Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.003%
Price spread now: OKX against BloFin+0.108%53s7-day average −0.192% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as 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−$1181.177% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.108%, 7d avg −0.192%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and OKX is 0.299% dearer against BloFin than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.192%. The two prices were read 53 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 ATH-USDT | 0.005579 | 0.0078 | pay 0.0039% / 4h | 1h 04m | $172K | $60K | 75x |
| Short | OKX ATH-USDT-SWAP | 0.005585 | 0.0090 | get 0.0045% / 4h | 1h 04m | $709K | $1.2M | 20x |
BloFin ATH-USDT
OKX ATH-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
- $2.51
- Price spread: +0.108% → −0.192%
- $29.91
- Slippage, 4 orders
- −$95.69
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$85.27
- Costs to cover
- 1.177%
- Break-even
- 245.2 days
Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 2 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 | 3.60 bp | 18.1 bp −$18 | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 5.39 bp | 39.1 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
ATH on 13 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_ATHUSD | −0.4625% | 1h | 0.005580 | +0.025% | $19K | $106K | 10x | as long as short |
| dYdX ATH-USD | −0.0005% | 1h | 0.005586 | +0.129% | $11K | $16 | 5x | as long as short |
| Variational Omni ATH | +0.0045% | 4h | 0.005560 | −0.345% | $186K | $94K | — | as long as short |
| BloFin ATH-USDTlong | +0.0078% | 4h | 0.005579 | long leg | $172K | $60K | 75x | |
| OKX ATH-USDT-SWAPshort | +0.0090% | 4h | 0.005585 | +0.108% | $709K | $1.2M | 20x | |
| Aster ATHUSDT | +0.0100% | 4h | 0.005590 | +0.191% | $4K | $37K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005592 | +0.233% | $3.4M | $3.8M | 50x | as long as short |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005585 | +0.108% | $4.5M | $2.3M | 25x | as long as short |
| Gate ATH_USDT | +0.0100% | 4h | 0.005579 | 0.000% | $796K | $524K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005592 | +0.233% | $8.9M | $660K | 50x | as long as short |
Kraken Futures PF_ATHUSD
dYdX ATH-USD
Variational Omni ATH
Aster ATHUSDT
Binance ATHUSDT
Bybit ATHUSDT
Gate ATH_USDT
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005588 | +0.161% | $572K | $77K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005588 | +0.161% | $1.6M | $793K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005583 | +0.072% | — | $21.9M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT