Funding you earn now, next payment 16:00 UTC+0.0288%/8h= +31.6% APRnext payment +$2.88 per $10,000 · paid last 24h +0.064%
Price spread now: BloFin against OKX−0.044%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)−0.195%−$19 · spread now −0.044%, 7d avg +0.005%
=Funding pays, the price is against you. BloFin is 0.049% cheaper against OKX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.005%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.173% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.173% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.88 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 NVDA-USDT-SWAP | 227.05 | 0 | get 0.0000% / 8h | 6h 56m | $14.2M | $20.4M | 50x |
| Short | BloFin NVDA-USDT | 226.95 | 0.0288 | get 0.0288% / 8h | 6h 56m | $717K | $202K | 20x |
OKX NVDA-USDT-SWAP
BloFin NVDA-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
- $60.51
- Price spread: −0.044% → +0.005%
- −$4.89
- Slippage, 4 orders
- −$1.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $31.63
- Costs to cover
- 0.240%
- Break-even
- 3.3 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 15 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 | 0.22 bp | 5.3 bp −$5 | 6.5 bp −$65 | 24.9 bp −$2,493 | doesn't fit |
| Sell BloFin live order book, 15 min ago | 0.22 bp | 6.2 bp −$6 | 7.5 bp −$75 | 16.0 bp −$1,600 | doesn't fit |
NVDA on 35 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 NVDAUSDT | 0.0000% | 8h | 227.03 | −0.009% | $12.7M | $15.1M | 100x | as long as short |
| OKX NVDA-USDT-SWAPlong | 0.0000% | 8h | 227.05 | long leg | $14.2M | $20.4M | 50x | |
| Gate NVDA_USDT | 0.0000% | 8h | 226.95 | −0.044% | $7.2M | $9.3M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.07 | +0.009% | $15.7M | $16.1M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.56 | −0.216% | $2K | $3.5M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.00 | −0.022% | $198K | $436K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.02 | −0.013% | $2.2M | $41K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0013% | 1h | 226.86 | −0.086% | $117K | $51K | 10x | as long as short |
| Extended NVDA_24_5-USD | +0.0032% | 1h | 226.81 | −0.107% | $641K | $885K | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.04 | −0.004% | — | $74K | 25x | as long as short |
Bybit NVDAUSDT
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
Extended NVDA_24_5-USD
Vest NVDA-USD-PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NVDA-USD | +0.0047% | 1h | 226.87 | −0.079% | $1.3M | $9.1M | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0048% | 1h | 226.74 | −0.137% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.86 | −0.084% | $147.8M | $44.9M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.80 | −0.110% | $392K | $240K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.80 | −0.110% | $59K | $18K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.70 | −0.154% | $1.6M | $1.9M | 15x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0053% | 8h | 226.94 | −0.048% | $21K | $433K | 10x | as long as short |
| Lighter NVDA | +0.0064% | 1h | 226.96 | −0.038% | $2.1M | $3.1M | 20x | as long as short |
| Aster NVDAUSDT | +0.0083% | 8h | 226.96 | −0.040% | $485K | $543K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.72 | −0.147% | $298K | $50K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.76 | −0.128% | $16K | $45K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.89 | −0.070% | $36K | $20K | 20x | as long as short |
| Variational Omni NVDA | +0.0111% | 8h | 226.94 | −0.047% | $3.3M | $2.5M | — | as long as short |
| Nado NVDA-PERP | +0.0114% | 1h | 226.80 | −0.112% | $482K | $221K | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0120% | 8h | 226.96 | −0.040% | $1.6M | $1.1M | 20x | as long as short |
| Aevo NVDA-PERP | +0.0120% | 1h | 226.92 | −0.057% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 226.48 | −0.251% | $1.3M | $681K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0147% | 1h | 226.85 | −0.088% | $53K | $1.9M | 10x | as long as short |
| Lighter RH NVDA | +0.0152% | 1h | 227.12 | +0.031% | $5.1M | $6.9M | 20x | as long as short |
| Binance NVDAUSDT | +0.0168% | 8h | 227.02 | −0.013% | $155.7M | $223.3M | 50x | as long as short |
| Phoenix NVDA | +0.0212% | 1h | 226.87 | −0.079% | $93K | $83K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.48 | +0.189% | $73K | $135 | 30x | as long as short |
| Arcus NVDA-USD | +0.0225% | 1h | 226.85 | −0.088% | $392K | $739K | 20x | as long as short |
| BloFin NVDA-USDTshort | +0.0288% | 8h | 226.95 | −0.044% | $717K | $202K | 20x | |
| edgeX NVDAUSDC | +0.0289% | 4h | 226.94 | −0.046% | $171K | $1.9M | 20x | as long as short |
QFEX NVDA-USD
Hotstuff NVDA-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
GRVT NVDA_USDT_Perp
Lighter NVDA
Aster NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Variational Omni NVDA
Nado NVDA-PERP
KuCoin NVDAUSDTM
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Deribit NVDA_USDC-PERPETUAL
Lighter RH NVDA
Binance NVDAUSDT
Phoenix NVDA
Injective NVDA/USDC PERP
Arcus NVDA-USD
edgeX NVDAUSDC