Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against OKX+0.067%63s7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as 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−$960.962% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)+1.877%+$188 · spread now +0.067%, 7d avg +0.151%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.084% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.151%). Swap the legs. The two prices were read 63 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 | OKX MEGA-USDT-SWAP | 0.04508 | 0.0100 | pay 0.0050% / 4h | 24m 08s | $920K | $2.9M | 20x |
| Short | BloFin MEGA-USDT | 0.04511 | 0.0071 | get 0.0036% / 4h | 24m 08s | $196K | $77K | 50x |
OKX MEGA-USDT-SWAP
BloFin MEGA-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
- −$6.04
- Price spread: +0.067% → +0.151%
- −$8.44
- Slippage, 4 orders
- −$74.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.71
- Costs to cover
- 0.962%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 46 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, 3 min ago | 3.33 bp | 33.8 bp −$34 | 165.1 bp −$1,651 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 46 min ago | 3.35 bp | 15.7 bp −$16 | 62.3 bp −$623 | doesn't fit | doesn't fit |
MEGA on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04513 | +0.115% | $12K | — | 150x | as long as short |
| BloFin MEGA-USDTshort | +0.0071% | 4h | 0.04511 | +0.067% | $196K | $77K | 50x | |
| Nado MEGA-PERP | +0.0096% | 1h | 0.04515 | +0.155% | $195K | $135K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04513 | +0.111% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04504 | −0.089% | $18K | $83K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04514 | +0.140% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04515 | +0.151% | $3.9M | $12.9M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04512 | +0.089% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAPlong | +0.0100% | 4h | 0.04508 | long leg | $920K | $2.9M | 20x | |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04515 | +0.152% | $133K | $2K | 10x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04512 | +0.089% | $194K | $311K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04514 | +0.133% | $768K | $352K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04518 | +0.222% | $238K | $114K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04514 | +0.133% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04511 | +0.067% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04508 | +0.011% | $226K | $133K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04514 | +0.127% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04511 | +0.067% | $25K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04513 | +0.111% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04511 | +0.068% | $128K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04511 | +0.074% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04513 | +0.102% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0296% | 1h | 0.04490 | −0.390% | $5K | $12K | 50x | as long as short |
| Phoenix MEGA | +0.0355% | 1h | 0.04516 | +0.177% | $21K | $7K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0495% | 1h | 0.04516 | +0.177% | $18K | $41K | 5x | as long as short |
| Hyperliquid MEGA | +0.1129% | 1h | 0.04522 | +0.306% | $7.7M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1234% | 1h | 0.04520 | +0.275% | $109 | $15 | 25x | as long as short |
| Lighter MEGA | +0.1512% | 1h | 0.04535 | +0.599% | $638K | $319K | 3x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Phoenix MEGA
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA