Funding you earn now, next payment 00:00 UTC+0.2742%/8h= +300.3% APRnext payment +$13.71 per $10,000 · paid last 24h +0.782%
Price spread now: Bybit against BloFin−0.160%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1261.263% of the position
Funding, last 7 days+0.790%+$79 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.160%, 7d avg +0.035%
=Funding pays, the price is against you. Bybit is 0.194% cheaper against BloFin than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of +0.035%). If the spread goes back, that is −$19 on $10k: about 6 hours of funding at the current rate (+$82 a day). At the pace of the last 7 days (+0.790% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.790% in total (about 41.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.71 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 | BloFin ESP-USDT | 0.09399 | 0.0148 | pay 0.0074% / 4h | 58m 50s | $121K | $35K | 25x |
| Short | Bybit ESPUSDT | 0.09384 | 0.2890 | get 0.1445% / 4h | 58m 50s | $1.1M | $586K | 50x |
BloFin ESP-USDT
Bybit ESPUSDTFunding 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
- $575.83
- Price spread: −0.160% → +0.035%
- −$19.41
- Slippage, 4 orders
- −$103.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $430.07
- Costs to cover
- 1.263%
- Break-even
- 1.8 days
Slippage from BloFin: live order book, 2 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, 2 min ago | 5.85 bp | 12.4 bp −$12 | 38.2 bp −$382 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.66 bp | 54.4 bp −$54 | 333.5 bp −$3,335 | doesn't fit | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09408 | +0.091% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09408 | +0.098% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09415 | +0.170% | $594K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09415 | +0.170% | $169K | $601K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09408 | +0.096% | $1.2M | $103K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09411 | +0.128% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09408 | +0.100% | $958K | $122K | 20x | as long as short |
| edgeX ESPUSDC | +0.0102% | 4h | 0.09393 | −0.064% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDTlong | +0.0148% | 4h | 0.09399 | long leg | $121K | $35K | 25x | |
| BingX ESP-USDT | +0.2842% | 4h | 0.09404 | +0.053% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDTshort | +0.2890% | 4h | 0.09384 | −0.160% | $1.1M | $586K | 50x |