Settings8H · net · $10k
Funding arb · Price arb /

BIRB

all BIRB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.75 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BloFin+0.402%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.402% dearer against BloFin than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BIRB-USDT0.067140.0331pay 0.0165% / 4h2h 22m$82K$5K25x
ShortBybit BIRBUSDT0.067410.0480get 0.0240% / 4h2h 22m$634K$473K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$31.35
Price spread: +0.402% → 0.000%
$40.21
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$48.57
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 18 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Bybit live order book, 18 min ago5.94 bp66.2 bp −$66doesn't fitdoesn't fitdoesn't fit
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BIRB on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BIRBUSDT+0.0100%4h0.06757+0.643%$15K$16K5xas long as short
Binance BIRBUSDT+0.0100%4h0.06774+0.894%$1.2M$1.9M50xas long as short
Gate BIRB_USDT+0.0100%4h0.06746+0.477%$53K$65K20xas long as short
MEXC BIRB_USDT+0.0100%4h0.06762+0.715%$138K$101K50xas long as short
KuCoin BIRBUSDTM+0.0100%4h0.06761+0.700%$80K$36K20xas long as short
Bitget BIRBUSDT+0.0100%4h0.06738+0.357%$419K$157K20xas long as short
BingX BIRB-USDT+0.0264%4h0.06770+0.834%$753Kas long as short
BloFin BIRB-USDTlong+0.0331%4h0.06714long leg$82K$5K25x
Bybit BIRBUSDTshort+0.0480%4h0.06741+0.402%$634K$473K25x