Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against OKX+0.131%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days+0.195%+$19 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.131%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.141% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 198.82 | 0 | get 0.0000% / 8h | 4h 54m | $3.1M | $4.2M | 20x |
| Short | BloFin COIN-USDT | 199.08 | 0.0120 | get 0.0120% / 8h | 4h 54m | $195K | $482K | 20x |
OKX COIN-USDT-SWAP
BloFin COIN-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: +0.131% → −0.010%
- $14.12
- Slippage, 4 orders
- −$19.33
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.02
- Costs to cover
- 0.413%
- Break-even
- 7.6 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 50 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, 1 min ago | 1.76 bp | 12.7 bp −$13 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 1.76 bp | 8.8 bp −$9 | 14.1 bp −$141 | 34.1 bp −$3,408 | doesn't fit |
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.59 | −0.619% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.81 | −0.004% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.87 | +0.025% | $109K | $892K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.84 | +0.010% | $14.7M | $74.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.83 | +0.005% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 198.82 | long leg | $3.1M | $4.2M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 199.07 | +0.126% | $1.2M | $6.1M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.93 | +0.055% | $6.5M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.97 | +0.077% | $786K | $899K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 199.13 | +0.154% | $12K | $3.4M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.83 | +0.004% | $345K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.88 | +0.030% | $484K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 198.83 | +0.005% | $1.3M | $2.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 199.05 | +0.116% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.78 | −0.020% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.73 | −0.045% | $14.7M | $11.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.74 | −0.040% | $122K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.99 | +0.086% | $86 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.92 | +0.050% | $324K | $2.1M | 10x | as long as short |
| edgeX COINUSDC | +0.0079% | 4h | 198.89 | +0.034% | $51K | $292K | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.77 | −0.025% | $5K | $268K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.82 | 0.000% | $937K | $258K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.73 | −0.045% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.84 | +0.010% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.87 | +0.023% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 199.08 | +0.131% | $195K | $482K | 20x |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP