Funding you earn now, next payment 00:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.84 per $10,000 · paid last 24h −0.075%
Price spread now: Bybit against BloFin+0.280%82s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as 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−$480.483% of the position
Funding, last 7 days−0.535%−$53 on $10k
+Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.280%, 7d avg +0.029%
=The price spread pays, funding is against you. Bybit is 0.251% dearer against BloFin than usual: you sell high and buy low (spread +0.280% now, against its 7-day average of +0.029%): +$25 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.0 days. The two prices were read 82 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 ETHFI-USDT | 0.7140 | 0.0268 | pay 0.0134% / 4h | 1h 43m | $1.3M | $292K | 75x |
| Short | Bybit ETHFIUSDT | 0.7160 | 0.0100 | get 0.0050% / 4h | 1h 43m | $18.2M | $12.9M | 25x |
BloFin ETHFI-USDT
Bybit ETHFIUSDTFunding 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
- −$35.38
- Price spread: +0.280% → +0.029%
- $25.08
- Slippage, 4 orders
- −$25.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.56
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bybit: 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 BloFin live order book, 4 min ago | 1.40 bp | 11.9 bp −$12 | 32.0 bp −$320 | 93.0 bp −$9,297 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.70 bp | 15.3 bp −$15 | 43.0 bp −$430 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0448% | 1h | 0.7157 | +0.238% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7159 | +0.264% | $281K | $146K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0239% | 4h | 0.7123 | −0.238% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0178% | 4h | 0.7153 | +0.182% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.401% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7139 | −0.016% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7154 | +0.192% | $92K | $493K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0066% | 4h | 0.7154 | +0.196% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0066% | 4h | 0.7156 | +0.220% | $24.9M | $37.1M | 75x | as long as short |
| Bitget ETHFIUSDT | +0.0070% | 4h | 0.7154 | +0.196% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7159 | +0.268% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7150 | +0.143% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7165 | +0.349% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7156 | +0.219% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7160 | +0.280% | $18.2M | $12.9M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7159 | +0.266% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7160 | +0.280% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7156 | +0.224% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7159 | +0.266% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7132 | −0.115% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7161 | +0.294% | $59K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7153 | +0.182% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTlong | +0.0268% | 4h | 0.7140 | long leg | $1.3M | $292K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7155 | +0.210% | $31K | $7K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX