BLESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0587%/8h= +64.2% APRnext payment +$2.93 per $10,000 · paid last 24h +0.078%

Price spread now: BloFin against Bybit+0.416%72s7-day average +0.321% · you sell dearer than you buy

Net, funding: paid 7d − costs−$321as 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−$2842.842% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.416%, 7d avg +0.321%

Together, before fees−0.377%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and BloFin is 0.095% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.321%. Mind the row above: over the last 7 days funding on this pair cost −0.370%, so the current rate has only just turned in your favour. The two prices were read 72 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 -0.370% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.93 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	Bybit BLESSUSDT	0.009380	0.0100	pay 0.0050% / 4h	3h 17m	$2.6M	$529K	13x
Short	BloFin BLESS-USDT	0.009419	0.0687	get 0.0343% / 4h	3h 17m	$464K	$180K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.416%Rate

Funding earned: $123.21
Price spread: +0.416% → +0.321%: $9.52
Slippage, 4 orders: −$261.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$151.44
Costs to cover: 2.842%
Break-even: 15.6 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 53 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 Bybit live order book, 4 min ago	3.20 bp	113.7 bp −$114	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	3.20 bp	28.8 bp −$29	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	−21.761%	$228K	$3K	10x	as long as short
Bybit BLESSUSDTlong	+0.0100%	4h	0.009380	long leg	$2.6M	$529K	13x
Variational Omni BLESS	+0.0100%	4h	0.009380	+0.005%	$9K	$1K	—	as long as short
SunX BLESS-USDT	+0.0100%	4h	0.009321	−0.629%	$2K	$703K	20x	as long as short
KuCoin BLESSUSDTM	+0.0144%	4h	0.009375	−0.053%	$2.4M	$205K	40x	as long as short
Gate BLESS_USDT	+0.0264%	4h	0.009385	+0.053%	$891K	$761K	20x	as long as short
Bitget BLESSUSDT	+0.0338%	4h	0.009404	+0.256%	$2.8M	$715K	10x	as long as short
BloFin BLESS-USDTshort	+0.0687%	4h	0.009419	+0.416%	$464K	$180K	40x
BingX BLESS-USDT	+0.0691%	4h	0.009400	+0.213%	—	$6.7M	—	as long as short
MEXC BLESS_USDT	+0.0726%	4h	0.009412	+0.341%	$7.4M	$649K	100x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BLESSUSDT	+0.0730%	4h	0.009410	+0.320%	$4.6M	$3.5M	40x	as long as short
Aster BLESSUSDT	+0.0920%	4h	0.009400	+0.213%	$51K	$56K	5x	as long as short