Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against BloFin−0.148%73s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as 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−$1221.221% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.148%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.125% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.024%). Swap the legs. 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 ARX-USDT | 0.2022 | 0.0150 | pay 0.0075% / 4h | 1h 06m | $236K | $51K | 20x |
| Short | OKX ARX-USDT-SWAP | 0.2019 | 0.0100 | get 0.0050% / 4h | 1h 06m | $731K | $2.9M | 20x |
BloFin ARX-USDT
OKX ARX-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
- −$10.55
- Price spread: −0.148% → −0.024%
- −$12.45
- Slippage, 4 orders
- −$100.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$145.12
- Costs to cover
- 1.221%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago | 7.41 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.47 bp | 45.3 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
ARX 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ARX-USDT-SWAPshort | +0.0100% | 4h | 0.2019 | −0.148% | $731K | $2.9M | 20x | |
| Gate ARX_USDT | +0.0100% | 4h | 0.2030 | +0.396% | $1.0M | $431K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2014 | −0.371% | $694K | $691K | 20x | as long as short |
| BloFin ARX-USDTlong | +0.0150% | 4h | 0.2022 | long leg | $236K | $51K | 20x | |
| Binance ARXUSDT | +0.0194% | 4h | 0.2017 | −0.269% | $5.5M | $11.0M | 20x | as long as short |
| MEXC ARX_USDT | +0.0200% | 4h | 0.2017 | −0.247% | $866K | $404K | 20x | as long as short |
| Bitget ARXUSDT | +0.0214% | 4h | 0.2019 | −0.148% | $1.9M | $1.7M | 20x | as long as short |
| Aster ARXUSDT | +0.0395% | 4h | 0.2019 | −0.137% | $101K | $91K | 10x | as long as short |
| BingX ARX-USDT | +0.0600% | 4h | 0.2025 | +0.148% | — | $1.7M | — | as long as short |
| Bybit ARXUSDT | +0.0665% | 4h | 0.2019 | −0.148% | $4.0M | $2.4M | 20x | as long as short |
Gate ARX_USDT
KuCoin ARXUSDTM
Binance ARXUSDT
MEXC ARX_USDT
Bitget ARXUSDT
Aster ARXUSDT
BingX ARX-USDT
Bybit ARXUSDT