Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: OKX against BloFin+0.028%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days−0.423%−$42 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.028%, 7d avg +0.019%
=The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin VIRTUAL-USDT | 0.7177 | 0.0340 | pay 0.0170% / 4h | 3h 27m | $799K | $951K | 75x |
| Short | OKX VIRTUAL-USDT-SWAP | 0.7179 | 0.0100 | get 0.0050% / 4h | 3h 27m | $2.9M | $9.9M | 20x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: +0.028% → +0.019%
- $0.9
- Slippage, 4 orders
- −$28.93
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$100.43
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago | 4.17 bp | 10.4 bp −$10 | 15.4 bp −$154 | 62.8 bp −$6,279 | doesn't fit |
| Sell OKX live order book, 6 min ago | 0.70 bp | 14.9 bp −$15 | 40.4 bp −$404 | doesn't fit | doesn't fit |
VIRTUAL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit VIRTUAL_USDC-PERPETUAL | −0.0446% | 1h | 0.7176 | −0.014% | $15K | $40K | 10x | as long as short |
| Lighter VIRTUAL | −0.0144% | 1h | 0.7172 | −0.070% | $327K | $406K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.0139% | 1h | 0.7176 | −0.015% | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.0128% | 1h | 0.7173 | −0.056% | $2K | $106 | 10x | as long as short |
| Phoenix VIRTUAL | −0.0022% | 1h | 0.7210 | +0.458% | $11K | $37K | 5x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0005% | 1h | 0.7179 | +0.028% | $14K | — | 150x | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | 0.7117 | −0.836% | $46 | $88K | 5.5x | as long as short |
| SoDEX VIRTUAL-USD | +0.0040% | 1h | 0.7176 | −0.021% | $1K | $9K | 5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.0090% | 4h | 0.7174 | −0.042% | $14K | $1.4M | 10x | as long as short |
| Hyperliquid VIRTUAL | +0.0100% | 1h | 0.7187 | +0.132% | $8.8M | $4.1M | 5x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster VIRTUALUSDT | +0.0100% | 4h | 0.7177 | +0.002% | $94K | $294K | 20x | as long as short |
| Pacifica VIRTUAL | +0.0100% | 1h | 0.7181 | +0.054% | $71K | $43K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.0100% | 4h | 0.7176 | −0.014% | $16.2M | $41.0M | 75x | as long as short |
| Bybit VIRTUALUSDT | +0.0100% | 4h | 0.7172 | −0.070% | $16.6M | $18.6M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAPshort | +0.0100% | 4h | 0.7179 | +0.028% | $2.9M | $9.9M | 20x | |
| Gate VIRTUAL_USDT | +0.0100% | 4h | 0.7179 | +0.028% | $1.5M | $3.3M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.0100% | 4h | 0.7176 | −0.014% | $16.4M | $4.7M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | +0.0100% | 4h | 0.7179 | +0.028% | $3.0M | $4.3M | 50x | as long as short |
| Bitget VIRTUALUSDT | +0.0100% | 4h | 0.7178 | +0.014% | $6.2M | $5.8M | 25x | as long as short |
| BingX VIRTUAL-USDT | +0.0100% | 4h | 0.7177 | 0.000% | — | $7.9M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.0100% | 1h | 0.7183 | +0.084% | $241K | $213K | 10x | as long as short |
| Variational Omni VIRTUAL | +0.0100% | 4h | 0.7208 | +0.428% | $539K | $913K | — | as long as short |
| edgeX VIRTUALUSDC | +0.0100% | 4h | 0.7188 | +0.160% | $19K | $260K | 10x | as long as short |
| GRVT VIRTUAL_USDT_Perp | +0.0100% | 4h | 0.7187 | +0.139% | $638K | $953K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.0100% | 1h | 0.7210 | +0.460% | $41K | $238K | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.0100% | 1h | 0.7178 | +0.017% | $54K | $1.1M | 5x | as long as short |
| SunX VIRTUAL-USDT | +0.0100% | 4h | 0.7176 | −0.014% | $1K | $1.3M | 20x | as long as short |
| Extended VIRTUAL-USD | +0.0104% | 1h | 0.7174 | −0.039% | $57K | $267K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.0104% | 1h | 0.7174 | −0.044% | $18K | — | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | L +0.0299% / S −0.0228% | 1h | 0.7179 | +0.023% | $30K | — | 100x | as long as short |
| BloFin VIRTUAL-USDTlong | +0.0340% | 4h | 0.7177 | long leg | $799K | $951K | 75x | |
| Coinbase International VIRTUAL-PERP-INTX | +0.0440% | 1h | 0.7214 | +0.516% | $201K | $104K | 50x | as long as short |
| Kraken Futures PF_VIRTUALUSD | +0.0487% | 1h | 0.7187 | +0.140% | $589K | $665K | 50x | as long as short |
BloFin VIRTUAL-USDT
OKX VIRTUAL-USDT-SWAP
Deribit VIRTUAL_USDC-PERPETUAL
Lighter VIRTUAL
01 Exchange VIRTUALUSD
Phoenix VIRTUAL
gTrade (Gains Network) VIRTUAL/USD
Injective VIRTUAL/USDC PERP
SoDEX VIRTUAL-USD
Hyperliquid VIRTUAL
Aster VIRTUALUSDT
Pacifica VIRTUAL
Binance VIRTUALUSDT
Bybit VIRTUALUSDT
Gate VIRTUAL_USDT
MEXC VIRTUAL_USDT
KuCoin VIRTUALUSDTM
Bitget VIRTUALUSDT
BingX VIRTUAL-USDT
Backpack VIRTUAL_USDC_PERP
Variational Omni VIRTUAL
edgeX VIRTUALUSDC
GRVT VIRTUAL_USDT_Perp
ApeX Omni VIRTUALUSDT
Polymarket Perps VIRTUAL-USD
SunX VIRTUAL-USDT
Extended VIRTUAL-USD
GMX VIRTUAL/USD [WBTC.b-USDC]
Coinbase International VIRTUAL-PERP-INTX
Kraken Futures PF_VIRTUALUSD