VIRTUAL

Alert: funding

Alert: spread

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

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

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%

Together, before fees−0.320%−$32 on $10k · with fees, hour by hour

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 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 +0.028%Rate

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