Funding you earn now, next payment 12:00 UTC+0.0717%/8h= +78.5% APRnext payment +$3.58 per $10,000 · paid last 24h −0.067%
Price spread now: Bybit against BloFin+0.069%62s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$725as 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−$7007.002% of the position
Funding, last 7 days−0.245%−$25 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.069%, 7d avg +0.053%
=The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.245%, so the current rate has only just turned in your favour. The two prices were read 62 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 -0.245% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.58 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 | BloFin HANA-USDT | 0.01453 | 0.0514 | pay 0.0257% / 4h | 3h 04m | $330K | $5K | 10x |
| Short | Bybit HANAUSDT | 0.01454 | 0.1230 | get 0.0615% / 4h | 3h 04m | $881K | $511K | 25x |
BloFin HANA-USDT
Bybit HANAUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $150.48
- Price spread: +0.069% → +0.053%
- $1.59
- Slippage, 4 orders
- −$677.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$548.15
- Costs to cover
- 7.002%
- Break-even
- 32.5 days
Slippage from BloFin: live order book, 6 min ago; Bybit: live order book, 26 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, 6 min ago | 6.88 bp | 45.0 bp −$45 | 240.2 bp −$2,402 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 10.44 bp | 305.1 bp −$305 | doesn't fit | doesn't fit | doesn't fit |
HANA on 8 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 HANAUSDTM | +0.0100% | 4h | 0.01450 | −0.206% | $600K | $738K | 10x | as long as short |
| Aster HANAUSDT | +0.0189% | 4h | 0.01453 | +0.016% | $13K | $7K | 5x | as long as short |
| Gate HANA_USDT | +0.0427% | 8h | 0.01454 | +0.069% | $628K | $624K | 25x | as long as short |
| BloFin HANA-USDTlong | +0.0514% | 4h | 0.01453 | long leg | $330K | $5K | 10x | |
| Binance HANAUSDT | +0.0551% | 4h | 0.01454 | +0.058% | $5.2M | $2.5M | 10x | as long as short |
| MEXC HANA_USDT | +0.0558% | 4h | 0.01454 | +0.069% | $77K | $93K | 100x | as long as short |
| Bybit HANAUSDTshort | +0.1230% | 4h | 0.01454 | +0.069% | $881K | $511K | 25x | |
| BingX HANA-USDT | +0.1602% | 4h | 0.01455 | +0.138% | — | $6.5M | — | as long as short |
KuCoin HANAUSDTM
Aster HANAUSDT
Gate HANA_USDT
Binance HANAUSDT
MEXC HANA_USDT
BingX HANA-USDT