BLESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0550%/8h= −60.2% APRnext payment −$2.75 per $10,000 · paid last 24h −0.095%

Price spread now: Bybit against BingX−0.138%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1771.774% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.138%, 7d avg −0.076%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.062% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.75 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	BingX BLESS-USDT	0.009403	0.0650	pay 0.0325% / 4h	2h 51m	—	$6.7M	—
Short	Bybit BLESSUSDT	0.009390	0.0100	get 0.0050% / 4h	2h 51m	$2.6M	$535K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$115.5
Price spread: −0.138% → −0.076%: −$6.2
Slippage, 4 orders: −$156.41
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$299.11
Costs to cover: 1.774%
Break-even: never at this rate

Slippage from BingX: live order book, 16 min ago; Bybit: live order book, 1 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 BingX live order book, 16 min ago	3.73 bp	20.1 bp −$20	84.8 bp −$848	926.5 bp −$92.7K	1242.1 bp −$621.1K
Sell Bybit live order book, 1 min ago	3.20 bp	15.0 bp −$15	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	−21.952%	$228K	$3K	10x	as long as short
Bybit BLESSUSDTshort	+0.0100%	4h	0.009390	−0.138%	$2.6M	$535K	13x
KuCoin BLESSUSDTM	+0.0100%	4h	0.009353	−0.532%	$2.4M	$215K	40x	as long as short
Variational Omni BLESS	+0.0100%	4h	0.009403	0.000%	$9K	$1K	—	as long as short
SunX BLESS-USDT	+0.0100%	4h	0.009345	−0.617%	$2K	$712K	20x	as long as short
Gate BLESS_USDT	+0.0312%	4h	0.009380	−0.245%	$889K	$743K	20x	as long as short
Bitget BLESSUSDT	+0.0348%	4h	0.009403	0.000%	$2.8M	$709K	10x	as long as short
BloFin BLESS-USDT	+0.0644%	4h	0.009420	+0.181%	$467K	$180K	40x	as long as short
MEXC BLESS_USDT	+0.0648%	4h	0.009385	−0.191%	$7.4M	$649K	100x	as long as short
BingX BLESS-USDTlong	+0.0650%	4h	0.009403	long leg	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BLESSUSDT	+0.0655%	4h	0.009421	+0.189%	$4.6M	$3.6M	40x	as long as short
Aster BLESSUSDT	+0.0830%	4h	0.009376	−0.287%	$51K	$56K	5x	as long as short