Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.104%
Price spread now: BloFin against OKX−0.298%103s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as 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−$960.964% of the position
Funding, last 7 days+0.427%+$43 on $10k
+Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.298%, 7d avg −0.001%
=Funding pays, the price is against you. BloFin is 0.298% cheaper against OKX than usual: you would sell low and buy high (spread −0.298% now, against its 7-day average of −0.001%). If the spread goes back, that is −$30 on $10k: about 4.1 days of funding at the current rate (+$7 a day). The two prices were read 103 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 S-USDT-SWAP | 0.04023 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $1.0M | $4.4M | 20x |
| Short | BloFin S-USDT | 0.04011 | 0.0340 | get 0.0170% / 4h | 2h 49m | $272K | $121K | 75x |
OKX S-USDT-SWAP
BloFin S-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
- $50.4
- Price spread: −0.298% → −0.001%
- −$29.78
- Slippage, 4 orders
- −$74.39
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.76
- Costs to cover
- 0.964%
- Break-even
- 17.5 days
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 12 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, 3 min ago | 5.00 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 1.25 bp | 19.7 bp −$20 | 44.2 bp −$442 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.5896% | 1h | 0.03840 | −4.549% | $24K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1464% | 1h | 0.03946 | −1.914% | $49K | $5K | 25x | as long as short |
| Kraken Futures PF_SUSD | −0.1258% | 1h | 0.04026 | +0.085% | $34K | $23K | 10x | as long as short |
| Variational Omni S | −0.0587% | 4h | 0.04005 | −0.438% | $623K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04018 | −0.114% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04015 | −0.195% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04018 | −0.123% | $619 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.914% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0039% | 4h | 0.04018 | −0.124% | $101K | $334K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04022 | −0.025% | $165K | $165K | 5x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04022 | −0.035% | $1.0M | $610K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04022 | −0.031% | $44K | $137K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04020 | −0.075% | $5.5M | $15.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04019 | −0.099% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAPlong | +0.0100% | 4h | 0.04023 | long leg | $1.0M | $4.4M | 20x | |
| Gate S_USDT | +0.0100% | 4h | 0.04021 | −0.050% | $331K | $199K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04020 | −0.075% | $3.8M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04022 | −0.025% | $1.9M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04022 | −0.025% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04021 | −0.050% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04000 | −0.572% | $26K | $448K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04020 | −0.074% | $226K | $1.1M | 10x | as long as short |
| BloFin S-USDTshort | +0.0340% | 4h | 0.04011 | −0.298% | $272K | $121K | 75x | |
| Backpack S_USDC_PERP | +0.0829% | 1h | 0.04030 | +0.174% | $117K | $333K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0994% | 1h | 0.04025 | +0.050% | $68K | $10K | 10x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP
Deribit S_USDC-PERPETUAL