Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BloFin+0.021%73s7-day average −0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as 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−$900.905% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.021%, 7d avg −0.076%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.098% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.076%. The two prices were read 73 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 IOTA-USDT | 0.04717 | 0.0083 | pay 0.0083% / 8h | 2h 23m | $165K | $42K | 75x |
| Short | OKX IOTA-USDT-SWAP | 0.04718 | 0.0100 | get 0.0100% / 8h | 2h 23m | $550K | $1.4M | 20x |
BloFin IOTA-USDT
OKX IOTA-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
- $3.55
- Price spread: +0.021% → −0.076%
- $9.76
- Slippage, 4 orders
- −$68.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$77.16
- Costs to cover
- 0.905%
- Break-even
- 159.3 days
Slippage from BloFin: live order book, 56 min ago; OKX: live order book, 3 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, 56 min ago | 3.13 bp | 20.3 bp −$20 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 4.25 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
IOTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDTlong | +0.0083% | 8h | 0.04717 | long leg | $165K | $42K | 75x | |
| Kraken Futures PF_IOTAUSD | +0.0085% | 1h | 0.04718 | +0.025% | $19K | $13K | 10x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04721 | +0.087% | $887K | $330K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04727 | +0.209% | $3.4M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04722 | +0.106% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAPshort | +0.0100% | 8h | 0.04718 | +0.021% | $550K | $1.4M | 20x | |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04716 | −0.021% | $814K | $260K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04728 | +0.233% | $569K | $174K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04727 | +0.212% | $1.8M | $724K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04723 | +0.127% | — | $2.3M | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04707 | −0.207% | $49K | $31K | — | as long as short |
| KuCoin IOTAUSDTM | +0.1030% | 8h | 0.04733 | +0.339% | $2.7M | $235K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM