NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against OKX−0.099%83s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as 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−$940.943% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.099%, 7d avg +0.030%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.128% cheaper against OKX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 83 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 NOT-USDT-SWAP	0.0005073	0.0100	pay 0.0050% / 4h	19m 55s	$631K	$616K	20x
Short	BloFin NOT-USDT	0.0005068	0.0064	get 0.0032% / 4h	19m 55s	$111K	$17K	50x

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 −0.099%Rate

Funding earned: −$7.64
Price spread: −0.099% → +0.030%: −$12.81
Slippage, 4 orders: −$72.26
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$114.71
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from OKX: live order book, 56 min ago; BloFin: live order book, 40 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, 56 min ago	1.99 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	3.94 bp	21.0 bp −$21	58.5 bp −$585	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0103%	4h	0.0005065	−0.161%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.923%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTshort	+0.0064%	4h	0.0005068	−0.099%	$111K	$17K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005083	+0.197%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.059%	$371K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005075	+0.049%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005074	+0.020%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005069	−0.079%	$2.1M	$826K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005073	long leg	$631K	$616K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005065	−0.158%	$141K	$79K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005072	−0.020%	$1.4M	$462K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005068	−0.099%	$463K	$137K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005074	+0.020%	$666K	$382K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005070	−0.059%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005072	−0.019%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.4202%	1h	0.0005076	+0.063%	$50K	$10K	10x	as long as short