VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: OKX against BloFin−0.139%53s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as 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−$490.491% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.423%−$42 on $10k

Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.139%, 7d avg +0.019%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.158% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.019%). Swap the legs. The two prices were read 53 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	BloFin VIRTUAL-USDT	0.7173	0.0340	pay 0.0170% / 4h	3h 12m	$797K	$951K	75x
Short	OKX VIRTUAL-USDT-SWAP	0.7163	0.0100	get 0.0050% / 4h	3h 12m	$2.8M	$9.9M	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 −0.139%Rate

Funding earned: −$50.4
Price spread: −0.139% → +0.019%: −$15.83
Slippage, 4 orders: −$27.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$115.36
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from BloFin: live order book, 20 min ago; OKX: live order book, 6 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, 20 min ago	4.17 bp	10.4 bp −$10	15.4 bp −$154	62.8 bp −$6,279	doesn't fit
Sell OKX live order book, 6 min ago	0.69 bp	12.4 bp −$12	39.7 bp −$397	doesn't fit	doesn't fit

VIRTUAL on 33 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 VIRTUAL	−0.0216%	1h	0.7167	−0.077%	$326K	$406K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0152%	1h	0.7165	−0.112%	$2K	$106	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7163	−0.142%	$24	—	10x	as long as short
SoDEX VIRTUAL-USD	−0.0029%	1h	0.7176	+0.040%	$1K	$9K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0028%	1h	0.7179	+0.084%	$15K	$40K	10x	as long as short
Phoenix VIRTUAL	−0.0022%	1h	0.7186	+0.176%	$11K	$37K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7165	−0.111%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.781%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0084%	4h	0.7161	−0.167%	$14K	$1.4M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7175	+0.025%	$8.8M	$4.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7168	−0.073%	$94K	$299K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7175	+0.028%	$71K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7160	−0.181%	$16.2M	$41.1M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7158	−0.209%	$16.5M	$18.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAPshort	+0.0100%	4h	0.7163	−0.139%	$2.8M	$9.9M	20x
Gate VIRTUAL_USDT	+0.0100%	4h	0.7164	−0.125%	$1.5M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7164	−0.125%	$16.1M	$4.8M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7173	0.000%	$3.0M	$4.3M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7167	−0.084%	$6.1M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7164	−0.125%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7182	+0.125%	$238K	$214K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7178	+0.073%	$537K	$909K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7180	+0.102%	$19K	$262K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7179	+0.078%	$638K	$974K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7194	+0.293%	$41K	$238K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7165	−0.109%	$53K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7176	+0.042%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7167	−0.088%	$55K	$234K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7176	+0.038%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7165	−0.113%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDTlong	+0.0340%	4h	0.7173	long leg	$797K	$951K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7200	+0.376%	$201K	$104K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0487%	1h	0.7186	+0.184%	$589K	$669K	50x	as long as short