Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h −0.006%
Price spread now: BloFin against Bybit+0.217%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1821.820% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 4 days (all we have)−0.578%−$58 · spread now +0.217%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.202% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CFGUSDT | 0.1385 | 0.0100 | pay 0.0050% / 4h | 25m 15s | $2.0M | $2.0M | 25x |
| Short | BloFin CFG-USDT | 0.1388 | 0.0156 | get 0.0078% / 4h | 25m 15s | $196K | $34K | 50x |
Bybit CFGUSDT
BloFin CFG-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
- $11.8
- Price spread: +0.217% → +0.015%
- $20.21
- Slippage, 4 orders
- −$159.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$150.01
- Costs to cover
- 1.820%
- Break-even
- 96.0 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 5 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 | 3.61 bp | 51.4 bp −$51 | 400.3 bp −$4,003 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 10.78 bp | 34.9 bp −$35 | 99.6 bp −$996 | 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 | −0.1799% | 1h | 0.1386 | +0.081% | $11K | $5K | 10x | as long as short |
| Aster CFGUSDT | +0.0100% | 4h | 0.1385 | +0.032% | $11K | $41K | 10x | as long as short |
| Binance CFGUSDT | +0.0100% | 4h | 0.1387 | +0.145% | $3.0M | $8.0M | 50x | as long as short |
| Bybit CFGUSDTlong | +0.0100% | 4h | 0.1385 | long leg | $2.0M | $2.0M | 25x | |
| Gate CFG_USDT | +0.0100% | 4h | 0.1387 | +0.130% | $549K | $335K | 20x | as long as short |
| MEXC CFG_USDT | +0.0100% | 4h | 0.1386 | +0.072% | $371K | $141K | 20x | as long as short |
| KuCoin CFGUSDTM | +0.0100% | 4h | 0.1387 | +0.144% | $434K | $137K | 20x | as long as short |
| Bitget CFGUSDT | +0.0100% | 4h | 0.1387 | +0.144% | $976K | $879K | 20x | as long as short |
| BingX CFG-USDT | +0.0100% | 4h | 0.1387 | +0.144% | — | $1.7M | — | as long as short |
| SunX CFG-USDT | +0.0100% | 4h | 0.1386 | +0.072% | $2K | $1.2M | 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 | 0.1387 | +0.118% | $29K | $295K | 5x | as long as short |
| BloFin CFG-USDTshort | +0.0156% | 4h | 0.1388 | +0.217% | $196K | $34K | 50x |
Extended CFG-USD