Funding you earn now, next payment 08:00 UTC−0.1068%/8h= −116.9% APRnext payment −$5.34 per $10,000 · paid last 24h −0.044%
Price spread now: BloFin against OKX−0.495%73s7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as 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−$1611.606% of the position
Funding, last 7 days−0.434%−$43 on $10k
+Price spread, last 4 days (all we have)+0.410%+$41 · spread now −0.495%, 7d avg −0.097%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and BloFin is 0.397% cheaper against OKX than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.097%). Swap the legs. The two prices were read 73 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 -0.434% in total (about -22.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.34 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 TRUTH-USDT-SWAP | 0.01375 | 0.1860 | pay 0.0930% / 4h | 1h 50m | $230K | $341K | 10x |
| Short | BloFin TRUTH-USDT | 0.01368 | 0.0792 | get 0.0396% / 4h | 1h 50m | $198K | $12K | 50x |
OKX TRUTH-USDT-SWAP
BloFin TRUTH-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
- −$224.24
- Price spread: −0.495% → −0.097%
- −$39.71
- Slippage, 4 orders
- −$138.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$424.51
- Costs to cover
- 1.606%
- Break-even
- never at this rate
Slippage from OKX: live order book, 55 min ago; BloFin: live order book, 25 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, 55 min ago | 2.92 bp | 52.0 bp −$52 | 1105.1 bp −$11.1K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 25 min ago | 2.56 bp | 19.2 bp −$19 | 62.1 bp −$621 | doesn't fit | doesn't fit |
TRUTH on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TRUTHUSDT | +0.0100% | 4h | 0.01372 | −0.204% | $1.3M | $425K | 20x | as long as short |
| KuCoin TRUTHUSDTM | +0.0124% | 4h | 0.01363 | −0.858% | $1.0M | $51K | 10x | as long as short |
| Aster TRUTHUSDT | +0.0534% | 4h | 0.01367 | −0.625% | $36K | $6K | 5x | as long as short |
| Extended TRUTH-USD | +0.0760% | 1h | 0.01370 | −0.379% | $4K | $265K | 5x | as long as short |
| MEXC TRUTH_USDT | +0.0762% | 4h | 0.01371 | −0.305% | $11.9M | $132K | 20x | as long as short |
| Binance TRUTHUSDT | +0.0763% | 4h | 0.01371 | −0.282% | $4.4M | $1.6M | 20x | as long as short |
| BloFin TRUTH-USDTshort | +0.0792% | 4h | 0.01368 | −0.495% | $198K | $12K | 50x | |
| Gate TRUTH_USDT | +0.0798% | 4h | 0.01368 | −0.495% | $426K | $52K | 20x | as long as short |
| BingX TRUTH-USDT | +0.1742% | 4h | 0.01373 | −0.153% | — | $6.5M | — | as long as short |
| OKX TRUTH-USDT-SWAPlong | +0.1860% | 4h | 0.01375 | long leg | $230K | $341K | 10x |
Bybit TRUTHUSDT
KuCoin TRUTHUSDTM
Aster TRUTHUSDT
Extended TRUTH-USD
MEXC TRUTH_USDT
Binance TRUTHUSDT
Gate TRUTH_USDT
BingX TRUTH-USDT