IO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.22 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against Bybit0.000%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2042.040% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now 0.000%, 7d avg +0.102%

Together, before fees+0.006%+$1 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 0.102% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IOUSDT	0.1513	0.0100	pay 0.0050% / 4h	1m 19s	$1.1M	$902K	25x
Short	BloFin IO-USDT	0.1513	0.0056	get 0.0028% / 4h	1m 19s	$193K	$39K	50x

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 0.000%Rate

Funding earned: −$9.23
Price spread: 0.000% → +0.102%: −$10.25
Slippage, 4 orders: −$180.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$223.46
Costs to cover: 2.040%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 29 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	6.63 bp	85.1 bp −$85	512.2 bp −$5,122	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	3.29 bp	31.3 bp −$31	73.2 bp −$732	529.2 bp −$52.9K	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
BloFin IO-USDTshort	+0.0056%	4h	0.1513	0.000%	$193K	$39K	50x
Hyperliquid IO	+0.0100%	1h	0.1515	+0.106%	$1.0M	$367K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1514	+0.085%	$23K	$49K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1514	+0.070%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDTlong	+0.0100%	4h	0.1513	long leg	$1.1M	$902K	25x
Gate IO_USDT	+0.0100%	4h	0.1514	+0.046%	$231K	$564K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1513	0.000%	$1.2M	$230K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1514	+0.066%	$366K	$645K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1515	+0.132%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1513	0.000%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1509	−0.282%	$33K	$13K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1514	+0.037%	$242	$137K	5x	as long as short
Injective IO/USDC PERP	+0.0583%	1h	0.1514	+0.066%	$2K	$202	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.7091%	1h	0.1516	+0.176%	$39K	$11K	10x	as long as short