Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.062%
Price spread now: BloFin against Bybit−0.219%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$754as in the Funding arb table
Net, price: spread back to 7d avg − costs−$781as in the Price arb table
costs, in and out, $10k−$7637.633% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)+0.430%+$43 · spread now −0.219%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.177% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GWEIUSDT | 0.02288 | 0.0389 | pay 0.0194% / 4h | 1h 10m | $371K | $115K | 25x |
| Short | BloFin GWEI-USDT | 0.02283 | 0.0371 | get 0.0186% / 4h | 1h 10m | $170K | $28K | 50x |
Bybit GWEIUSDT
BloFin GWEI-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
- −$3.63
- Price spread: −0.219% → −0.041%
- −$17.71
- Slippage, 4 orders
- −$740.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$784.62
- Costs to cover
- 7.633%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 64 min ago; BloFin: live order book, 64 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, 64 min ago | 4.38 bp | 425.2 bp −$425 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 64 min ago | 6.57 bp | 34.0 bp −$34 | 97.9 bp −$979 | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02279 | −0.402% | $451K | $17K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02282 | −0.253% | $4K | $55 | — | as long as short |
| BloFin GWEI-USDTshort | +0.0371% | 4h | 0.02283 | −0.219% | $170K | $28K | 50x | |
| Bybit GWEIUSDTlong | +0.0389% | 4h | 0.02288 | long leg | $371K | $115K | 25x | |
| Binance GWEIUSDT | +0.0402% | 4h | 0.02285 | −0.131% | $2.3M | $2.6M | 50x | as long as short |
| MEXC GWEI_USDT | +0.0404% | 4h | 0.02285 | −0.131% | $103K | $87K | 20x | as long as short |
| Extended GWEI-USD | +0.0408% | 1h | 0.02285 | −0.152% | $4K | $142K | 5x | as long as short |
| Gate GWEI_USDT | +0.0572% | 4h | 0.02281 | −0.302% | $375K | $393K | 10x | as long as short |
| BingX GWEI-USDT | +0.0606% | 4h | 0.02285 | −0.131% | — | $1.6M | — | as long as short |
| Bitget GWEIUSDT | +0.0668% | 4h | 0.02280 | −0.350% | $1.9M | $209K | 20x | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Binance GWEIUSDT
MEXC GWEI_USDT
Extended GWEI-USD
Gate GWEI_USDT
BingX GWEI-USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1431% | 4h | 0.02278 | −0.434% | $16K | $15K | 10x | as long as short |
Aster GWEIUSDT