Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against BloFin+0.019%72s7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$254as 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−$2532.534% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.019%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.045% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.064%). Swap the legs. The two prices were read 72 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 ARPA-USDT | 0.01079 | 0.0120 | pay 0.0120% / 8h | 5h 16m | $138K | $20K | 50x |
| Short | Bybit ARPAUSDT | 0.01079 | 0.0100 | get 0.0100% / 8h | 5h 16m | $274K | $196K | 25x |
BloFin ARPA-USDT
Bybit ARPAUSDTFunding 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
- −$4.17
- Price spread: +0.019% → +0.064%
- −$4.53
- Slippage, 4 orders
- −$230.39
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$262.09
- Costs to cover
- 2.534%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 15 min ago; Bybit: live order book, 29 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, 15 min ago | 3.72 bp | 21.9 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 29 min ago | 2.32 bp | 109.4 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
ARPA on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARPAUSDT | +0.0100% | 8h | 0.01079 | −0.047% | $4K | $7K | 5x | as long as short |
| Binance ARPAUSDT | +0.0100% | 8h | 0.01078 | −0.073% | $2.1M | $1.6M | 50x | as long as short |
| Bybit ARPAUSDTshort | +0.0100% | 8h | 0.01079 | +0.019% | $274K | $196K | 25x | |
| Gate ARPA_USDT | +0.0100% | 8h | 0.01079 | −0.046% | $69K | $143K | 25x | as long as short |
| MEXC ARPA_USDT | +0.0100% | 8h | 0.01079 | −0.037% | $273K | $122K | 125x | as long as short |
| KuCoin ARPAUSDTM | +0.0100% | 8h | 0.01077 | −0.158% | $283K | $204K | 30x | as long as short |
| Bitget ARPAUSDT | +0.0100% | 8h | 0.01079 | −0.009% | $480K | $257K | 50x | as long as short |
| BingX ARPA-USDT | +0.0100% | 8h | 0.01079 | +0.028% | — | $1.2M | — | as long as short |
| Variational Omni ARPA | +0.0100% | 8h | 0.01079 | +0.022% | $8K | $107 | — | as long as short |
| BloFin ARPA-USDTlong | +0.0120% | 8h | 0.01079 | long leg | $138K | $20K | 50x |
Aster ARPAUSDT
Binance ARPAUSDT
Gate ARPA_USDT
MEXC ARPA_USDT
KuCoin ARPAUSDTM
Bitget ARPAUSDT
BingX ARPA-USDT
Variational Omni ARPA