Settings8H · net · $10k
Funding arb · Price arb /

BEAT

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0292%/8h= +32.0% APRnext payment +$1.46 per $10,000 · paid last 24h −0.037%
Price spread now: OKX against BloFin−0.011%83s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$950.951% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 4 days (all we have)−0.178%−$18 · spread now −0.011%, 7d avg −0.054%
Together, before fees−0.147%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.042% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.054%. The two prices were read 83 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 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BEAT-USDT0.090200.0364pay 0.0182% / 4h3h 19m$491K$42K10x
ShortOKX BEAT-USDT-SWAP0.090190.0657get 0.0328% / 4h3h 19m$4.2M$12.1M10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$61.4
Price spread: −0.011% → −0.054%
$4.24
Slippage, 4 orders
−$73.14
Fee BloFin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$29.5
Costs to cover
0.951%
Break-even
10.4 days
Slippage from BloFin: live order book, 11 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 11 min ago16.68 bp28.8 bp −$29109.6 bp −$1,096doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago0.56 bp13.8 bp −$1442.6 bp −$426doesn't fitdoesn't fit

BEAT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BEATUSDT+0.0100%4h0.09006−0.151%$50K$32K10xas long as short
Bybit BEATUSDT+0.0100%4h0.09013−0.078%$4.8M$2.3M25xas long as short
Variational Omni BEAT+0.0100%4h0.09014−0.062%$35K$588as long as short
SunX BEAT-USDT+0.0100%4h0.09024+0.044%$2K$1.5M20xas long as short
HTX BEAT-USDT+0.0100%4h0.09058+0.421%$125K$72K20xas long as short
KuCoin BEATUSDTM+0.0150%4h0.09017−0.033%$2.4M$1.3M25xas long as short
Bitget BEATUSDT+0.0212%4h0.090200.000%$1.4M$1.3M10xas long as short
Gate BEAT_USDT+0.0277%8h0.09000−0.222%$3.4M$2.2M20xas long as short
BloFin BEAT-USDTlong+0.0364%4h0.09020long leg$491K$42K10x
Binance BEATUSDT+0.0368%4h0.09018−0.018%$8.3M$12.4M10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BEAT-USD+0.0368%1h0.09019−0.015%$4K$225K5xas long as short
MEXC BEAT_USDT+0.0368%4h0.09010−0.111%$6.0M$2.6M100xas long as short
edgeX BEATUSDC+0.0369%4h0.08993−0.300%$4K$165K10xas long as short
BingX BEAT-USDT+0.0642%4h0.09010−0.111%$7.6Mas long as short
OKX BEAT-USDT-SWAPshort+0.0657%4h0.09019−0.011%$4.2M$12.1M10x