Funding you earn now, next payment 16:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.25 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against BloFin−0.352%62s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$350as 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−$3493.494% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.352%, 7d avg −0.063%
=Funding pays, the price is against you. Bybit is 0.289% cheaper against BloFin than usual: you would sell low and buy high (spread −0.352% now, against its 7-day average of −0.063%). If the spread goes back, that is −$29 on $10k: about 38 days of funding at the current rate (+$1 a day). The two prices were read 62 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 IOTX-USDT | 0.003698 | 0.0075 | pay 0.0075% / 8h | 7h 40m | $204K | $20K | 50x |
| Short | Bybit IOTXUSDT | 0.003685 | 0.0100 | get 0.0100% / 8h | 7h 40m | $388K | $655K | 25x |
BloFin IOTX-USDT
Bybit IOTXUSDTFunding 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
- $5.34
- Price spread: −0.352% → −0.063%
- −$28.9
- Slippage, 4 orders
- −$326.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$372.94
- Costs to cover
- 3.494%
- Break-even
- 495.4 days
Slippage from BloFin: live order book, 17 min ago; Bybit: live order book, 50 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, 17 min ago | 5.37 bp | 40.8 bp −$41 | 94.8 bp −$948 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 50 min ago | 9.54 bp | 137.5 bp −$138 | doesn't fit | doesn't fit | doesn't fit |
IOTX on 11 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 IOTX-USDTlong | +0.0075% | 8h | 0.003698 | long leg | $204K | $20K | 50x | |
| Binance IOTXUSDT | +0.0100% | 8h | 0.003684 | −0.379% | $2.1M | $5.7M | 50x | as long as short |
| Bybit IOTXUSDTshort | +0.0100% | 8h | 0.003685 | −0.352% | $388K | $655K | 25x | |
| Gate IOTX_USDT | +0.0100% | 8h | 0.003683 | −0.406% | $142K | $138K | 50x | as long as short |
| MEXC IOTX_USDT | +0.0100% | 8h | 0.003679 | −0.514% | $768K | $453K | 50x | as long as short |
| KuCoin IOTXUSDTM | +0.0100% | 8h | 0.003706 | +0.216% | $734K | $64K | 30x | as long as short |
| Bitget IOTXUSDT | +0.0100% | 8h | 0.003686 | −0.324% | $359K | $437K | 50x | as long as short |
| BingX IOTX-USDT | +0.0100% | 8h | 0.003683 | −0.406% | — | $1.6M | — | as long as short |
| Variational Omni IOTX | +0.0100% | 8h | 0.003693 | −0.125% | $3K | $4K | — | as long as short |
| Kraken Futures PF_IOTXUSD | +0.0202% | 1h | 0.003676 | −0.595% | $32K | $18K | 10x | as long as short |
Binance IOTXUSDT
Gate IOTX_USDT
MEXC IOTX_USDT
KuCoin IOTXUSDTM
Bitget IOTXUSDT
BingX IOTX-USDT
Variational Omni IOTX
Kraken Futures PF_IOTXUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster IOTXUSDT | +0.0662% | 1h | 0.003691 | −0.188% | $11K | $16K | 5x | as long as short |
Aster IOTXUSDT