Funding you earn now, next payment 08:00 UTC−0.0994%/8h= −108.8% APRnext payment −$4.97 per $10,000 · paid last 24h +0.051%
Price spread now: BloFin against Bybit+0.148%52s7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$580as 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−$5725.717% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.148%, 7d avg +0.204%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and BloFin is 0.056% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.204%). Swap the legs. The two prices were read 52 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 -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.97 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 FOLKSUSDT | 2.1688 | 0.1091 | pay 0.0546% / 4h | 1h 34m | $1.2M | $348K | 20x |
| Short | BloFin FOLKS-USDT | 2.1720 | 0.0097 | get 0.0049% / 4h | 1h 34m | $412K | $30K | 50x |
Bybit FOLKSUSDT
BloFin FOLKS-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
- −$208.65
- Price spread: +0.148% → +0.204%
- −$5.64
- Slippage, 4 orders
- −$548.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$786.01
- Costs to cover
- 5.717%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 51 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 | 8.30 bp | 212.6 bp −$213 | 7225.0 bp −$72.3K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 6.97 bp | 52.3 bp −$52 | 172.5 bp −$1,725 | doesn't fit | doesn't fit |
FOLKS 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter FOLKS | +0.0096% | 1h | 2.1737 | +0.226% | $74K | $3K | 3x | as long as short |
| BloFin FOLKS-USDTshort | +0.0097% | 4h | 2.1720 | +0.148% | $412K | $30K | 50x | |
| Aster FOLKSUSDT | +0.0100% | 4h | 2.1669 | −0.089% | $44K | $12K | 5x | as long as short |
| Gate FOLKS_USDT | +0.0100% | 8h | 2.1640 | −0.221% | $265K | $113K | 50x | as long as short |
| KuCoin FOLKSUSDTM | +0.0100% | 4h | 2.1590 | −0.452% | $1.2M | $3.3M | 50x | as long as short |
| Variational Omni FOLKS | +0.0100% | 4h | 2.1684 | −0.017% | $14K | $687 | — | as long as short |
| MEXC FOLKS_USDT | +0.0132% | 4h | 2.1730 | +0.194% | $984K | $180K | 100x | as long as short |
| Binance FOLKSUSDT | +0.0140% | 4h | 2.1728 | +0.187% | $6.4M | $1.5M | 50x | as long as short |
| Bitget FOLKSUSDT | +0.0332% | 4h | 2.1673 | −0.069% | $1.0M | $175K | 50x | as long as short |
| Bybit FOLKSUSDTlong | +0.1091% | 4h | 2.1688 | long leg | $1.2M | $348K | 20x |
Lighter FOLKS
Aster FOLKSUSDT
Gate FOLKS_USDT
KuCoin FOLKSUSDTM
Variational Omni FOLKS
MEXC FOLKS_USDT
Binance FOLKSUSDT
Bitget FOLKSUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX FOLKS-USDT | +0.1148% | 4h | 2.1700 | +0.055% | — | $6.6M | — | as long as short |
BingX FOLKS-USDT