Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.27 per $10,000 · paid last 24h +0.025%
Price spread now: BloFin against OKX+0.009%113s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as 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−$250.252% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.009%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.032% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you. The two prices were read 113 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 AAPL-USDT-SWAP | 339.69 | 0 | get 0.0000% / 8h | 1h 55m | $6.3M | $6.9M | 25x |
| Short | BloFin AAPL-USDT | 339.72 | −0.0027 | pay 0.0027% / 8h | 1h 55m | $340K | $168K | 20x |
Funding 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
- −$5.66
- Price spread: +0.009% → +0.041%
- −$3.18
- Slippage, 4 orders
- −$3.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$34.02
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 30 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 | 0.15 bp | 6.0 bp −$6 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 0.15 bp | 6.2 bp −$6 | 7.9 bp −$79 | 22.2 bp −$2,222 | doesn't fit |
AAPL 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0382% | 4h | 339.70 | +0.002% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0064% | 1h | 339.49 | −0.060% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDTshort | −0.0027% | 8h | 339.72 | +0.009% | $340K | $168K | 20x | |
| Aster AAPLUSDT | 0.0000% | 8h | 339.54 | −0.045% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.53 | −0.046% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.65 | −0.012% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.62 | −0.021% | $7.0M | $101.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAPlong | 0.0000% | 8h | 339.69 | long leg | $6.3M | $6.9M | 25x | |
| Gate AAPL_USDT | 0.0000% | 8h | 339.39 | −0.088% | $3.0M | $4.9M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.72 | +0.009% | $6.2M | $3.5M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.65 | −0.010% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.66 | −0.008% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.64 | −0.015% | $951 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.51 | −0.053% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.77 | +0.024% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.74 | +0.015% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.62 | −0.021% | $3.2M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.55 | −0.041% | $660K | $657K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.52 | −0.049% | $908K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.52 | −0.050% | $945K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.55 | −0.041% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.44 | −0.074% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.67 | −0.006% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.56 | −0.038% | $280K | $416K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.55 | −0.041% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.44 | −0.074% | $1.3M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0066% | 1h | 339.59 | −0.029% | $40.6M | $76.6M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.35 | −0.100% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.47 | −0.065% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.54 | −0.044% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.52 | −0.051% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.77 | +0.024% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.52 | −0.050% | $191K | $44K | 30x | as long as short |
OKX AAPL-USDT-SWAP
BloFin AAPL-USDT
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Phoenix AAPL
Injective AAPL/USDC PERP