Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.058%
Price spread now: Bybit against BloFin−0.141%52s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as 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−$910.909% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.141%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.145% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BANK-USDT | 0.03539 | 0.0340 | pay 0.0170% / 4h | 1h 34m | $455K | $72K | 50x |
| Short | Bybit BANKUSDT | 0.03534 | 0.0100 | get 0.0050% / 4h | 1h 34m | $2.9M | $6.5M | 20x |
BloFin BANK-USDT
Bybit BANKUSDTFunding 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
- −$50.4
- Price spread: −0.141% → +0.004%
- −$14.53
- Slippage, 4 orders
- −$67.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$155.83
- Costs to cover
- 0.909%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Bybit: live order book, 4 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, 6 min ago | 1.42 bp | 18.9 bp −$19 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.42 bp | 29.2 bp −$29 | 277.8 bp −$2,778 | doesn't fit | doesn't fit |
BANK on 11 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 BANKUSDT | +0.0100% | 4h | 0.03527 | −0.338% | $56K | $125K | 5x | as long as short |
| Binance BANKUSDT | +0.0100% | 4h | 0.03532 | −0.198% | $7.9M | $31.5M | 50x | as long as short |
| Bybit BANKUSDTshort | +0.0100% | 4h | 0.03534 | −0.141% | $2.9M | $6.5M | 20x | |
| Gate BANK_USDT | +0.0100% | 4h | 0.03532 | −0.198% | $727K | $1.4M | 10x | as long as short |
| MEXC BANK_USDT | +0.0100% | 4h | 0.03532 | −0.198% | $2.5M | $572K | 20x | as long as short |
| KuCoin BANKUSDTM | +0.0100% | 4h | 0.03534 | −0.141% | $1.2M | $173K | 50x | as long as short |
| HTX BANK-USDT | +0.0100% | 4h | 0.03525 | −0.396% | $41K | $250K | 20x | as long as short |
| edgeX BANKUSDC | +0.0109% | 4h | 0.03526 | −0.379% | $1K | $244K | 5x | as long as short |
| BloFin BANK-USDTlong | +0.0340% | 4h | 0.03539 | long leg | $455K | $72K | 50x | |
| BingX BANK-USDT | +0.0420% | 4h | 0.03528 | −0.311% | — | $6.9M | — | as long as short |
Aster BANKUSDT
Binance BANKUSDT
Gate BANK_USDT
MEXC BANK_USDT
KuCoin BANKUSDTM
HTX BANK-USDT
edgeX BANKUSDC
BingX BANK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BANKUSDT | +0.0430% | 4h | 0.03534 | −0.141% | $2.9M | $3.5M | 25x | as long as short |
Bitget BANKUSDT