Funding you earn now, next payment 08:00 UTC+0.0187%/8h= +20.5% APRnext payment +$1.87 per $10,000 · paid last 24h +0.027%
Price spread now: BloFin against OKX+0.267%423s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as 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−$730.730% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.267%, 7d avg +0.051%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.217% dearer against OKX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.051%. The two prices were read 423 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 0.114% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.87 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 AR-USDT-SWAP | 4.4920 | −0.0137 | get 0.0137% / 8h | 6h 42m | $2.3M | $19.3M | 20x |
| Short | BloFin AR-USDT | 4.5040 | 0.0050 | get 0.0050% / 8h | 6h 42m | $433K | $528K | 20x |
OKX AR-USDT-SWAP
BloFin AR-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
- $39.35
- Price spread: +0.267% → +0.051%
- $21.66
- Slippage, 4 orders
- −$51.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$12.01
- Costs to cover
- 0.730%
- Break-even
- 9.1 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 24 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 | 2.23 bp | 19.5 bp −$19 | 153.2 bp −$1,532 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 2.17 bp | 21.1 bp −$21 | 39.9 bp −$399 | 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 | −0.1701% | 1h | 4.5050 | +0.290% | $55K | $149K | 20x | as long as short |
| Injective AR/USDC PERP | −0.0353% | 1h | 4.6110 | +2.649% | $2K | $2K | 5.5x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.4883 | −0.083% | $576K | — | 50x | as long as short |
| OKX AR-USDT-SWAPlong | −0.0137% | 8h | 4.4920 | long leg | $2.3M | $19.3M | 20x | |
| MEXC AR_USDT | +0.0022% | 8h | 4.4930 | +0.022% | $6.4M | $4.3M | 100x | as long as short |
| Binance ARUSDT | +0.0023% | 8h | 4.4887 | −0.074% | $8.9M | $53.0M | 75x | as long as short |
| Extended AR-USD | +0.0024% | 1h | 4.4861 | −0.132% | $36K | $243K | 10x | as long as short |
| BloFin AR-USDTshort | +0.0050% | 8h | 4.5040 | +0.267% | $433K | $528K | 20x | |
| Hyperliquid AR | +0.0100% | 1h | 4.4871 | −0.109% | $4.0M | $4.7M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.4840 | −0.178% | $26K | $500K | 10x | as long as short |
Kraken Futures PF_ARUSD
Injective AR/USDC PERP
GMX AR/USD [WBTC.b-USDC]
MEXC AR_USDT
Binance ARUSDT
Extended AR-USD
Hyperliquid AR
Aster ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ARUSDT | +0.0100% | 8h | 4.4900 | −0.045% | $4.5M | $8.4M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4790 | −0.289% | $2.5M | $2.1M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4870 | −0.111% | $1.4M | $1.1M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.4880 | −0.089% | $3.8M | $5.4M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.4920 | 0.000% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4893 | −0.060% | $140K | $165K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4910 | −0.022% | $20K | $742K | 50x | as long as short |
Bybit ARUSDT
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT