Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against BloFin+0.420%102s7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as 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−$1191.190% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 3 days (all we have)−0.404%−$40 · spread now +0.420%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.365% dearer against BloFin than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.055%. 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 AXL-USDT | 0.05243 | 0.0054 | pay 0.0027% / 4h | 3m 30s | $121K | $11K | 50x |
| Short | Bybit AXLUSDT | 0.05265 | 0.0100 | get 0.0050% / 4h | 3m 30s | $1.5M | $1.9M | 25x |
BloFin AXL-USDT
Bybit AXLUSDTFunding 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
- $9.6
- Price spread: +0.420% → +0.055%
- $36.48
- Slippage, 4 orders
- −$96.05
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$72.96
- Costs to cover
- 1.190%
- Break-even
- 60.2 days
Slippage from BloFin: live order book, 57 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, 57 min ago | 3.84 bp | 16.3 bp −$16 | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.82 bp | 39.6 bp −$40 | 212.9 bp −$2,129 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin AXL-USDTlong | +0.0054% | 4h | 0.05243 | long leg | $121K | $11K | 50x | |
| BingX AXL-USDT | +0.0070% | 4h | 0.05260 | +0.324% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05270 | +0.522% | $35K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05263 | +0.381% | $1.9M | $4.1M | 50x | as long as short |
| Bybit AXLUSDTshort | +0.0100% | 4h | 0.05265 | +0.420% | $1.5M | $1.9M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05261 | +0.343% | $344K | $163K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05262 | +0.362% | $441K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05267 | +0.458% | $579K | $301K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05242 | −0.013% | $6K | $23K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL