Funding arb · Price arb /

LAB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0354%/8hnext payment −$1.77 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against BloFin−0.173%113s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$680.677% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.173%, 7d avg −0.036%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.137% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.036%). Swap the legs. The two prices were read 113 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 -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LAB-USDT	0.05770	0.0626	pay 0.0313% / 4h	5m 18s	$610K	$65K	10x
Short	OKX LAB-USDT-SWAP	0.05760	0.0272	get 0.0136% / 4h	5m 18s	$4.0M	$6.8M	10x

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

Position, each leg$Hold fordaysFee BloFinbpFee OKXbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$74.29
Price spread: −0.173% → −0.036%: −$13.74
Slippage, 4 orders: −$45.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$155.77
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from BloFin: live order book, 25 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, 25 min ago	0.88 bp	15.5 bp −$15	48.7 bp −$487	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.87 bp	18.5 bp −$19	136.7 bp −$1,367	doesn't fit	doesn't fit

LAB on 14 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
Bybit LABUSDT	+0.0100%	4h	0.05760	−0.173%	$4.2M	$2.2M	20x	as long as short
Gate LAB_USDT	+0.0100%	4h	0.05758	−0.208%	$3.4M	$1.8M	20x	as long as short
KuCoin LABUSDTM	+0.0100%	4h	0.05757	−0.225%	$1.9M	$1.5M	10x	as long as short
Variational Omni LAB	+0.0100%	4h	0.05775	+0.086%	$81K	$406	—	as long as short
SunX LAB-USDT	+0.0100%	4h	0.05750	−0.347%	$2K	$908K	20x	as long as short
HTX LAB-USDT	+0.0169%	4h	0.05769	−0.017%	$73K	$67K	20x	as long as short
Bitget LABUSDT	+0.0250%	4h	0.05770	0.000%	$3.0M	$806K	10x	as long as short
OKX LAB-USDT-SWAPshort	+0.0272%	4h	0.05760	−0.173%	$4.0M	$6.8M	10x
BingX LAB-USDT	+0.0572%	4h	0.05762	−0.139%	—	$1.6M	—	as long as short
MEXC LAB_USDT	+0.0590%	4h	0.05760	−0.173%	$4.9M	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LABUSDT	+0.0592%	4h	0.05762	−0.139%	$14.2M	$13.9M	10x	as long as short
edgeX LABUSDC	+0.0602%	4h	0.05756	−0.242%	$13K	$178K	10x	as long as short
BloFin LAB-USDTlong	+0.0626%	4h	0.05770	long leg	$610K	$65K	10x
Aster LABUSDT	+0.0635%	4h	0.05754	−0.281%	$47K	$66K	5x	as long as short