Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.063%
Price spread now: BloFin against Bybit+0.269%62s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as 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−$720.724% of the position
Funding, last 7 days+0.531%+$53 on $10k
+Price spread, last 4 days (all we have)−0.432%−$43 · spread now +0.269%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.312% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 62 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 | Bybit ETHFIUSDT | 0.7062 | 0.0100 | pay 0.0050% / 4h | 28m 09s | $17.7M | $12.6M | 25x |
| Short | BloFin ETHFI-USDT | 0.7081 | 0.0340 | get 0.0170% / 4h | 28m 09s | $1.2M | $249K | 75x |
Bybit ETHFIUSDT
BloFin ETHFI-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
- $50.4
- Price spread: +0.269% → −0.043%
- $31.18
- Slippage, 4 orders
- −$49.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $9.15
- Costs to cover
- 0.724%
- Break-even
- 5.7 days
Slippage from Bybit: live order book, just now; BloFin: live order book, 4 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, just now | 2.12 bp | 17.8 bp −$18 | 41.8 bp −$418 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.42 bp | 25.6 bp −$26 | 50.3 bp −$503 | 118.6 bp −$11.9K | 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 | −0.0599% | 1h | 0.7062 | 0.000% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0278% | 4h | 0.7057 | −0.071% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0220% | 4h | 0.7061 | −0.014% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.521% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7066 | +0.056% | $264K | $209K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0053% | 8h | 0.7069 | +0.105% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7068 | +0.082% | $1.1M | $879K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7067 | +0.074% | $17.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7074 | +0.175% | $181K | $262K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7059 | −0.042% | $24.5M | $35.3M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7062 | long leg | $17.7M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7067 | +0.071% | $5.1M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7070 | +0.113% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7060 | −0.028% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7071 | +0.127% | $1.2M | $244K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7060 | −0.028% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7065 | +0.042% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7066 | +0.060% | $977K | $708K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7085 | +0.320% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7073 | +0.156% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7058 | −0.059% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7056 | −0.084% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDTshort | +0.0340% | 4h | 0.7081 | +0.269% | $1.2M | $249K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7090 | +0.396% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX