Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.044%
Price spread now: BloFin against Bybit+0.110%92s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as 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−$420.415% of the position
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.110%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 92 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 FILUSDT | 0.9993 | 0.0100 | pay 0.0100% / 8h | 7h 17m | $15.4M | $20.0M | 25x |
| Short | BloFin FIL-USDT | 1.0004 | 0.0220 | get 0.0220% / 8h | 7h 17m | $2.7M | $649K | 75x |
Bybit FILUSDT
BloFin FIL-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
- $25.2
- Price spread: +0.110% → +0.030%
- $7.98
- Slippage, 4 orders
- −$18.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$8.33
- Costs to cover
- 0.415%
- Break-even
- 9.3 days
Slippage from Bybit: live order book, 1 min ago; BloFin: 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 Bybit live order book, 1 min ago | 0.50 bp | 12.2 bp −$12 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.50 bp | 10.9 bp −$11 | 16.1 bp −$161 | 40.7 bp −$4,066 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0056% | 1h | 0.9994 | +0.010% | $355K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9997 | +0.042% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9993 | +0.001% | $58K | $887 | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0006 | +0.130% | $172K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.381% | $2K | $240K | 12x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9993 | −0.004% | $145K | $345K | 5x | as long as short |
| Kraken Futures PF_FILUSD | +0.0097% | 1h | 1.0009 | +0.162% | $1.4M | $2.1M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0097% | 8h | 0.9992 | −0.010% | $7.1M | $7.8M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9997 | +0.042% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9996 | +0.026% | $509K | $552K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Lighter FIL
Kraken Futures PF_FILUSD
KuCoin FILUSDTM
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9994 | +0.014% | $56.9M | $180.6M | 75x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9993 | long leg | $15.4M | $20.0M | 25x | |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9996 | +0.030% | $17.9M | $105.1M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9995 | +0.020% | $8.3M | $16.4M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9995 | +0.020% | $232K | $99K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9990 | −0.030% | $11.4M | $19.2M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9996 | +0.030% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9995 | +0.021% | $445K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9983 | −0.103% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9993 | −0.003% | $290K | $1.6M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9980 | −0.130% | $23K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0008 | +0.153% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.030% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0002 | +0.090% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0010 | +0.170% | $629K | $5.4M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | +0.070% | $1.3M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9996 | +0.030% | $700K | $4.2M | 10x | as long as short |
| BloFin FIL-USDTshort | +0.0220% | 8h | 1.0004 | +0.110% | $2.7M | $649K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0602% / S −0.0280% | 1h | 0.9992 | −0.007% | $267K | — | 100x | as long as short |
Binance FILUSDT
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
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]