Funding you earn now, next payment 04:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.003%
Price spread now: Bybit against BloFin−0.217%52s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as 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−$1871.868% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)+0.361%+$36 · spread now −0.217%, 7d avg −0.025%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.192% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.025%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CFG-USDT | 0.1383 | 0.0116 | pay 0.0058% / 4h | 2h 50m | $206K | $35K | 50x |
| Short | Bybit CFGUSDT | 0.1380 | 0.0100 | get 0.0050% / 4h | 2h 50m | $2.0M | $2.4M | 25x |
BloFin CFG-USDT
Bybit CFGUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.4
- Price spread: −0.217% → −0.025%
- −$19.16
- Slippage, 4 orders
- −$163.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$209.32
- Costs to cover
- 1.868%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; Bybit: live order book, 2 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 BloFin live order book, 10 min ago | 10.83 bp | 25.5 bp −$26 | 87.5 bp −$875 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 7.26 bp | 65.5 bp −$65 | 206.9 bp −$2,069 | doesn't fit | doesn't fit |
CFG 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_CFGUSD | −0.1926% | 1h | 0.1378 | −0.372% | $11K | $5K | 10x | as long as short |
| Aster CFGUSDT | +0.0100% | 4h | 0.1383 | −0.019% | $11K | $64K | 10x | as long as short |
| Binance CFGUSDT | +0.0100% | 4h | 0.1382 | −0.044% | $3.1M | $10.2M | 50x | as long as short |
| Bybit CFGUSDTshort | +0.0100% | 4h | 0.1380 | −0.217% | $2.0M | $2.4M | 25x | |
| Gate CFG_USDT | +0.0100% | 4h | 0.1383 | −0.029% | $545K | $357K | 20x | as long as short |
| MEXC CFG_USDT | +0.0100% | 4h | 0.1383 | 0.000% | $327K | $148K | 20x | as long as short |
| KuCoin CFGUSDTM | +0.0100% | 4h | 0.1382 | −0.072% | $424K | $168K | 20x | as long as short |
| Bitget CFGUSDT | +0.0100% | 4h | 0.1383 | −0.029% | $986K | $1.2M | 20x | as long as short |
| BingX CFG-USDT | +0.0100% | 4h | 0.1381 | −0.145% | — | $1.8M | — | as long as short |
| SunX CFG-USDT | +0.0100% | 4h | 0.1382 | −0.072% | $2K | $1.5M | 20x | as long as short |
Kraken Futures PF_CFGUSD
Aster CFGUSDT
Binance CFGUSDT
Gate CFG_USDT
MEXC CFG_USDT
KuCoin CFGUSDTM
Bitget CFGUSDT
BingX CFG-USDT
SunX CFG-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CFG-USD | +0.0104% | 1h | 0.1382 | −0.069% | $30K | $284K | 5x | as long as short |
| BloFin CFG-USDTlong | +0.0116% | 4h | 0.1383 | long leg | $206K | $35K | 50x |
Extended CFG-USD