Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against Bybit+0.225%102s7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$497as 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−$4934.930% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.553%+$55 · spread now +0.225%, 7d avg +0.115%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.110% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.115%. 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 | Bybit APRUSDT | 0.1465 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $1.4M | $664K | 20x |
| Short | BloFin APR-USDT | 0.1468 | 0.0114 | get 0.0057% / 4h | 1h 13m | $289K | $111K | 50x |
Bybit APRUSDT
BloFin APR-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
- $2.91
- Price spread: +0.225% → +0.115%
- $11.02
- Slippage, 4 orders
- −$470.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$479.09
- Costs to cover
- 4.930%
- Break-even
- 1158.5 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 26 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, 2 min ago | 10.22 bp | 222.0 bp −$222 | 6560.8 bp −$65.6K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 6.81 bp | 46.1 bp −$46 | 112.4 bp −$1,124 | 244.2 bp −$24.4K | 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 | 0.1465 | +0.046% | $6.7M | $5.3M | 50x | as long as short |
| Bybit APRUSDTlong | +0.0100% | 4h | 0.1465 | long leg | $1.4M | $664K | 20x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1465 | +0.020% | $361K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1466 | +0.055% | $2K | $1.1M | 20x | as long as short |
| BloFin APR-USDTshort | +0.0114% | 4h | 0.1468 | +0.225% | $289K | $111K | 50x | |
| Bitget APRUSDT | +0.0192% | 4h | 0.1465 | +0.020% | $3.9M | $957K | 50x | as long as short |
| HTX APR-USDT | +0.0231% | 4h | 0.1472 | +0.498% | $19K | $58K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0393% | 4h | 0.1466 | +0.089% | $1.3M | $2.5M | 20x | as long as short |
| BingX APR-USDT | +0.0406% | 4h | 0.1465 | +0.020% | — | $1.4M | — | as long as short |
| Gate APR_USDT | +0.0662% | 4h | 0.1464 | −0.082% | $691K | $183K | 25x | as long as short |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
Bitget APRUSDT
HTX APR-USDT
OKX APR-USDT-SWAP
BingX APR-USDT
Gate APR_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0825% | 4h | 0.1464 | −0.026% | $71K | $100K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0886% | 4h | 0.1467 | +0.150% | $2.4M | $348K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM