Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.2% APRnext payment +$0.33 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against BloFin+0.338%102s7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$459as 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−$4634.634% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.671%−$67 · spread now +0.338%, 7d avg −0.097%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.435% dearer against BloFin than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.097%. The two prices were read 102 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 APR-USDT | 0.1480 | 0.0120 | pay 0.0060% / 4h | 2h 37m | $288K | $110K | 50x |
| Short | Bybit APRUSDT | 0.1485 | 0.0185 | get 0.0093% / 4h | 2h 37m | $1.5M | $631K | 20x |
BloFin APR-USDT
Bybit APRUSDTFunding 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
- $13.73
- Price spread: +0.338% → −0.097%
- $43.46
- Slippage, 4 orders
- −$440.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$406.16
- Costs to cover
- 4.634%
- Break-even
- 214.0 days
Slippage from BloFin: live order book, 52 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, 52 min ago | 3.40 bp | 24.8 bp −$25 | 116.6 bp −$1,166 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.37 bp | 182.2 bp −$182 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDT | +0.0100% | 4h | 0.1485 | +0.338% | $6.8M | $5.1M | 50x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1486 | +0.405% | $372K | $175K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1484 | +0.270% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1488 | +0.541% | $19K | $44K | 20x | as long as short |
| BloFin APR-USDTlong | +0.0120% | 4h | 0.1480 | long leg | $288K | $110K | 50x | |
| Bybit APRUSDTshort | +0.0185% | 4h | 0.1485 | +0.338% | $1.5M | $631K | 20x | |
| Bitget APRUSDT | +0.0188% | 4h | 0.1483 | +0.196% | $4.0M | $995K | 50x | as long as short |
| BingX APR-USDT | +0.0410% | 4h | 0.1485 | +0.338% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAP | +0.0437% | 4h | 0.1485 | +0.338% | $1.3M | $2.5M | 20x | as long as short |
| Aster APRUSDT | +0.0777% | 4h | 0.1481 | +0.079% | $72K | $80K | 5x | as long as short |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
Bitget APRUSDT
BingX APR-USDT
OKX APR-USDT-SWAP
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0858% | 4h | 0.1484 | +0.270% | $2.4M | $343K | 50x | as long as short |
| Gate APR_USDT | +0.1102% | 4h | 0.1482 | +0.128% | $701K | $204K | 25x | as long as short |
KuCoin APRUSDTM
Gate APR_USDT