Funding you earn now, next payment 12:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against BloFin+0.035%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.403%+$40 · spread now +0.035%, 7d avg +0.042%
=The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BIO-USDT | 0.02888 | 0.0054 | pay 0.0027% / 4h | 3h 19m | $263K | $7K | 50x |
| Short | OKX BIO-USDT-SWAP | 0.02889 | 0.0100 | get 0.0050% / 4h | 3h 19m | $1.1M | $2.0M | 20x |
BloFin BIO-USDT
OKX BIO-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
- $9.59
- Price spread: +0.035% → +0.042%
- −$0.72
- Slippage, 4 orders
- −$55.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$68.28
- Costs to cover
- 0.771%
- Break-even
- 56.8 days
Slippage from BloFin: live order book, 47 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, 47 min ago | 1.74 bp | 18.0 bp −$18 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.46 bp | 16.9 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
BIO on 15 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_BIOUSD | −0.0681% | 1h | 0.02888 | −0.010% | $11K | $6K | 20x | as long as short |
| BloFin BIO-USDTlong | +0.0054% | 4h | 0.02888 | long leg | $263K | $7K | 50x | |
| Lighter BIO | +0.0096% | 1h | 0.02893 | +0.187% | $15K | $7K | 3x | as long as short |
| Orderly PERP_BIO_USDC | +0.0099% | 4h | 0.02888 | 0.000% | $13K | — | 10x | as long as short |
| Hyperliquid BIO | +0.0100% | 1h | 0.02892 | +0.139% | $755K | $195K | 3x | as long as short |
| Aster BIOUSDT | +0.0100% | 4h | 0.02889 | +0.028% | $21K | $101K | 5x | as long as short |
| Binance BIOUSDT | +0.0100% | 4h | 0.02889 | +0.035% | $6.1M | $7.5M | 50x | as long as short |
| Bybit BIOUSDT | +0.0100% | 4h | 0.02889 | +0.035% | $2.1M | $2.3M | 50x | as long as short |
| OKX BIO-USDT-SWAPshort | +0.0100% | 4h | 0.02889 | +0.035% | $1.1M | $2.0M | 20x | |
| Gate BIO_USDT | +0.0100% | 8h | 0.02890 | +0.069% | $1.5M | $341K | 50x | as long as short |
Kraken Futures PF_BIOUSD
Lighter BIO
Orderly PERP_BIO_USDC
Hyperliquid BIO
Aster BIOUSDT
Binance BIOUSDT
Bybit BIOUSDT
Gate BIO_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BIO_USDT | +0.0100% | 4h | 0.02888 | 0.000% | $410K | $140K | 20x | as long as short |
| KuCoin BIOUSDTM | +0.0100% | 4h | 0.02889 | +0.035% | $548K | $119K | 20x | as long as short |
| Bitget BIOUSDT | +0.0100% | 4h | 0.02889 | +0.035% | $1.3M | $547K | 50x | as long as short |
| BingX BIO-USDT | +0.0100% | 4h | 0.02889 | +0.035% | — | $1.4M | — | as long as short |
| Variational Omni BIO | +0.0100% | 4h | 0.02890 | +0.055% | $31K | $68K | — | as long as short |
MEXC BIO_USDT
KuCoin BIOUSDTM
Bitget BIOUSDT
BingX BIO-USDT
Variational Omni BIO