Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against BloFin+0.166%73s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as 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−$690.690% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)−0.424%−$42 · spread now +0.166%, 7d avg −0.035%
=The price spread pays, funding is against you. OKX is 0.201% dearer against BloFin than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of −0.035%): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.114% in total) that is about 12 days. 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 | BloFin AR-USDT | 4.2130 | 0.0220 | pay 0.0220% / 8h | 1h 50m | $410K | $456K | 20x |
| Short | OKX AR-USDT-SWAP | 4.2200 | 0.0100 | get 0.0100% / 8h | 1h 50m | $2.2M | $17.2M | 20x |
BloFin AR-USDT
OKX AR-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
- −$25.2
- Price spread: +0.166% → −0.035%
- $20.11
- Slippage, 4 orders
- −$46.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$74.08
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 36 min ago; OKX: live order book, 3 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, 36 min ago | 1.20 bp | 19.7 bp −$20 | 37.7 bp −$377 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.19 bp | 18.5 bp −$19 | 113.7 bp −$1,137 | doesn't fit | doesn't fit |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.2677% | 1h | 4.2169 | +0.092% | $52K | $185K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0550% | 1h | 4.2270 | +0.332% | $543K | — | 50x | as long as short |
| ApeX Omni ARUSDT | −0.0129% | 1h | 4.2200 | +0.166% | $20K | $714K | 50x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.4240 | +5.008% | $2K | $5K | 5.5x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.2300 | +0.404% | $3.4M | $4.7M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.2229 | +0.235% | $42K | $456K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.2254 | +0.294% | $8.4M | $52.9M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.2199 | +0.164% | $4.2M | $9.5M | 75x | as long as short |
| OKX AR-USDT-SWAPshort | +0.0100% | 8h | 4.2200 | +0.166% | $2.2M | $17.2M | 20x | |
| Gate AR_USDT | +0.0100% | 8h | 4.2200 | +0.166% | $2.0M | $3.3M | 50x | as long as short |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]
ApeX Omni ARUSDT
Injective AR/USDC PERP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AR_USDT | +0.0100% | 8h | 4.2280 | +0.356% | $5.9M | $4.2M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.2210 | +0.190% | $1.1M | $1.3M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.2240 | +0.261% | $3.7M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.2270 | +0.332% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.2128 | −0.005% | $238K | $629K | — | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.2259 | +0.306% | $35K | $243K | 10x | as long as short |
| BloFin AR-USDTlong | +0.0220% | 8h | 4.2130 | long leg | $410K | $456K | 20x |
MEXC AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
Extended AR-USD