H

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0155%/8h= −16.9% APRnext payment −$0.77 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against OKX−0.149%93s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as 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−$1031.032% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)+0.698%+$70 · spread now −0.149%, 7d avg +0.020%

Together, before fees+0.894%+$89 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.169% cheaper against OKX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.197%, so the current rate has only just turned against you. The two prices were read 93 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	OKX H-USDT-SWAP	0.06710	0.0231	pay 0.0115% / 4h	1h 05m	$1.7M	$5.7M	10x
Short	BloFin H-USDT	0.06700	0.0076	get 0.0038% / 4h	1h 05m	$585K	$96K	25x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BloFinbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$32.47
Price spread: −0.149% → +0.020%: −$16.94
Slippage, 4 orders: −$81.24
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$152.66
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 39 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, 5 min ago	6.67 bp	20.7 bp −$21	297.8 bp −$2,978	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	0.74 bp	24.6 bp −$25	104.2 bp −$1,042	doesn't fit	doesn't fit

H on 14 exchanges

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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−6.855%	$1K	$1	5.5x	as long as short
BloFin H-USDTshort	+0.0076%	4h	0.06700	−0.149%	$585K	$96K	25x
Aster HUSDT	+0.0100%	4h	0.06693	−0.250%	$105K	$56K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06707	−0.045%	$14.1M	$9.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06693	−0.258%	$7.3M	$5.0M	13x	as long as short
Gate H_USDT	+0.0100%	4h	0.06694	−0.238%	$2.8M	$1.6M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06708	−0.030%	$6.0M	$1.0M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06699	−0.164%	$1.5M	$10.2M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06704	−0.089%	$1.7M	$378K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06696	−0.209%	—	$2.7M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06690	−0.295%	$9K	$2K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06687	−0.343%	$1.1M	$393K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06705	−0.077%	$9K	$208K	5x	as long as short
OKX H-USDT-SWAPlong	+0.0231%	4h	0.06710	long leg	$1.7M	$5.7M	10x