Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BloFin+0.126%63s7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as 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−$840.840% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.230%−$23 · spread now +0.126%, 7d avg −0.078%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.203% dearer against BloFin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.078%. The two prices were read 63 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 IOTA-USDT | 0.04774 | 0.0082 | pay 0.0082% / 8h | 50m 05s | $165K | $43K | 75x |
| Short | OKX IOTA-USDT-SWAP | 0.04780 | 0.0100 | get 0.0100% / 8h | 50m 05s | $555K | $1.4M | 20x |
BloFin IOTA-USDT
OKX IOTA-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
- $3.77
- Price spread: +0.126% → −0.078%
- $20.33
- Slippage, 4 orders
- −$61.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$59.89
- Costs to cover
- 0.840%
- Break-even
- 118.2 days
Slippage from BloFin: live order book, 20 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, 20 min ago | 6.28 bp | 14.9 bp −$15 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 4.19 bp | 27.6 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | −0.0884% | 1h | 0.04779 | +0.105% | $19K | $13K | 10x | as long as short |
| BloFin IOTA-USDTlong | +0.0082% | 8h | 0.04774 | long leg | $165K | $43K | 75x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04782 | +0.178% | $897K | $328K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04781 | +0.146% | $3.4M | $5.8M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04779 | +0.105% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAPshort | +0.0100% | 8h | 0.04780 | +0.126% | $555K | $1.4M | 20x | |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04779 | +0.105% | $823K | $255K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04778 | +0.084% | $586K | $173K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04784 | +0.209% | $1.8M | $723K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04779 | +0.105% | — | $2.3M | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04772 | −0.051% | $50K | $32K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0836% | 8h | 0.04781 | +0.147% | $2.7M | $228K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM