Funding you earn now, next payment 08:00 UTC+0.0751%/8h= +82.2% APRnext payment +$3.75 per $10,000 · paid last 24h +0.210%
Price spread now: BloFin against OKX−0.255%103s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs+$12as 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−$670.666% of the position
Funding, last 7 days+0.783%+$78 on $10k
+Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.255%, 7d avg +0.037%
=Funding pays, the price is against you. BloFin is 0.291% cheaper against OKX than usual: you would sell low and buy high (spread −0.255% now, against its 7-day average of +0.037%). If the spread goes back, that is −$29 on $10k: about 31 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.783% in total) that is about 2.6 days. The two prices were read 103 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 USELESS-USDT-SWAP | 0.2868 | 0.0102 | pay 0.0051% / 4h | 17m 28s | $10.0M | $73.1M | 10x |
| Short | BloFin USELESS-USDT | 0.2861 | 0.0853 | get 0.0426% / 4h | 17m 28s | $1.2M | $2.2M | 12x |
OKX USELESS-USDT-SWAP
BloFin USELESS-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
- $157.64
- Price spread: −0.255% → +0.037%
- −$29.11
- Slippage, 4 orders
- −$44.57
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $61.97
- Costs to cover
- 0.666%
- Break-even
- 4.2 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 5 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, 1 min ago | 0.52 bp | 18.3 bp −$18 | 89.7 bp −$897 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.32 bp | 17.7 bp −$18 | 47.6 bp −$476 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2863 | −0.174% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2859 | −0.326% | $30K | $19K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2866 | −0.084% | $5.2M | $10.8M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2868 | +0.010% | $5.5M | $11.0M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2870 | +0.049% | $28K | $281K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2863 | −0.188% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2870 | +0.049% | $19K | $514K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2863 | −0.199% | $651K | $1.2M | 20x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0102% | 4h | 0.2868 | long leg | $10.0M | $73.1M | 10x | |
| Aevo USELESS-PERP | +0.0168% | 1h | 0.2854 | −0.485% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0244% | 4h | 0.2859 | −0.314% | $7.2M | $8.9M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0327% | 4h | 0.2863 | −0.176% | $21K | $199K | 10x | as long as short |
| Aster USELESSUSDT | +0.0347% | 4h | 0.2863 | −0.199% | $563K | $2.2M | 10x | as long as short |
| MEXC USELESS_USDT | +0.0348% | 4h | 0.2867 | −0.028% | $12.7M | $6.3M | 50x | as long as short |
| Extended USELESS-USD | +0.0352% | 1h | 0.2864 | −0.155% | $272K | $1.7M | 5x | as long as short |
| Binance USELESSUSDT | +0.0355% | 4h | 0.2867 | −0.037% | $23.9M | $127.4M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0479% | 1h | 0.2860 | −0.286% | $53K | $700K | 25x | as long as short |
| BingX USELESS-USDT | +0.0582% | 4h | 0.2872 | +0.136% | — | $5.4M | — | as long as short |
| Variational Omni USELESS | +0.0606% | 4h | 0.2852 | −0.572% | $1.2M | $1.9M | — | as long as short |
| Bybit USELESSUSDT | +0.0641% | 4h | 0.2867 | −0.056% | $27.1M | $50.4M | 13x | as long as short |
| BloFin USELESS-USDTshort | +0.0853% | 4h | 0.2861 | −0.255% | $1.2M | $2.2M | 12x | |
| Orderly PERP_USELESS_USDC | +0.0963% | 4h | 0.2860 | −0.275% | $21K | $1.7M | 10x | as long as short |
| Hyperliquid USELESS | +0.1158% | 1h | 0.2873 | +0.153% | $12.6M | $23.8M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3021 | +5.341% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
Aster USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
ApeX Omni USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP