Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against OKX+0.268%453s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as 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−$870.866% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.268%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.295% dearer against OKX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.028%. The two prices were read 453 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 ESP-USDT-SWAP | 0.09329 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $593K | $1.2M | 20x |
| Short | BloFin ESP-USDT | 0.09354 | 0.0135 | get 0.0068% / 4h | 2h 41m | $122K | $34K | 25x |
OKX ESP-USDT-SWAP
BloFin ESP-USDTFunding 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
- $7.42
- Price spread: +0.268% → −0.028%
- $29.55
- Slippage, 4 orders
- −$64.63
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$49.66
- Costs to cover
- 0.866%
- Break-even
- 53.8 days
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 9 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, 5 min ago | 1.07 bp | 26.5 bp −$27 | 535.0 bp −$5,350 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 0.53 bp | 25.5 bp −$26 | 52.4 bp −$524 | 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 | 0.09336 | +0.071% | $6K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09316 | −0.142% | $2.4M | $4.3M | 25x | as long as short |
| OKX ESP-USDT-SWAPlong | +0.0100% | 4h | 0.09329 | long leg | $593K | $1.2M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09324 | −0.054% | $174K | $605K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09319 | −0.107% | $1.2M | $117K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09330 | +0.011% | $1.5M | $50K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09324 | −0.058% | $937K | $157K | 20x | as long as short |
| edgeX ESPUSDC | +0.0115% | 4h | 0.09333 | +0.048% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDTshort | +0.0135% | 4h | 0.09354 | +0.268% | $122K | $34K | 25x | |
| BingX ESP-USDT | +0.0478% | 4h | 0.09317 | −0.129% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.0628% | 4h | 0.09300 | −0.311% | $1.1M | $620K | 50x | as long as short |
Bybit ESPUSDT