Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Bybit−0.057%62s7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as 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−$1291.289% of the position
Funding, last 7 days−0.349%−$35 on $10k
+Price spread, last 4 days (all we have)+0.295%+$29 · spread now −0.057%, 7d avg −0.053%
=The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 62 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 AXLUSDT | 0.05284 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $1.5M | $1.9M | 25x |
| Short | BloFin AXL-USDT | 0.05281 | 0.0046 | get 0.0023% / 4h | 1h 14m | $124K | $10K | 50x |
Bybit AXLUSDT
BloFin AXL-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
- −$11.35
- Price spread: −0.057% → −0.053%
- −$0.41
- Slippage, 4 orders
- −$105.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$140.71
- Costs to cover
- 1.289%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 22 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 | 2.83 bp | 37.8 bp −$38 | 177.0 bp −$1,770 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 3.79 bp | 29.1 bp −$29 | 85.0 bp −$850 | 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-USDTshort | +0.0046% | 4h | 0.05281 | −0.057% | $124K | $10K | 50x | |
| BingX AXL-USDT | +0.0070% | 4h | 0.05281 | −0.057% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05282 | −0.040% | $35K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05282 | −0.029% | $1.9M | $4.1M | 50x | as long as short |
| Bybit AXLUSDTlong | +0.0100% | 4h | 0.05284 | long leg | $1.5M | $1.9M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05278 | −0.114% | $330K | $170K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05283 | −0.019% | $446K | $92K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05276 | −0.151% | $569K | $296K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05295 | +0.217% | $6K | $23K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL