Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against OKX−0.169%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1661.659% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.169%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.196% cheaper against OKX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INIT-USDT-SWAP | 0.08275 | 0.0100 | pay 0.0050% / 4h | 22m 29s | $139K | $666K | 10x |
| Short | BloFin INIT-USDT | 0.08261 | 0.0091 | get 0.0046% / 4h | 22m 29s | $151K | $112K | 25x |
OKX INIT-USDT-SWAP
BloFin INIT-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
- −$1.81
- Price spread: −0.169% → +0.027%
- −$19.62
- Slippage, 4 orders
- −$143.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$187.37
- Costs to cover
- 1.659%
- Break-even
- never at this rate
Slippage from OKX: live order book, 33 min ago; BloFin: live order book, 7 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, 33 min ago | 10.24 bp | 49.8 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 4.23 bp | 31.0 bp −$31 | 72.7 bp −$727 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5671% | 1h | 0.08227 | −0.578% | $3K | $19K | 10x | as long as short |
| BloFin INIT-USDTshort | +0.0091% | 4h | 0.08261 | −0.169% | $151K | $112K | 25x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08264 | −0.128% | $305K | $230K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08267 | −0.101% | $27K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08264 | −0.133% | $3.3M | $3.8M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08258 | −0.205% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAPlong | +0.0100% | 4h | 0.08275 | long leg | $139K | $666K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08260 | −0.181% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08266 | −0.109% | $444K | $211K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08267 | −0.097% | $323K | $57K | 25x | as long as short |
Kraken Futures PF_INITUSD
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08263 | −0.145% | $428K | $307K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08264 | −0.133% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08255 | −0.242% | $26K | $23K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT