Funding you earn now, next payment 16:00 UTC−0.0267%/8h= −29.3% APRnext payment −$2.67 per $10,000 · paid last 24h −0.064%
Price spread now: OKX against BloFin−0.071%63s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as 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−$240.236% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)+0.309%+$31 · spread now −0.071%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.066% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 63 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 -0.173% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NVDA-USDT | 226.23 | 0.0267 | pay 0.0267% / 8h | 7h 26m | $713K | $199K | 20x |
| Short | OKX NVDA-USDT-SWAP | 226.07 | 0 | get 0.0000% / 8h | 7h 26m | $14.1M | $20.4M | 50x |
BloFin NVDA-USDT
OKX NVDA-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
- −$56.11
- Price spread: −0.071% → −0.005%
- −$6.59
- Slippage, 4 orders
- −$1.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$86.26
- Costs to cover
- 0.236%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 50 min ago; OKX: live order book, 2 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, 50 min ago | 0.22 bp | 6.2 bp −$6 | 8.0 bp −$80 | 15.9 bp −$1,590 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.22 bp | 5.3 bp −$5 | 7.1 bp −$71 | 20.2 bp −$2,017 | doesn't fit |
NVDA on 35 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.0160% | 1h | 226.00 | −0.102% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.05 | −0.080% | $12.5M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAPshort | 0.0000% | 8h | 226.07 | −0.071% | $14.1M | $20.4M | 50x | |
| Gate NVDA_USDT | 0.0000% | 8h | 226.05 | −0.080% | $7.2M | $10.0M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.11 | −0.053% | $15.8M | $15.9M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.20 | −0.013% | $21K | $429K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 225.77 | −0.203% | $3K | $3.5M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 226.02 | −0.093% | $53K | $1.9M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.28 | +0.022% | $198K | $437K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.38 | +0.066% | $2.2M | $41K | 10x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 225.99 | −0.108% | $117K | $52K | 10x | as long as short |
| Lighter NVDA | +0.0032% | 1h | 226.04 | −0.084% | $2.1M | $3.2M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0032% | 1h | 225.95 | −0.122% | $640K | $874K | 10x | as long as short |
| Lighter RH NVDA | +0.0040% | 1h | 226.22 | −0.004% | $5.1M | $7.1M | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.07 | −0.071% | $391K | $738K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.27 | +0.018% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 225.97 | −0.115% | $146.7M | $43.5M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 225.95 | −0.124% | $390K | $240K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.00 | −0.102% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 225.93 | −0.133% | $1.6M | $1.9M | 15x | as long as short |
| Nado NVDA-PERP | +0.0052% | 1h | 226.03 | −0.090% | $480K | $222K | 20x | as long as short |
| Aster NVDAUSDT | +0.0061% | 8h | 226.11 | −0.052% | $483K | $544K | 20x | as long as short |
| QFEX NVDA-USD | +0.0072% | 1h | 226.09 | −0.062% | $1.3M | $9.1M | 10x | as long as short |
| Variational Omni NVDA | +0.0095% | 8h | 226.20 | −0.014% | $3.2M | $2.5M | — | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 225.97 | −0.114% | $297K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.13 | −0.044% | $1.6M | $986K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.07 | −0.071% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.08 | −0.066% | $36K | $20K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0120% | 1h | 226.09 | −0.061% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0136% | 1h | 226.00 | −0.102% | $1.3M | $683K | 10x | as long as short |
| Binance NVDAUSDT | +0.0147% | 8h | 226.12 | −0.049% | $155.0M | $221.7M | 50x | as long as short |
| Phoenix NVDA | +0.0212% | 1h | 225.96 | −0.119% | $93K | $83K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.54 | +0.137% | $73K | $137 | 30x | as long as short |
| BloFin NVDA-USDTlong | +0.0267% | 8h | 226.23 | long leg | $713K | $199K | 20x | |
| edgeX NVDAUSDC | +0.0758% | 4h | 226.15 | −0.036% | $171K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Lighter NVDA
Extended NVDA_24_5-USD
Lighter RH NVDA
Arcus NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Aster NVDAUSDT
QFEX NVDA-USD
Variational Omni NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Phoenix NVDA
Injective NVDA/USDC PERP
edgeX NVDAUSDC