H

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against BloFin−0.539%102s7-day average −0.240% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as 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−$1331.329% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.539%, 7d avg −0.240%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.299% cheaper against BloFin than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.240%. 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 H-USDT	0.06997	0.0098	pay 0.0049% / 4h	27m 35s	$591K	$117K	25x
Short	Bybit HUSDT	0.06959	0.0100	get 0.0050% / 4h	27m 35s	$7.6M	$4.6M	13x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.539%Rate

Funding earned: $0.34
Price spread: −0.539% → −0.240%: −$29.86
Slippage, 4 orders: −$109.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$162.44
Costs to cover: 1.329%
Break-even: 3356.1 days

Slippage from BloFin: live order book, 49 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, 49 min ago	2.89 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.43 bp	41.5 bp −$41	193.8 bp −$1,938	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−10.676%	$1K	$1	5.5x	as long as short
BloFin H-USDTlong	+0.0098%	4h	0.06997	long leg	$591K	$117K	25x
Aster HUSDT	+0.0100%	4h	0.06974	−0.333%	$115K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06974	−0.329%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06959	−0.539%	$7.6M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06977	−0.286%	$1.7M	$5.9M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06958	−0.557%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06970	−0.386%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06967	−0.429%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06964	−0.472%	$1.7M	$451K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06974	−0.329%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06976	−0.297%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06991	−0.086%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06972	−0.352%	$11K	$107K	5x	as long as short