Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.050%
Price spread now: BloFin against OKX−0.418%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1431.430% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.418%, 7d avg +0.052%
=Funding pays, the price is against you. BloFin is 0.469% cheaper against OKX than usual: you would sell low and buy high (spread −0.418% now, against its 7-day average of +0.052%). If the spread goes back, that is −$47 on $10k: about 6.5 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.050% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 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 POPCAT-USDT-SWAP | 0.05746 | 0.0100 | pay 0.0050% / 4h | 54m 32s | $699K | $1.7M | 20x |
| Short | BloFin POPCAT-USDT | 0.05722 | 0.0340 | get 0.0170% / 4h | 54m 32s | $133K | $361K | 50x |
OKX POPCAT-USDT-SWAP
BloFin POPCAT-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
- $50.4
- Price spread: −0.418% → +0.052%
- −$46.95
- Slippage, 4 orders
- −$120.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$139.51
- Costs to cover
- 1.430%
- Break-even
- 26.4 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 26 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 | 7.00 bp | 42.9 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 11.26 bp | 29.2 bp −$29 | 55.3 bp −$553 | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.5000% | 1h | 0.05666 | −1.392% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05749 | +0.061% | $1 | — | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0161% | 1h | 0.05729 | −0.293% | $154K | $161K | 20x | as long as short |
| Variational Omni POPCAT | +0.0062% | 4h | 0.05705 | −0.715% | $490K | $181K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05737 | −0.157% | $102K | $59K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05754 | +0.135% | $2.6M | $8.0M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05740 | −0.104% | $9.1M | $7.5M | 50x | as long as short |
| OKX POPCAT-USDT-SWAPlong | +0.0100% | 4h | 0.05746 | long leg | $699K | $1.7M | 20x | |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05749 | +0.052% | $443K | $543K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05746 | 0.000% | $1.9M | $1.0M | 200x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Kraken Futures PF_POPCATUSD
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05738 | −0.139% | $1.1M | $1.0M | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05749 | +0.052% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05744 | −0.035% | — | $6.9M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05720 | −0.452% | $22K | $659K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05749 | +0.049% | $93K | $372K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0130% | 4h | 0.05727 | −0.331% | $249K | $515K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05722 | −0.418% | $133K | $361K | 50x | |
| Hyperliquid POPCAT | +0.0579% | 1h | 0.05755 | +0.162% | $2.7M | $1.4M | 3x | as long as short |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Hyperliquid POPCAT