Funding you earn now, next payment 08:00 UTC+0.1165%/8h= +127.6% APRnext payment +$5.83 per $10,000 · paid last 24h +0.118%
Price spread now: BloFin against Bybit−0.368%72s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as 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−$1621.619% of the position
Funding, last 7 days+0.446%+$45 on $10k
+Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.368%, 7d avg +0.005%
=Funding pays, the price is against you. BloFin is 0.373% cheaper against Bybit than usual: you would sell low and buy high (spread −0.368% now, against its 7-day average of +0.005%). If the spread goes back, that is −$37 on $10k: about 26 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.446% in total) that is about 5.9 days. 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 0.446% in total (about 23.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.83 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 CASHCATUSDT | 0.1575 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $11.7M | $19.0M | 10x |
| Short | BloFin CASHCAT-USDT | 0.1569 | 0.1265 | get 0.0633% / 4h | 2h 52m | $52K | $520K | 20x |
Bybit CASHCATUSDT
BloFin CASHCAT-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $244.68
- Price spread: −0.368% → +0.005%
- −$37.31
- Slippage, 4 orders
- −$138.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $45.45
- Costs to cover
- 1.619%
- Break-even
- 5.7 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 39 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, 1 min ago | 0.96 bp | 32.5 bp −$33 | 122.5 bp −$1,225 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 31.00 bp | 42.5 bp −$42 | 56.9 bp −$569 | doesn't fit | doesn't fit |
CASHCAT on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter CASHCAT | −0.0968% | 1h | 0.1569 | −0.375% | $1.1M | $1.8M | 3x | as long as short |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1571 | −0.241% | $319K | $919K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1570 | −0.287% | $42.9M | $20.0M | 3x | as long as short |
| Bybit CASHCATUSDTlong | +0.0100% | 4h | 0.1575 | long leg | $11.7M | $19.0M | 10x | |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1568 | −0.432% | $1.4M | $2.0M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1573 | −0.089% | $7.8M | $511K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1568 | −0.406% | $552K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1582 | +0.481% | $1.0M | $1.7M | — | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1568 | −0.401% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1569 | −0.394% | $471 | $1K | 3x | as long as short |
Lighter CASHCAT
Lighter RH CASHCAT
Hyperliquid CASHCAT
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
SunX CASHCAT-USDT
SoDEX CASHCAT-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1568 | −0.422% | $18K | $310K | 10x | as long as short |
| Nado CASHCAT-PERP | +0.0349% | 1h | 0.1568 | −0.464% | $212K | $182K | 5x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1568 | −0.404% | $96K | $743K | 5x | as long as short |
| edgeX CASHCATUSDC | +0.0742% | 4h | 0.1577 | +0.151% | $48K | $169K | 5x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0808% | 1h | 0.1569 | −0.362% | $67K | $1.3M | 3x | as long as short |
| BingX CASHCAT-USDT | +0.0890% | 4h | 0.1575 | +0.013% | — | $1.1M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0985% | 4h | 0.1574 | −0.051% | $1.4M | $11.2M | 20x | as long as short |
| Aster CASHCATUSDT | +0.1031% | 1h | 0.1572 | −0.149% | $525K | $1.1M | 10x | as long as short |
| BloFin CASHCAT-USDTshort | +0.1265% | 4h | 0.1569 | −0.368% | $52K | $520K | 20x | |
| ApeX Omni CASHCATUSDT | +0.1874% | 1h | 0.1585 | +0.641% | $72K | $64K | 50x | as long as short |
| Arcus CASHCAT-USD | +0.2390% | 1h | 0.1572 | −0.163% | $95K | $268K | 5x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1596 | +1.346% | $8K | $18K | 5.5x | as long as short |
HTX CASHCAT-USDT
Nado CASHCAT-PERP
Extended CASHCAT-USD
edgeX CASHCATUSDC
Polymarket Perps CASHCAT-USD
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
Aster CASHCATUSDT
ApeX Omni CASHCATUSDT
Arcus CASHCAT-USD
Injective CASHCAT/USDC PERP