Funding you earn now, next payment 08:00 UTC−0.0111%/8h= −12.2% APRnext payment −$1.11 per $10,000 · paid last 24h −0.026%
Price spread now: OKX against BloFin−0.021%103s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as 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−$290.292% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.021%, 7d avg −0.043%
=The price spread pays, funding is against you. OKX is 0.023% dearer against BloFin than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.043%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 103 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 AAPL-USDT | 339.05 | 0.0111 | pay 0.0111% / 8h | 7h 47m | $346K | $170K | 20x |
| Short | OKX AAPL-USDT-SWAP | 338.98 | 0 | get 0.0000% / 8h | 7h 47m | $6.5M | $6.6M | 25x |
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
- −$23.41
- Price spread: −0.021% → −0.043%
- $2.25
- Slippage, 4 orders
- −$7.24
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$50.4
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 22 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, 22 min ago | 0.29 bp | 6.3 bp −$6 | 7.7 bp −$77 | 21.4 bp −$2,139 | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.15 bp | 6.7 bp −$7 | 11.3 bp −$113 | doesn't fit | doesn't fit |
AAPL 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0743% | 4h | 339.00 | −0.016% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0049% | 1h | 338.80 | −0.074% | $556K | $36K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | −0.018% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.00 | −0.015% | $6.0M | $39.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAPshort | 0.0000% | 8h | 338.98 | −0.021% | $6.5M | $6.6M | 25x | |
| Hotstuff AAPL-PERP | 0.0000% | 1h | 338.89 | −0.047% | $36K | — | 20x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.78 | −0.080% | $3.0M | $4.2M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.99 | −0.017% | $13K | $479K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.09 | +0.012% | $424 | $4.7M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.77 | −0.083% | $28K | $66K | 10x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.22 | +0.050% | $52K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.05 | 0.000% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.85 | −0.060% | $771K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.88 | −0.050% | $957K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.77 | −0.083% | — | $53K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.89 | −0.047% | $40.8M | $76.0M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.83 | −0.065% | $264K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.95 | −0.029% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.59 | −0.136% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.98 | −0.021% | $3.2M | $5.1M | 10x | as long as short |
| Bitget AAPLUSDT | +0.0077% | 8h | 339.00 | −0.015% | $6.2M | $3.4M | 100x | as long as short |
| Variational Omni AAPL | +0.0098% | 8h | 339.02 | −0.007% | $2.4M | $1.4M | — | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.60 | −0.133% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.88 | −0.050% | $947K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.96 | −0.027% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.98 | −0.020% | $11K | — | 10x | as long as short |
| BloFin AAPL-USDTlong | +0.0111% | 8h | 339.05 | long leg | $346K | $170K | 20x | |
| Binance AAPLUSDT | +0.0119% | 8h | 338.99 | −0.018% | $22.3M | $66.9M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0120% | 1h | 338.92 | −0.037% | $284K | $1.7M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 339.03 | −0.006% | $660K | $670K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.78 | −0.080% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.06 | +0.003% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0406% | 1h | 338.89 | −0.047% | $269K | $70K | 20x | as long as short |
BloFin AAPL-USDT
OKX AAPL-USDT-SWAP
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
Gate AAPL_USDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Bitget AAPLUSDT
Variational Omni AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Binance AAPLUSDT
Extended AAPL_24_5-USD
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL