Funding you earn now, next payment 00:00 UTC−0.0499%/8h= −54.7% APRnext payment −$2.50 per $10,000 · paid last 24h −0.126%
Price spread now: OKX against BloFin0.000%7-day average −0.060% · 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−$67as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 3 days (all we have)−0.160%−$16 · spread now 0.000%, 7d avg −0.060%
=The price spread pays, funding is against you. OKX is 0.060% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.060%): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.227% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RIVER-USDT | 1.2660 | 0.0599 | pay 0.0300% / 4h | 1h 10m | $418K | $33K | 50x |
| Short | OKX RIVER-USDT-SWAP | 1.2660 | 0.0100 | get 0.0050% / 4h | 1h 10m | $2.0M | $3.8M | 20x |
BloFin RIVER-USDT
OKX RIVER-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
- −$104.84
- Price spread: 0.000% → −0.060%
- $6.02
- Slippage, 4 orders
- −$51.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$172.2
- Costs to cover
- 0.734%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 2 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, 5 min ago | 3.96 bp | 21.5 bp −$21 | 53.8 bp −$538 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.95 bp | 19.2 bp −$19 | 91.8 bp −$918 | doesn't fit | doesn't fit |
RIVER 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2670 | +0.079% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAPshort | +0.0100% | 4h | 1.2660 | 0.000% | $2.0M | $3.8M | 20x | |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2660 | 0.000% | $2.4M | $2.1M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2660 | 0.000% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2640 | −0.158% | $1K | $962K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2680 | +0.158% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0204% | 4h | 1.2660 | 0.000% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0380% | 4h | 1.2650 | −0.079% | $420K | $109K | 20x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0562% | 1h | 1.2671 | +0.088% | $58K | $62K | 10x | as long as short |
| Aster RIVERUSDT | +0.0563% | 4h | 1.2650 | −0.081% | $73K | $29K | 10x | as long as short |
Lighter RIVER
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Gate RIVER_USDT
Kraken Futures PF_RIVERUSD
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RIVER-USDTlong | +0.0599% | 4h | 1.2660 | long leg | $418K | $33K | 50x | |
| MEXC RIVER_USDT | +0.0636% | 4h | 1.2670 | +0.079% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0637% | 4h | 1.2675 | +0.117% | $6.1M | $10.3M | 50x | as long as short |
| Variational Omni RIVER | +0.1144% | 4h | 1.2608 | −0.407% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1412% | 4h | 1.2670 | +0.079% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1443% | 4h | 1.2660 | 0.000% | $3.8M | $1.7M | 25x | as long as short |
MEXC RIVER_USDT
Binance RIVERUSDT
Variational Omni RIVER
BingX RIVER-USDT
Bybit RIVERUSDT