Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.04 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against BloFin−0.021%53s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as 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−$910.914% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.021%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.058% cheaper against BloFin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.037%. 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 ESP-USDT | 0.09506 | 0.0109 | pay 0.0054% / 4h | 1h 00m | $127K | $34K | 25x |
| Short | OKX ESP-USDT-SWAP | 0.09504 | 0.0100 | get 0.0050% / 4h | 1h 00m | $602K | $1.1M | 20x |
BloFin ESP-USDT
OKX ESP-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
- −$1.88
- Price spread: −0.021% → +0.037%
- −$5.78
- Slippage, 4 orders
- −$69.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$99.07
- Costs to cover
- 0.914%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 1.58 bp | 16.4 bp −$16 | 39.3 bp −$393 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 3.16 bp | 26.3 bp −$26 | 992.1 bp −$9,921 | doesn't fit | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09502 | −0.046% | $7K | $17K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09497 | −0.095% | $2.4M | $4.1M | 25x | as long as short |
| OKX ESP-USDT-SWAPshort | +0.0100% | 4h | 0.09504 | −0.021% | $602K | $1.1M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09506 | 0.000% | $186K | $617K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09497 | −0.095% | $1.3M | $133K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09518 | +0.126% | $1.5M | $41K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09501 | −0.052% | $955K | $135K | 20x | as long as short |
| BloFin ESP-USDTlong | +0.0109% | 4h | 0.09506 | long leg | $127K | $34K | 25x | |
| edgeX ESPUSDC | +0.0113% | 4h | 0.09507 | +0.007% | $29K | $268K | 10x | as long as short |
| Bybit ESPUSDT | +0.1046% | 4h | 0.09480 | −0.274% | $1.1M | $649K | 50x | as long as short |
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
Bybit ESPUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.1084% | 4h | 0.09497 | −0.095% | — | $1.7M | — | as long as short |
BingX ESP-USDT