Funding you earn now, next payment 00:00 UTC+0.0521%/8h= +57.0% APRnext payment +$2.60 per $10,000 · paid last 24h +0.117%
Price spread now: BloFin against Bybit+0.189%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1701.696% of the position
Funding, last 7 days+0.373%+$37 on $10k
+Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.189%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BloFin is 0.161% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUSDT | 1.4790 | 0.0100 | pay 0.0050% / 4h | 2h 34m | $4.7M | $2.3M | 20x |
| Short | BloFin M-USDT | 1.4818 | 0.0621 | get 0.0310% / 4h | 2h 34m | $351K | $403K | 10x |
Bybit MUSDT
BloFin M-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
- $109.36
- Price spread: +0.189% → +0.028%
- $16.11
- Slippage, 4 orders
- −$146.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$44.11
- Costs to cover
- 1.696%
- Break-even
- 9.8 days
Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago | 3.38 bp | 58.3 bp −$58 | 454.4 bp −$4,544 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 1.34 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTlong | +0.0100% | 4h | 1.4790 | long leg | $4.7M | $2.3M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4777 | −0.088% | $2.0M | $888K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4804 | +0.095% | $1.9M | $342K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4785 | −0.034% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4816 | +0.176% | $2K | $139 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4797 | +0.047% | $2K | $537K | 20x | as long as short |
| Aster MUSDT | +0.0354% | 4h | 1.4817 | +0.184% | $15K | $115K | 5x | as long as short |
| BingX M-USDT | +0.0564% | 4h | 1.4799 | +0.061% | — | $2.4M | — | as long as short |
| Binance MUSDT | +0.0600% | 4h | 1.4807 | +0.115% | $5.5M | $4.5M | 10x | as long as short |
| MEXC M_USDT | +0.0600% | 4h | 1.4808 | +0.122% | $248K | $111K | 50x | as long as short |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
Binance MUSDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTshort | +0.0621% | 4h | 1.4818 | +0.189% | $351K | $403K | 10x | |
| KuCoin MUSDTM | +0.0742% | 4h | 1.4682 | −0.733% | $1.4M | $4.4M | 10x | as long as short |
KuCoin MUSDTM