Funding you earn now, next payment 04:00 UTC−0.0524%/8h= −57.4% APRnext payment −$2.62 per $10,000 · paid last 24h −0.165%
Price spread now: BloFin against OKX−0.173%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 3 days (all we have)+0.320%+$32 · spread now −0.173%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BloFin is 0.155% cheaper against OKX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LA-USDT-SWAP | 0.07514 | −0.0205 | get 0.0103% / 4h | 3h 04m | $1.4M | $3.1M | 20x |
| Short | BloFin LA-USDT | 0.07501 | −0.0729 | pay 0.0365% / 4h | 3h 04m | $248K | $20K | 25x |
OKX LA-USDT-SWAP
BloFin LA-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
- −$110.03
- Price spread: −0.173% → −0.018%
- −$15.5
- Slippage, 4 orders
- −$54.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$201.73
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 61 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, 2 min ago | 2.67 bp | 25.9 bp −$26 | 501.3 bp −$5,013 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 2.00 bp | 12.1 bp −$12 | 25.5 bp −$255 | doesn't fit | doesn't fit |
LA 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LA_USDT | −0.1214% | 4h | 0.07509 | −0.067% | $242K | $830K | 50x | as long as short |
| Aster LAUSDT | −0.0814% | 4h | 0.07516 | +0.033% | $52K | $24K | 5x | as long as short |
| BloFin LA-USDTshort | −0.0729% | 4h | 0.07501 | −0.173% | $248K | $20K | 25x | |
| KuCoin LAUSDTM | −0.0712% | 4h | 0.07495 | −0.253% | $1.0M | $82K | 30x | as long as short |
| Binance LAUSDT | −0.0709% | 4h | 0.07519 | +0.067% | $4.7M | $9.5M | 25x | as long as short |
| MEXC LA_USDT | −0.0674% | 4h | 0.07509 | −0.067% | $397K | $140K | 50x | as long as short |
| Bitget LAUSDT | −0.0654% | 4h | 0.07508 | −0.080% | $2.1M | $531K | 25x | as long as short |
| BingX LA-USDT | −0.0624% | 4h | 0.07519 | +0.067% | — | $6.6M | — | as long as short |
| Bybit LAUSDT | −0.0341% | 4h | 0.07521 | +0.093% | $2.5M | $2.6M | 25x | as long as short |
| OKX LA-USDT-SWAPlong | −0.0205% | 4h | 0.07514 | long leg | $1.4M | $3.1M | 20x |
Gate LA_USDT
Aster LAUSDT
KuCoin LAUSDTM
Binance LAUSDT
MEXC LA_USDT
Bitget LAUSDT
BingX LA-USDT
Bybit LAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07530 | +0.208% | $153K | $475K | 10x | as long as short |
GRVT LA_USDT_Perp