Funding you earn now, next payment 00:00 UTC−0.2057%/8h= −225.2% APRnext payment −$10.28 per $10,000 · paid last 24h −0.782%
Price spread now: BloFin against Bybit+0.021%62s7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as 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−$1171.165% of the position
Funding, last 7 days−0.790%−$79 on $10k
+Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.021%, 7d avg −0.032%
=The price spread pays, funding is against you. BloFin is 0.053% dearer against Bybit than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.032%): +$5 on $10k if it goes back. Holding the pair costs −$62 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.790% in total) that is about 11 hours. The two prices were read 62 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 -0.790% in total (about -41.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.28 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 ESPUSDT | 0.09406 | 0.2189 | pay 0.1095% / 4h | 8m 13s | $1.1M | $598K | 50x |
| Short | BloFin ESP-USDT | 0.09408 | 0.0133 | get 0.0066% / 4h | 8m 13s | $121K | $35K | 25x |
Bybit ESPUSDT
BloFin ESP-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
- −$431.91
- Price spread: +0.021% → −0.032%
- $5.31
- Slippage, 4 orders
- −$93.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$543.13
- Costs to cover
- 1.165%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 52 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 | 2.13 bp | 34.5 bp −$35 | 270.3 bp −$2,703 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 5.85 bp | 18.8 bp −$19 | 46.5 bp −$465 | 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 | 0.09421 | +0.159% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09427 | +0.223% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09430 | +0.255% | $598K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09427 | +0.223% | $170K | $619K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09425 | +0.202% | $1.2M | $106K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09432 | +0.276% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09426 | +0.207% | $952K | $134K | 20x | as long as short |
| edgeX ESPUSDC | +0.0109% | 4h | 0.09412 | +0.068% | $29K | $269K | 10x | as long as short |
| BloFin ESP-USDTshort | +0.0133% | 4h | 0.09408 | +0.021% | $121K | $35K | 25x | |
| Bybit ESPUSDTlong | +0.2189% | 4h | 0.09406 | long leg | $1.1M | $598K | 50x |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.2244% | 4h | 0.09419 | +0.138% | — | $1.7M | — | as long as short |
BingX ESP-USDT