Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.162%
Price spread now: OKX against Bluefin−0.040%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days+0.274%+$27 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.040%, 7d avg +0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.059% cheaper against Bluefin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin BTC-PERP | 85,597.8 | 0.0100 | pay 0.0013% / 1h | 17m 56s | $207K | $737K | 40x |
| Short | OKX BTC-USDT-SWAP | 85,563.2 | 0.0100 | get 0.0100% / 8h | 3h 17m | $2.59B | $12.14B | 100x |
Bluefin BTC-PERP
OKX BTC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bluefin. 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
- $0
- Price spread: −0.040% → +0.019%
- −$5.89
- Slippage, 4 orders
- −$8.38
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$31.27
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 36 min ago; OKX: live order book, 1 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 Bluefin live order book, 36 min ago | 1.83 bp | 6.7 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.3 bp −$525 | 6.7 bp −$3,331 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,468 | −0.152% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,553 | −0.052% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0044% | 8h | 85,548.6 | −0.058% | $920.5M | $758.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0026% | 8h | 85,549.9 | −0.056% | $420.0M | $676.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,534.1 | −0.074% | $364K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,562.7 | −0.041% | $515.3M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,528.6 | −0.081% | $505K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0001% | 1h | 85,519.3 | −0.092% | $24.5M | $223.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,561.1 | −0.043% | $36.6M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0032% | 1h | 85,540 | −0.068% | $16.8M | $21.3M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | −0.054% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0054% | 1h | 85,550 | −0.056% | $59.9M | $336.0M | 40x | as long as short |
| BingX BTC-USDC | +0.0064% | 8h | 85,556.1 | −0.049% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,560.1 | −0.044% | $148.9M | $496.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,559.2 | −0.045% | $2.95B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0094% | 8h | 85,560.7 | −0.043% | $5.07B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0094% | 8h | 85,578.3 | −0.023% | $9.45B | $24.44B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,562.7 | −0.041% | $172.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,570.6 | −0.032% | $24.0M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,520 | −0.091% | $8.4M | $55.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,548.7 | −0.057% | $2.7M | $2.6M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,507 | −0.106% | $229K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,566.2 | −0.037% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,642 | +0.052% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,558.1 | −0.046% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,579.9 | −0.021% | $5.18B | $9.87B | 150x | as long as short |
| OKX BTC-USDT-SWAPshort | +0.0100% | 8h | 85,563.2 | −0.040% | $2.59B | $12.14B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,520 | −0.091% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,521.9 | −0.089% | $4.7M | $99.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,563.8 | −0.040% | $5.54B | $10.84B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,551.6 | −0.054% | $36.1M | $178.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,535 | −0.073% | $154.3M | $565.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,494.4 | −0.121% | $279.2M | $930.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,547.9 | −0.058% | $215.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,554.5 | −0.051% | $140.0M | $315.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,524.3 | −0.086% | $30.2M | $206.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,594.5 | −0.004% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,546 | −0.061% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,548.4 | −0.058% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,541.5 | −0.066% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERPlong | +0.0100% | 1h | 85,597.8 | long leg | $207K | $737K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,539.3 | −0.068% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,529.6 | −0.080% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,541.3 | −0.066% | $2.27B | $949.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,447 | −0.176% | $679.5M | $701.9M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0102% | 1h | 85,542.2 | −0.065% | $6.6M | $147.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,532.6 | −0.076% | $45.7M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,533.9 | −0.075% | — | $106.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,606.2 | +0.010% | $117.2M | $5.26B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0114% | 1h | 85,598.7 | +0.001% | $872.1M | $1.60B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,575.1 | −0.027% | $188.0M | $957.0M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,556.9 | −0.048% | $8.6M | $42.9M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0176% | 8h | 85,576 | −0.025% | $11.5M | $753.8M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,555.3 | −0.050% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,569.1 | −0.034% | $701K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0255% | 1h | 85,553 | −0.052% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Reya BTCRUSDPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD