H

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.005%

Price spread now: BloFin against Bybit+0.171%52s7-day average +0.240% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as 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−$1371.368% of the position

Long on Bybit Short on BloFin

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)+0.590%+$59 · spread now +0.171%, 7d avg +0.240%

Together, before fees+0.853%+$85 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.069% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.240%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.264%, so the current rate has only just turned against you. The two prices were read 52 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 HUSDT	0.07014	0.0100	pay 0.0050% / 4h	54m 20s	$7.7M	$4.6M	13x
Short	BloFin H-USDT	0.07026	0.0054	get 0.0027% / 4h	54m 20s	$592K	$117K	25x

Funding 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 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$9.56
Price spread: +0.171% → +0.240%: −$6.94
Slippage, 4 orders: −$113.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$153.34
Costs to cover: 1.368%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 22 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, 4 min ago	1.43 bp	38.1 bp −$38	173.5 bp −$1,735	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	2.89 bp	34.2 bp −$34	doesn't fit	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	−10.893%	$1K	$1	5.5x	as long as short
BloFin H-USDTshort	+0.0054%	4h	0.07026	+0.171%	$592K	$117K	25x
Aster HUSDT	+0.0100%	4h	0.07017	+0.046%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07022	+0.107%	$15.1M	$10.5M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.07014	long leg	$7.7M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.07031	+0.242%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07014	0.000%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07020	+0.086%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07016	+0.029%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07011	−0.043%	$1.7M	$447K	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	0.07017	+0.043%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06997	−0.249%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07008	−0.087%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07015	+0.017%	$11K	$107K	5x	as long as short