Funding you earn now, next payment 12:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against BloFin−0.392%103s7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as 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−$1931.929% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.593%+$59 · spread now −0.392%, 7d avg −0.145%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.246% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.145%). Swap the legs. 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 | BloFin YB-USDT | 0.08936 | 0.0115 | pay 0.0058% / 4h | 51m 25s | $103K | $13K | 20x |
| Short | OKX YB-USDT-SWAP | 0.08901 | 0.0100 | get 0.0050% / 4h | 51m 25s | $408K | $249K | 20x |
BloFin YB-USDT
OKX YB-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
- −$3.25
- Price spread: −0.392% → −0.145%
- −$24.62
- Slippage, 4 orders
- −$170.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$220.76
- Costs to cover
- 1.929%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 38 min ago; OKX: live order book, 52 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, 38 min ago | 7.27 bp | 35.5 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 52 min ago | 3.34 bp | 50.5 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
YB on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster YBUSDT | +0.0100% | 4h | 0.08926 | −0.112% | $7K | $2K | 5x | as long as short |
| Binance YBUSDT | +0.0100% | 4h | 0.08927 | −0.099% | $2.1M | $1.2M | 20x | as long as short |
| Bybit YBUSDT | +0.0100% | 4h | 0.08917 | −0.213% | $590K | $115K | 25x | as long as short |
| OKX YB-USDT-SWAPshort | +0.0100% | 4h | 0.08901 | −0.392% | $408K | $249K | 20x | |
| Gate YB_USDT | +0.0100% | 4h | 0.08940 | +0.045% | $102K | $21K | 20x | as long as short |
| MEXC YB_USDT | +0.0100% | 4h | 0.08900 | −0.403% | $628K | $121K | 50x | as long as short |
| KuCoin YBUSDTM | +0.0100% | 4h | 0.08930 | −0.067% | $181K | $61K | 20x | as long as short |
| Bitget YBUSDT | +0.0100% | 4h | 0.08931 | −0.056% | $543K | $23K | 10x | as long as short |
| BingX YB-USDT | +0.0100% | 4h | 0.08917 | −0.213% | — | $6.5M | — | as long as short |
| Variational Omni YB | +0.0100% | 4h | 0.08935 | −0.015% | $3K | $2K | — | as long as short |
Aster YBUSDT
Binance YBUSDT
Bybit YBUSDT
Gate YB_USDT
MEXC YB_USDT
KuCoin YBUSDTM
Bitget YBUSDT
BingX YB-USDT
Variational Omni YBShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX YB-USDT | +0.0100% | 4h | 0.09120 | +2.059% | $1K | $1.4M | 20x | as long as short |
| BloFin YB-USDTlong | +0.0115% | 4h | 0.08936 | long leg | $103K | $13K | 20x |
SunX YB-USDT