Funding you earn now, next payment 04:00 UTC−0.0288%/8h= −31.5% APRnext payment −$1.44 per $10,000 · paid last 24h −0.026%
Price spread now: OKX against BloFin−0.075%53s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$740.744% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 3 days (all we have)+0.121%+$12 · spread now −0.075%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.083% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.168%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.44 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 | BloFin SLX-USDT | 0.06634 | 0.0707 | pay 0.0354% / 4h | 3h 02m | $167K | $3K | 25x |
| Short | OKX SLX-USDT-SWAP | 0.06629 | 0.0419 | get 0.0210% / 4h | 3h 02m | $1.8M | $1.8M | 20x |
BloFin SLX-USDT
OKX SLX-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
- −$60.43
- Price spread: −0.075% → +0.007%
- −$8.29
- Slippage, 4 orders
- −$52.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$143.16
- Costs to cover
- 0.744%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; OKX: live order book, 4 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, 54 min ago | 0.75 bp | 15.9 bp −$16 | 39.8 bp −$398 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.75 bp | 24.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
SLX 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SLX-USDT | +0.0100% | 4h | 0.06649 | +0.226% | $1K | $433K | 20x | as long as short |
| KuCoin SLXUSDTM | +0.0118% | 4h | 0.06629 | −0.075% | $978K | $1.7M | 20x | as long as short |
| Bitget SLXUSDT | +0.0352% | 4h | 0.06623 | −0.166% | $1.0M | $309K | 20x | as long as short |
| OKX SLX-USDT-SWAPshort | +0.0419% | 4h | 0.06629 | −0.075% | $1.8M | $1.8M | 20x | |
| Gate SLX_USDT | +0.0576% | 4h | 0.06629 | −0.075% | $306K | $677K | 25x | as long as short |
| BloFin SLX-USDTlong | +0.0707% | 4h | 0.06634 | long leg | $167K | $3K | 25x | |
| MEXC SLX_USDT | +0.0732% | 4h | 0.06620 | −0.211% | $1.9M | $223K | 20x | as long as short |
| Binance SLXUSDT | +0.0734% | 4h | 0.06631 | −0.048% | $2.5M | $3.0M | 25x | as long as short |
| Aster SLXUSDT | +0.0790% | 4h | 0.06628 | −0.090% | $15K | $26K | 10x | as long as short |
| Bybit SLXUSDT | +0.2611% | 4h | 0.06605 | −0.437% | $973K | $366K | 20x | as long as short |
SunX SLX-USDT
KuCoin SLXUSDTM
Bitget SLXUSDT
Gate SLX_USDT
MEXC SLX_USDT
Binance SLXUSDT
Aster SLXUSDT
Bybit SLXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SLX-USDT | +0.2678% | 4h | 0.06624 | −0.151% | — | $1.7M | — | as long as short |
BingX SLX-USDT