Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.088%
Price spread now: Bybit against Binance−0.264%7-day average −0.184% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$2932.926% of the position
Funding, last 7 days+0.367%+$37 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.264%, 7d avg −0.184%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.080% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.184%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.367%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BLESSUSDT | 0.009057 | 0.0149 | pay 0.0075% / 4h | 24m 21s | $4.4M | $3.8M | 40x |
| Short | Bybit BLESSUSDT | 0.009033 | 0.0100 | get 0.0050% / 4h | 24m 21s | $2.5M | $657K | 13x |
Binance BLESSUSDT
Bybit BLESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$10.3
- Price spread: −0.264% → −0.184%
- −$8.01
- Slippage, 4 orders
- −$271.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$310.88
- Costs to cover
- 2.926%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 8 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 Binance live order book, 13 min ago | 1.10 bp | 27.8 bp −$28 | 281.7 bp −$2,817 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 5.50 bp | 118.7 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
BLESS 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT BLESS_USDT_Perp | 0.0000% | 4h | 0.007339 | −18.966% | $228K | $3K | 10x | as long as short |
| Bybit BLESSUSDTshort | +0.0100% | 4h | 0.009033 | −0.264% | $2.5M | $657K | 13x | |
| Gate BLESS_USDT | +0.0100% | 4h | 0.009022 | −0.386% | $841K | $809K | 20x | as long as short |
| KuCoin BLESSUSDTM | +0.0100% | 4h | 0.009030 | −0.297% | $2.3M | $222K | 40x | as long as short |
| Bitget BLESSUSDT | +0.0100% | 4h | 0.009043 | −0.154% | $2.7M | $759K | 10x | as long as short |
| Variational Omni BLESS | +0.0100% | 4h | 0.009028 | −0.321% | $8K | $610 | — | as long as short |
| SunX BLESS-USDT | +0.0100% | 4h | 0.008982 | −0.827% | $2K | $812K | 20x | as long as short |
| BloFin BLESS-USDT | +0.0106% | 4h | 0.009053 | −0.043% | $463K | $165K | 40x | as long as short |
| MEXC BLESS_USDT | +0.0148% | 4h | 0.009057 | +0.001% | $7.1M | $682K | 100x | as long as short |
| Binance BLESSUSDTlong | +0.0149% | 4h | 0.009057 | long leg | $4.4M | $3.8M | 40x |
GRVT BLESS_USDT_Perp
Gate BLESS_USDT
KuCoin BLESSUSDTM
Bitget BLESSUSDT
Variational Omni BLESS
SunX BLESS-USDT
BloFin BLESS-USDT
MEXC BLESS_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BLESS-USDT | +0.0170% | 4h | 0.009045 | −0.132% | — | $6.7M | — | as long as short |
| Aster BLESSUSDT | +0.0369% | 4h | 0.009041 | −0.181% | $48K | $56K | 5x | as long as short |
BingX BLESS-USDT
Aster BLESSUSDT