S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.104%

Price spread now: BloFin against OKX+0.470%73s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$1121.116% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.436%+$44 on $10k

Price spread, last 4 days (all we have)−0.623%−$62 · spread now +0.470%, 7d avg +0.009%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.461% dearer against OKX than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 73 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 S-USDT-SWAP	0.04040	0.0100	pay 0.0050% / 4h	1h 53m	$1.0M	$3.8M	20x
Short	BloFin S-USDT	0.04059	0.0340	get 0.0170% / 4h	1h 53m	$278K	$117K	75x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BloFinbpOrdersPrice spread, now +0.470%Rate

Funding earned: $50.4
Price spread: +0.470% → +0.009%: $46.15
Slippage, 4 orders: −$89.62
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.07
Costs to cover: 1.116%
Break-even: 9.1 days

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 30 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	2.45 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	9.95 bp	21.5 bp −$21	62.0 bp −$620	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.9608%	1h	0.03940	−2.475%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2387%	1h	0.04039	−0.020%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.955%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04041	+0.022%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04039	−0.028%	$4	—	15x	as long as short
Variational Omni S	−0.0018%	4h	0.04059	+0.477%	$631K	$25K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04041	+0.013%	$623	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.485%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0085%	4h	0.04041	+0.025%	$100K	$570K	10x	as long as short
Lighter S	+0.0096%	1h	0.04045	+0.124%	$173K	$139K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04040	−0.012%	$1.0M	$596K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04040	+0.004%	$48K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04040	+0.011%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04035	−0.124%	$5.8M	$4.2M	50x	as long as short
OKX S-USDT-SWAPlong	+0.0100%	4h	0.04040	long leg	$1.0M	$3.8M	20x
Gate S_USDT	+0.0100%	4h	0.04035	−0.124%	$328K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04040	0.000%	$4.0M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04040	0.000%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04041	+0.025%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04038	−0.050%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04080	+0.990%	$24K	$490K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04038	−0.052%	$227K	$592K	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.04059	+0.470%	$278K	$117K	75x
Deribit S_USDC-PERPETUAL	+0.0740%	1h	0.04044	+0.099%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1774%	1h	0.04050	+0.248%	$118K	$426K	5x	as long as short