Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against BloFin+0.287%7-day average −0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1281.280% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−1.859%−$186 · spread now +0.287%, 7d avg −0.131%
=The price spread pays, funding is against you. Bybit is 0.418% dearer against BloFin than usual: you sell high and buy low (spread +0.287% now, against its 7-day average of −0.131%): +$42 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 51 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MEGA-USDT | 0.04534 | 0.0127 | pay 0.0064% / 4h | 1h 08m | $200K | $94K | 50x |
| Short | Bybit MEGAUSDT | 0.04547 | 0.0100 | get 0.0050% / 4h | 1h 08m | $3.5M | $5.9M | 20x |
BloFin MEGA-USDT
Bybit MEGAUSDTFunding 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
- −$5.72
- Price spread: +0.287% → −0.131%
- $41.81
- Slippage, 4 orders
- −$105.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$91.92
- Costs to cover
- 1.280%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago | 1.10 bp | 23.5 bp −$23 | 74.1 bp −$741 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.21 bp | 36.3 bp −$36 | 138.6 bp −$1,386 | doesn't fit | doesn't fit |
MEGA on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04538 | +0.081% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0057% | 1h | 0.04551 | +0.386% | $196K | $141K | 2x | as long as short |
| Lighter MEGA | +0.0096% | 1h | 0.04547 | +0.287% | $607K | $382K | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04541 | +0.161% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04530 | −0.097% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04541 | +0.161% | $4.0M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04547 | +0.287% | $3.5M | $5.9M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04545 | +0.243% | $917K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04520 | −0.309% | $133K | $111 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04528 | −0.132% | $205K | $327K | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Lighter MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04528 | −0.132% | $770K | $410K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04529 | −0.110% | $226K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04554 | +0.441% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04526 | −0.176% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04534 | +0.004% | $319K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04540 | +0.133% | $25K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04538 | +0.088% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04539 | +0.110% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04536 | +0.044% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04526 | −0.171% | $128K | $410K | 5x | as long as short |
| BloFin MEGA-USDTlong | +0.0127% | 4h | 0.04534 | long leg | $200K | $94K | 50x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04551 | +0.380% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04520 | −0.309% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04537 | +0.057% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0300% | 1h | 0.04557 | +0.507% | $7.9M | $2.6M | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0446% | 1h | 0.04540 | +0.132% | $18K | $55K | 5x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0872% | 1h | 0.04589 | +1.224% | $5K | $12K | 50x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0918% | 1h | 0.04545 | +0.236% | $110 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Backpack MEGA_USDC_PERP
Coinbase International MEGA-PERP-INTX
Deribit MEGA_USDC-PERPETUAL