Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against Bybit0.000%52s7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as 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−$960.961% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now 0.000%, 7d avg +0.076%
=Funding pays, the price is against you. BloFin is 0.076% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.076%). If the spread goes back, that is −$8 on $10k: about 8.6 days of funding at the current rate (+$1 a day). The two prices were read 52 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 | Bybit ALTUSDT | 0.007530 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $1.2M | $1.8M | 25x |
| Short | BloFin ALT-USDT | 0.007530 | 0.0129 | get 0.0065% / 4h | 2h 38m | $171K | $9K | 50x |
Bybit ALTUSDT
BloFin ALT-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
- $6.16
- Price spread: 0.000% → +0.076%
- −$7.58
- Slippage, 4 orders
- −$73.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$97.56
- Costs to cover
- 0.961%
- Break-even
- 117.9 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 41 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, 3 min ago | 3.31 bp | 31.7 bp −$32 | 248.3 bp −$2,483 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 41 min ago | 1.98 bp | 15.6 bp −$16 | 42.2 bp −$422 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | −0.0475% | 1h | 0.007526 | −0.053% | $44K | $8K | 10x | as long as short |
| Deribit ALT_USDC-PERPETUAL | −0.0281% | 1h | 0.007528 | −0.027% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +2.138% | $837 | $4K | 5.5x | as long as short |
| Variational Omni ALT | +0.0083% | 4h | 0.007552 | +0.289% | $4K | $16K | — | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007531 | +0.013% | $1.1M | $137K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007532 | +0.031% | $2.6M | $3.5M | 50x | as long as short |
| Bybit ALTUSDTlong | +0.0100% | 4h | 0.007530 | long leg | $1.2M | $1.8M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007528 | −0.027% | $48K | $376K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007534 | +0.053% | $378K | $171K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007534 | +0.053% | $144K | $20K | 30x | as long as short |
Kraken Futures PF_ALTUSD
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Variational Omni ALT
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007525 | −0.066% | $605K | $130K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007533 | +0.040% | — | $1.3M | — | as long as short |
| BloFin ALT-USDTshort | +0.0129% | 4h | 0.007530 | 0.000% | $171K | $9K | 50x | |
| Coinbase International ALT-PERP-INTX | +0.0408% | 1h | 0.007691 | +2.138% | $14K | $3K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Coinbase International ALT-PERP-INTX