Funding you earn now, next payment 04:00 UTC+0.1626%/8h= +178.0% APRnext payment +$8.13 per $10,000 · paid last 24h +0.292%
Price spread now: BloFin against Bybit+0.571%82s7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as 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−$1741.744% of the position
Funding, last 7 days+0.451%+$45 on $10k
+Price spread, last 3 days (all we have)−1.154%−$115 · spread now +0.571%, 7d avg +0.174%
=Both sides work for this trade now. Funding pays +$49 a day on $10k at the current rate, and BloFin is 0.397% dearer against Bybit than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.174%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.451% in total (about 23.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALCHUSDT | 0.05428 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $3.3M | $5.5M | 20x |
| Short | BloFin ALCH-USDT | 0.05459 | 0.1726 | get 0.0863% / 4h | 3h 12m | $431K | $111K | 10x |
Bybit ALCHUSDT
BloFin ALCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $341.36
- Price spread: +0.571% → +0.174%
- $39.75
- Slippage, 4 orders
- −$151.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $206.67
- Costs to cover
- 1.744%
- Break-even
- 2.8 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 40 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 Bybit live order book, 1 min ago | 4.60 bp | 56.2 bp −$56 | 350.2 bp −$3,502 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 2.85 bp | 30.8 bp −$31 | 113.3 bp −$1,133 | doesn't fit | doesn't fit |
ALCH on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ALCH-USDT | +0.0070% | 4h | 0.05447 | +0.350% | — | $6.7M | — | as long as short |
| Bybit ALCHUSDTlong | +0.0100% | 4h | 0.05428 | long leg | $3.3M | $5.5M | 20x | |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05424 | −0.074% | $293K | $632K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05448 | +0.368% | $997K | $1.5M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05393 | −0.642% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.1520% | 4h | 0.05451 | +0.424% | $12K | $78K | 5x | as long as short |
| MEXC ALCH_USDT | +0.1712% | 4h | 0.05446 | +0.332% | $5.3M | $2.3M | 100x | as long as short |
| Binance ALCHUSDT | +0.1713% | 4h | 0.05449 | +0.393% | $6.7M | $25.4M | 10x | as long as short |
| BloFin ALCH-USDTshort | +0.1726% | 4h | 0.05459 | +0.571% | $431K | $111K | 10x | |
| Kraken Futures PF_ALCHUSD | +0.1780% | 1h | 0.05452 | +0.436% | $9K | $30K | 10x | as long as short |
BingX ALCH-USDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
MEXC ALCH_USDT
Binance ALCHUSDT
Kraken Futures PF_ALCHUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALCHUSDTM | +0.1830% | 4h | 0.05441 | +0.239% | $1.3M | $253K | 10x | as long as short |
KuCoin ALCHUSDTM