Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against OKX−0.084%7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$940.939% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.084%, 7d avg +0.085%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.169% cheaper against OKX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.085%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX IOTA-USDT-SWAP | 0.04779 | 0.0100 | pay 0.0100% / 8h | 5h 02m | $559K | $1.4M | 20x |
| Short | BloFin IOTA-USDT | 0.04775 | 0.0089 | get 0.0089% / 8h | 5h 02m | $170K | $43K | 75x |
OKX IOTA-USDT-SWAP
BloFin IOTA-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
- −$2.29
- Price spread: −0.084% → +0.085%
- −$16.89
- Slippage, 4 orders
- −$71.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$113.06
- Costs to cover
- 0.939%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; BloFin: live order book, 34 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, 4 min ago | 3.14 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 2.09 bp | 22.3 bp −$22 | 52.6 bp −$526 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | −0.0196% | 1h | 0.04783 | +0.077% | $18K | $12K | 10x | as long as short |
| BloFin IOTA-USDTshort | +0.0089% | 8h | 0.04775 | −0.084% | $170K | $43K | 75x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04785 | +0.117% | $897K | $400K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04782 | +0.063% | $3.5M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04779 | 0.000% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAPlong | +0.0100% | 8h | 0.04779 | long leg | $559K | $1.4M | 20x | |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04775 | −0.084% | $829K | $266K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04782 | +0.063% | $583K | $177K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04782 | +0.063% | $1.7M | $710K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04773 | −0.126% | — | $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 | 0.04776 | −0.061% | $38K | $36K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0897% | 8h | 0.04789 | +0.209% | $2.7M | $241K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM