Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Bybit−0.501%62s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as 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−$1861.862% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)+0.297%+$30 · spread now −0.501%, 7d avg −0.063%
=Funding pays, the price is against you. BloFin is 0.438% cheaper against Bybit than usual: you would sell low and buy high (spread −0.501% now, against its 7-day average of −0.063%). If the spread goes back, that is −$44 on $10k: about 29 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 | Bybit LPTUSDT | 1.7156 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $1.8M | $2.0M | 25x |
| Short | BloFin LPT-USDT | 1.7070 | 0.0150 | get 0.0075% / 4h | 2h 50m | $202K | $29K | 50x |
Bybit LPTUSDT
BloFin LPT-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.49
- Price spread: −0.501% → −0.063%
- −$43.78
- Slippage, 4 orders
- −$163.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$219.48
- Costs to cover
- 1.862%
- Break-even
- 153.4 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 10 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, 1 min ago | 4.09 bp | 70.0 bp −$70 | 229.7 bp −$2,297 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 8.75 bp | 36.6 bp −$37 | 63.9 bp −$639 | doesn't fit | doesn't fit |
LPT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_LPTUSD | +0.0031% | 1h | 1.7147 | −0.055% | $46K | $107K | 25x | as long as short |
| Aster LPTUSDT | +0.0100% | 4h | 1.7133 | −0.136% | $2K | $19K | 5x | as long as short |
| Binance LPTUSDT | +0.0100% | 4h | 1.7150 | −0.035% | $3.5M | $10.8M | 50x | as long as short |
| Bybit LPTUSDTlong | +0.0100% | 4h | 1.7156 | long leg | $1.8M | $2.0M | 25x | |
| OKX LPT-USDT-SWAP | +0.0100% | 4h | 1.7150 | −0.035% | $1.4M | $3.2M | 20x | as long as short |
| Gate LPT_USDT | +0.0100% | 8h | 1.7160 | +0.023% | $247K | $848K | 50x | as long as short |
| MEXC LPT_USDT | +0.0100% | 4h | 1.7140 | −0.093% | $2.0M | $990K | 50x | as long as short |
| KuCoin LPTUSDTM | +0.0100% | 4h | 1.7150 | −0.035% | $303K | $183K | 50x | as long as short |
| Bitget LPTUSDT | +0.0100% | 4h | 1.7160 | +0.023% | $1.3M | $824K | 50x | as long as short |
| BingX LPT-USDT | +0.0100% | 4h | 1.7150 | −0.035% | — | $2.5M | — | as long as short |
Kraken Futures PF_LPTUSD
Aster LPTUSDT
Binance LPTUSDT
OKX LPT-USDT-SWAP
Gate LPT_USDT
MEXC LPT_USDT
KuCoin LPTUSDTM
Bitget LPTUSDT
BingX LPT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LPT | +0.0100% | 4h | 1.7113 | −0.249% | $6K | $3K | — | as long as short |
| BloFin LPT-USDTshort | +0.0150% | 4h | 1.7070 | −0.501% | $202K | $29K | 50x |
Variational Omni LPT