INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against BloFin−0.204%7-day average −0.155% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1611.605% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.204%, 7d avg −0.155%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.049% cheaper against BloFin than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of −0.155%). If the spread goes back, that is −$5 on $10k: about 11 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin INIT-USDT	0.08342	0.0086	pay 0.0043% / 4h	1h 20m	$153K	$113K	25x
Short	Bybit INITUSDT	0.08325	0.0100	get 0.0050% / 4h	1h 20m	$1.4M	$1.5M	25x

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 −0.204%Rate

Funding earned: $3.04
Price spread: −0.204% → −0.155%: −$4.92
Slippage, 4 orders: −$137.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$162.39
Costs to cover: 1.605%
Break-even: 380.6 days

Slippage from BloFin: live order book, 16 min ago; Bybit: live order book, 1 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, 16 min ago	3.62 bp	27.8 bp −$28	75.7 bp −$757	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	7.81 bp	49.1 bp −$49	121.2 bp −$1,212	doesn't fit	doesn't fit

INIT on 13 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
BloFin INIT-USDTlong	+0.0086%	4h	0.08342	long leg	$153K	$113K	25x
Hyperliquid INIT	+0.0100%	1h	0.08331	−0.129%	$303K	$227K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08329	−0.161%	$27K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08334	−0.096%	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDTshort	+0.0100%	4h	0.08325	−0.204%	$1.4M	$1.5M	25x
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08338	−0.048%	$138K	$670K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08308	−0.408%	$84K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08333	−0.108%	$451K	$211K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08325	−0.204%	$328K	$55K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08330	−0.144%	$432K	$315K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08332	−0.120%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08328	−0.168%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0240%	1h	0.08287	−0.659%	$3K	$19K	10x	as long as short