 bp −$18	53.8 bp −$538	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	−0.0144%	4h	0.0005030	−0.073%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.178%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTshort	+0.0048%	4h	0.0005042	+0.159%	$110K	$17K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005049	+0.298%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.119%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005039	+0.101%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005037	+0.052%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005034	0.000%	$2.1M	$815K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005034	long leg	$612K	$584K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005038	+0.079%	$140K	$79K	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	0.0005038	+0.079%	$1.4M	$471K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005031	−0.060%	$467K	$133K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005039	+0.099%	$662K	$387K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005037	+0.060%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005036	+0.043%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6213%	1h	0.0005031	−0.062%	$49K	$10K	10x	as long as short