Funding you earn now, next payment 04:00 UTC−0.3031%/8h= −331.9% APRnext payment −$15.16 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Bybit−0.521%72s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as 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−$1491.493% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)+0.995%+$100 · spread now −0.521%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$91 a day on $10k at the current rate, and BloFin is 0.511% cheaper against Bybit than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of −0.010%). Swap the legs. 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 -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.16 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 DATAUSDT | 0.2227 | −0.1196 | get 0.0598% / 4h | 1h 20m | $1.4M | $2.0M | 20x |
| Short | BloFin DATA-USDT | 0.2215 | −0.4228 | pay 0.2114% / 4h | 1h 20m | $121K | $7K | 20x |
Bybit DATAUSDT
BloFin DATA-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
- −$636.61
- Price spread: −0.521% → −0.010%
- −$51.07
- Slippage, 4 orders
- −$126.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$836.93
- Costs to cover
- 1.493%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 16 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, 2 min ago | 9.04 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 8.97 bp | 31.1 bp −$31 | 90.5 bp −$905 | doesn't fit | doesn't fit |
DATA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DATA-USDTshort | −0.4228% | 4h | 0.2215 | −0.521% | $121K | $7K | 20x | |
| MEXC DATA_USDT | −0.4200% | 4h | 0.2216 | −0.476% | $101K | $273K | 20x | as long as short |
| OKX DATA-USDT-SWAP | −0.4184% | 4h | 0.2219 | −0.341% | $1.3M | $8.1M | 20x | as long as short |
| Gate DATA_USDT | −0.2656% | 4h | 0.2224 | −0.117% | $116K | $96K | 20x | as long as short |
| Extended DATA-USD | −0.2600% | 1h | 0.2216 | −0.493% | $921 | $60 | 5x | as long as short |
| KuCoin DATAUSDTM | −0.1924% | 4h | 0.2224 | −0.117% | $208K | $1.0M | 30x | as long as short |
| Bybit DATAUSDTlong | −0.1196% | 4h | 0.2227 | long leg | $1.4M | $2.0M | 20x | |
| Bitget DATAUSDT | −0.0032% | 4h | 0.2229 | +0.108% | $682K | $539K | 50x | as long as short |
| Lighter DATA | +0.0096% | 1h | 0.2219 | −0.341% | $61K | $250K | 10x | as long as short |
MEXC DATA_USDT
OKX DATA-USDT-SWAP
Gate DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Bitget DATAUSDT
Lighter DATA