Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.025%
Price spread now: Bybit against BloFin+0.081%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2222.222% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.081%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.073% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BARD-USDT | 0.1353 | 0.0070 | pay 0.0035% / 4h | 31m 13s | $119K | $5K | 25x |
| Short | Bybit BARDUSDT | 0.1354 | 0.0100 | get 0.0050% / 4h | 31m 13s | $1.0M | $307K | 25x |
BloFin BARD-USDT
Bybit BARDUSDTFunding 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
- $6.26
- Price spread: +0.081% → +0.008%
- $7.32
- Slippage, 4 orders
- −$199.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$208.59
- Costs to cover
- 2.222%
- Break-even
- 240.2 days
Slippage from BloFin: live order book, 29 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, 29 min ago | 3.68 bp | 14.4 bp −$14 | 88.4 bp −$884 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.54 bp | 82.3 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
BARD 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BARD-USDT | +0.0070% | 4h | 0.1353 | 0.000% | — | $6.5M | — | as long as short |
| BloFin BARD-USDTlong | +0.0070% | 4h | 0.1353 | long leg | $119K | $5K | 25x | |
| Aster BARDUSDT | +0.0100% | 4h | 0.1354 | +0.056% | $18K | $14K | 5x | as long as short |
| Binance BARDUSDT | +0.0100% | 4h | 0.1353 | −0.018% | $2.2M | $1.8M | 25x | as long as short |
| Bybit BARDUSDTshort | +0.0100% | 4h | 0.1354 | +0.081% | $1.0M | $307K | 25x | |
| OKX BARD-USDT-SWAP | +0.0100% | 4h | 0.1354 | +0.074% | $713K | $956K | 20x | as long as short |
| Gate BARD_USDT | +0.0100% | 4h | 0.1355 | +0.148% | $191K | $44K | 20x | as long as short |
| MEXC BARD_USDT | +0.0100% | 4h | 0.1354 | +0.074% | $716K | $136K | 50x | as long as short |
| KuCoin BARDUSDTM | +0.0100% | 4h | 0.1352 | −0.089% | $100K | $69K | 25x | as long as short |
| Bitget BARDUSDT | +0.0100% | 4h | 0.1354 | +0.074% | $1.0M | $176K | 20x | as long as short |
BingX BARD-USDT
Aster BARDUSDT
Binance BARDUSDT
OKX BARD-USDT-SWAP
Gate BARD_USDT
MEXC BARD_USDT
KuCoin BARDUSDTM
Bitget BARDUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BARD | +0.0100% | 4h | 0.1354 | +0.081% | $12K | $1 | — | as long as short |
| GRVT BARD_USDT_Perp | +0.0100% | 4h | 0.1354 | +0.074% | $141K | $529K | 10x | as long as short |
Variational Omni BARD
GRVT BARD_USDT_Perp