Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: OKX against BloFin−0.358%73s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as 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−$400.401% of the position
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 4 days (all we have)+0.524%+$52 · spread now −0.358%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.381% cheaper against BloFin than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 73 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 VIRTUAL-USDT | 0.7270 | 0.0340 | pay 0.0170% / 4h | 2h 57m | $781K | $1.1M | 75x |
| Short | OKX VIRTUAL-USDT-SWAP | 0.7244 | 0.0100 | get 0.0050% / 4h | 2h 57m | $2.9M | $10.3M | 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: −0.358% → +0.023%
- −$38.06
- Slippage, 4 orders
- −$18.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$128.56
- Costs to cover
- 0.401%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago | 0.69 bp | 7.7 bp −$8 | 12.5 bp −$125 | 67.6 bp −$6,759 | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.07 bp | 11.8 bp −$12 | 40.1 bp −$401 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_VIRTUALUSD | −0.0237% | 1h | 0.7253 | −0.232% | $520K | $724K | 50x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.0164% | 1h | 0.7248 | −0.303% | $15K | $30K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.0139% | 1h | 0.7249 | −0.293% | $24 | — | 10x | as long as short |
| Phoenix VIRTUAL | −0.0034% | 1h | 0.7276 | +0.080% | $11K | $35K | 5x | as long as short |
| SoDEX VIRTUAL-USD | +0.0006% | 1h | 0.7244 | −0.360% | $1K | $9K | 5x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0006% | 1h | 0.7279 | +0.124% | $22K | — | 150x | as long as short |
| Lighter VIRTUAL | +0.0032% | 1h | 0.7242 | −0.381% | $330K | $383K | 5x | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | 0.7117 | −2.105% | $46 | $88K | 5.5x | as long as short |
| Variational Omni VIRTUAL | +0.0049% | 4h | 0.7249 | −0.287% | $543K | $754K | — | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.0084% | 4h | 0.7246 | −0.330% | $15K | $1.9M | 10x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid VIRTUAL | +0.0100% | 1h | 0.7255 | −0.208% | $9.0M | $3.7M | 5x | as long as short |
| Aster VIRTUALUSDT | +0.0100% | 4h | 0.7249 | −0.286% | $92K | $304K | 20x | as long as short |
| Pacifica VIRTUAL | +0.0100% | 1h | 0.7253 | −0.239% | $71K | $43K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.0100% | 4h | 0.7248 | −0.303% | $16.2M | $41.5M | 75x | as long as short |
| Bybit VIRTUALUSDT | +0.0100% | 4h | 0.7248 | −0.303% | $16.8M | $18.8M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAPshort | +0.0100% | 4h | 0.7244 | −0.358% | $2.9M | $10.3M | 20x | |
| Gate VIRTUAL_USDT | +0.0100% | 4h | 0.7247 | −0.316% | $1.6M | $3.1M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.0100% | 4h | 0.7246 | −0.330% | $15.5M | $5.2M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | +0.0100% | 4h | 0.7249 | −0.289% | $3.4M | $4.6M | 50x | as long as short |
| Bitget VIRTUALUSDT | +0.0100% | 4h | 0.7251 | −0.261% | $6.1M | $5.6M | 25x | as long as short |
| BingX VIRTUAL-USDT | +0.0100% | 4h | 0.7247 | −0.316% | — | $7.9M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.0100% | 1h | 0.7247 | −0.316% | $248K | $174K | 10x | as long as short |
| edgeX VIRTUALUSDC | +0.0100% | 4h | 0.7252 | −0.249% | $19K | $259K | 10x | as long as short |
| GRVT VIRTUAL_USDT_Perp | +0.0100% | 4h | 0.7258 | −0.160% | $640K | $1.3M | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.0100% | 1h | 0.7257 | −0.179% | $41K | $234K | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.0100% | 1h | 0.7257 | −0.179% | $48K | $1.0M | 5x | as long as short |
| SunX VIRTUAL-USDT | +0.0100% | 4h | 0.7251 | −0.261% | $2K | $1.3M | 20x | as long as short |
| Extended VIRTUAL-USD | +0.0104% | 1h | 0.7245 | −0.344% | $54K | $308K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.0104% | 1h | 0.7245 | −0.340% | $18K | — | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | L +0.0313% / S −0.0258% | 1h | 0.7252 | −0.244% | $33K | — | 100x | as long as short |
| BloFin VIRTUAL-USDTlong | +0.0340% | 4h | 0.7270 | long leg | $781K | $1.1M | 75x | |
| Coinbase International VIRTUAL-PERP-INTX | +0.0472% | 1h | 0.7289 | +0.261% | $203K | $101K | 50x | as long as short |
| 01 Exchange VIRTUALUSD | +0.6168% | 1h | 0.7391 | +1.664% | $2K | $80 | 10x | as long as short |
BloFin VIRTUAL-USDT
OKX VIRTUAL-USDT-SWAP
Kraken Futures PF_VIRTUALUSD
Deribit VIRTUAL_USDC-PERPETUAL
Phoenix VIRTUAL
SoDEX VIRTUAL-USD
gTrade (Gains Network) VIRTUAL/USD
Lighter VIRTUAL
Injective VIRTUAL/USDC PERP
Variational Omni VIRTUAL
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
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
01 Exchange VIRTUALUSD