SLX

Funding pays, the price is against you. BloFin is 0.794% cheaper against OKX than usual: you would sell low and buy high (spread −0.803% now, against its 7-day average of −0.009%). If the spread goes back, that is −$79 on $10k: about 6.6 days of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.