Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against BloFin−0.315%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1011.011% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.315%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.238% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALT-USDT | 0.007608 | 0.0132 | pay 0.0066% / 4h | 28m 42s | $172K | $10K | 50x |
| Short | Bybit ALTUSDT | 0.007584 | 0.0100 | get 0.0050% / 4h | 28m 42s | $1.2M | $1.8M | 25x |
BloFin ALT-USDT
Bybit ALTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.67
- Price spread: −0.315% → −0.077%
- −$23.82
- Slippage, 4 orders
- −$78.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$131.56
- Costs to cover
- 1.011%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Bybit: live order book, 3 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, 1 min ago | 2.63 bp | 22.5 bp −$22 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.97 bp | 32.0 bp −$32 | 134.4 bp −$1,344 | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALT | +0.0100% | 1h | 0.007585 | −0.302% | $1.1M | $199K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007592 | −0.210% | $2.6M | $3.8M | 50x | as long as short |
| Bybit ALTUSDTshort | +0.0100% | 4h | 0.007584 | −0.315% | $1.2M | $1.8M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007590 | −0.237% | $51K | $411K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007596 | −0.158% | $384K | $186K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007592 | −0.210% | $150K | $21K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007592 | −0.210% | $597K | $112K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007589 | −0.250% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007562 | −0.602% | $4K | $16K | — | as long as short |
| BloFin ALT-USDTlong | +0.0132% | 4h | 0.007608 | long leg | $172K | $10K | 50x |
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Variational Omni ALTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | +0.0314% | 1h | 0.007606 | −0.024% | $44K | $8K | 10x | as long as short |
| Deribit ALT_USDC-PERPETUAL | +0.0407% | 1h | 0.007610 | +0.026% | — | $0 | 25x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0456% | 1h | 0.007612 | +0.053% | $14K | $3K | 50x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007691 | +1.091% | $837 | $4K | 5.5x | as long as short |
Kraken Futures PF_ALTUSD
Deribit ALT_USDC-PERPETUAL
Coinbase International ALT-PERP-INTX
Injective ALT/USDC PERP