Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against BloFin−0.175%53s7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$740.741% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)+0.119%+$12 · spread now −0.175%, 7d avg −0.053%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.122% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.053%). Swap the legs. The two prices were read 53 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 ME-USDT | 0.07421 | 0.0113 | pay 0.0056% / 4h | 40m 21s | $107K | $7K | 50x |
| Short | OKX ME-USDT-SWAP | 0.07408 | 0.0100 | get 0.0050% / 4h | 40m 21s | $477K | $1.0M | 20x |
BloFin ME-USDT
OKX ME-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
- −$2.68
- Price spread: −0.175% → −0.053%
- −$12.25
- Slippage, 4 orders
- −$52.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$89
- Costs to cover
- 0.741%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 19 min ago; OKX: live order book, 1 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, 19 min ago | 2.04 bp | 13.4 bp −$13 | 59.4 bp −$594 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 4.05 bp | 17.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
ME 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ME | +0.0100% | 1h | 0.07406 | −0.202% | $233K | $96K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07421 | −0.002% | $17K | $11K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07411 | −0.136% | $2.1M | $3.9M | 50x | as long as short |
| Bybit MEUSDT | +0.0100% | 4h | 0.07418 | −0.040% | $1.5M | $649K | 25x | as long as short |
| OKX ME-USDT-SWAPshort | +0.0100% | 4h | 0.07408 | −0.175% | $477K | $1.0M | 20x | |
| Gate ME_USDT | +0.0100% | 8h | 0.07420 | −0.013% | $190K | $74K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07413 | −0.108% | $503K | $129K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07418 | −0.040% | $207K | $25K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07417 | −0.054% | $645K | $416K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07420 | −0.013% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
Bybit MEUSDT
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07420 | −0.019% | $11K | $790 | — | as long as short |
| BloFin ME-USDTlong | +0.0113% | 4h | 0.07421 | long leg | $107K | $7K | 50x | |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07408 | −0.180% | $26K | — | 15x | as long as short |
Variational Omni ME
Reya MERUSDPERP