IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against BloFin−0.364%72s7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as 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−$1921.919% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.456%+$46 · spread now −0.364%, 7d avg −0.104%

Together, before fees+0.409%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.260% cheaper against BloFin than usual: you would sell low and buy high (spread −0.364% now, against its 7-day average of −0.104%). If the spread goes back, that is −$26 on $10k: about 43 days of funding at the current rate (+$1 a day). The two prices were read 72 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 IO-USDT	0.1511	0.0080	pay 0.0040% / 4h	29m 59s	$194K	$31K	50x
Short	Bybit IOUSDT	0.1505	0.0100	get 0.0050% / 4h	29m 59s	$1.1M	$877K	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 −0.364%Rate

Funding earned: $4.22
Price spread: −0.364% → −0.104%: −$25.97
Slippage, 4 orders: −$168.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$213.69
Costs to cover: 1.919%
Break-even: 361.2 days

Slippage from BloFin: live order book, 40 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, 40 min ago	3.31 bp	13.6 bp −$14	48.5 bp −$485	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.32 bp	66.2 bp −$66	386.7 bp −$3,867	doesn't fit	doesn't fit

IO 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 IO/USDC PERP	−0.0159%	1h	0.1515	+0.265%	$2K	$104	5.5x	as long as short
BloFin IO-USDTlong	+0.0080%	4h	0.1511	long leg	$194K	$31K	50x
Hyperliquid IO	+0.0100%	1h	0.1507	−0.245%	$1.0M	$388K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1509	−0.152%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1508	−0.211%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDTshort	+0.0100%	4h	0.1505	−0.364%	$1.1M	$877K	25x
Gate IO_USDT	+0.0100%	4h	0.1507	−0.238%	$243K	$549K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1506	−0.331%	$1.1M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1507	−0.265%	$383K	$668K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1509	−0.132%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1507	−0.265%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1507	−0.243%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1508	−0.215%	$5K	$171K	5x	as long as short
Kraken Futures PF_IOUSD	+1.2632%	1h	0.1510	−0.080%	$39K	$19K	10x	as long as short