Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against OKX+0.072%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1661.659% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.072%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.045% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INIT-USDT-SWAP | 0.08359 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $142K | $716K | 10x |
| Short | BloFin INIT-USDT | 0.08365 | 0.0117 | get 0.0059% / 4h | 3h 52m | $154K | $114K | 25x |
OKX INIT-USDT-SWAP
BloFin INIT-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.67
- Price spread: +0.072% → +0.027%
- $4.48
- Slippage, 4 orders
- −$143.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$157.8
- Costs to cover
- 1.659%
- Break-even
- 307.7 days
Slippage from OKX: live order book, 63 min ago; BloFin: live order book, 37 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, 63 min ago | 10.24 bp | 49.8 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 4.23 bp | 31.0 bp −$31 | 72.7 bp −$727 | doesn't fit | doesn't fit |
INIT 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_INITUSD | −0.5348% | 1h | 0.08358 | −0.011% | $5K | $24K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08367 | +0.102% | $313K | $238K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08369 | +0.117% | $28K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08366 | +0.085% | $3.4M | $4.0M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08351 | −0.096% | $1.5M | $1.6M | 25x | as long as short |
| OKX INIT-USDT-SWAPlong | +0.0100% | 4h | 0.08359 | long leg | $142K | $716K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08361 | +0.024% | $82K | $57K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08366 | +0.084% | $449K | $209K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08379 | +0.239% | $324K | $62K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08362 | +0.036% | $431K | $333K | 25x | as long as short |
Kraken Futures PF_INITUSD
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08360 | +0.012% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08379 | +0.240% | $27K | $23K | — | as long as short |
| BloFin INIT-USDTshort | +0.0117% | 4h | 0.08365 | +0.072% | $154K | $114K | 25x |
BingX INIT-USDT
Variational Omni INIT