Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Bybit+0.083%82s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as 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−$1061.057% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.083%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 82 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 MASKUSDT | 0.4817 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $1.2M | $1.8M | 50x |
| Short | BloFin MASK-USDT | 0.4821 | 0.0121 | get 0.0061% / 4h | 2h 01m | $128K | $19K | 50x |
Bybit MASKUSDT
BloFin MASK-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
- $4.49
- Price spread: +0.083% → +0.003%
- $8.02
- Slippage, 4 orders
- −$82.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.15
- Costs to cover
- 1.057%
- Break-even
- 152.2 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 11 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 | 5.19 bp | 34.4 bp −$34 | 101.8 bp −$1,018 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 1.04 bp | 11.9 bp −$12 | 16.6 bp −$166 | doesn't fit | doesn't fit |
MASK on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MASKUSDT | +0.0100% | 4h | 0.4826 | +0.189% | $2.5M | $9.7M | 50x | as long as short |
| Bybit MASKUSDTlong | +0.0100% | 4h | 0.4817 | long leg | $1.2M | $1.8M | 50x | |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4820 | +0.062% | $498K | $3.0M | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4824 | +0.145% | $271K | $657K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4824 | +0.145% | $1.0M | $326K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4834 | +0.353% | $597K | $227K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4826 | +0.187% | $504K | $1.2M | 50x | as long as short |
| BingX MASK-USDT | +0.0100% | 4h | 0.4825 | +0.166% | — | $2.3M | — | as long as short |
| Variational Omni MASK | +0.0100% | 4h | 0.4816 | −0.015% | $23K | $1 | — | as long as short |
| BloFin MASK-USDTshort | +0.0121% | 4h | 0.4821 | +0.083% | $128K | $19K | 50x |
Binance MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
BingX MASK-USDT
Variational Omni MASK