Funding you earn now, next payment 00:00 UTC−0.0291%/8h= −31.9% APRnext payment −$2.91 per $10,000 · paid last 24h −0.042%
Price spread now: Bybit against BloFin−0.102%102s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as 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−$500.504% of the position
Funding, last 7 days−0.281%−$28 on $10k
+Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.102%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.065% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 102 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 FIL-USDT | 0.9813 | 0.0220 | pay 0.0220% / 8h | 2h 33m | $2.6M | $635K | 75x |
| Short | Bybit FILUSDT | 0.9803 | −0.0071 | pay 0.0071% / 8h | 2h 33m | $15.4M | $18.0M | 25x |
BloFin FIL-USDT
Bybit FILUSDTFunding 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
- −$61.09
- Price spread: −0.102% → −0.037%
- −$6.46
- Slippage, 4 orders
- −$27.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$117.9
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 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, 5 min ago | 1.53 bp | 8.5 bp −$8 | 13.3 bp −$133 | 37.1 bp −$3,710 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.51 bp | 15.1 bp −$15 | 40.6 bp −$406 | 172.7 bp −$17.3K | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0768% | 1h | 0.9811 | −0.020% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0625% | 1h | 0.9807 | −0.061% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | −0.0424% | 1h | 0.9796 | −0.178% | $156K | $332K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9816 | +0.031% | $314K | $1.9M | 50x | as long as short |
| Bybit FILUSDTshort | −0.0071% | 8h | 0.9803 | −0.102% | $15.4M | $18.0M | 25x | |
| Bitget FILUSDT | −0.0035% | 8h | 0.9799 | −0.143% | $10.8M | $21.9M | 75x | as long as short |
| Hyperliquid FIL | −0.0017% | 1h | 0.9804 | −0.097% | $8.6M | $9.4M | 5x | as long as short |
| Variational Omni FIL | −0.0014% | 8h | 0.9812 | −0.009% | $435K | $276K | — | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9806 | −0.067% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9810 | −0.031% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bitget FILUSDT
Hyperliquid FIL
Variational Omni FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0013% | 8h | 0.9801 | −0.122% | $18.0M | $96.3M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.632% | $2K | $148K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0035% | 8h | 0.9802 | −0.112% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9806 | −0.073% | $486K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9800 | −0.132% | $56.1M | $175.7M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9802 | −0.112% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9798 | −0.153% | $249K | $104K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9802 | −0.112% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9809 | −0.040% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9812 | −0.014% | $287K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9810 | −0.031% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9813 | −0.002% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9810 | −0.031% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9800 | −0.132% | $472 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9809 | −0.041% | $619K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9800 | −0.132% | $1.0M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9800 | −0.128% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDTlong | +0.0220% | 8h | 0.9813 | long leg | $2.6M | $635K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0613% / S −0.0849% | 1h | 0.9806 | −0.070% | $208K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
GMX FIL/USD [WBTC.b-USDC]