Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against Bybit−0.065%7-day average +0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1231.225% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)+3.985%+$398 · spread now −0.065%, 7d avg +0.132%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.197% cheaper against Bybit than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.132%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04589 | 0.0100 | pay 0.0050% / 4h | 4m 25s | $3.5M | $5.7M | 20x |
| Short | BloFin MEGA-USDT | 0.04586 | 0.0070 | get 0.0035% / 4h | 4m 25s | $203K | $95K | 50x |
Bybit MEGAUSDT
BloFin MEGA-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
- −$6.26
- Price spread: −0.065% → +0.132%
- −$19.73
- Slippage, 4 orders
- −$99.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$148.49
- Costs to cover
- 1.225%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 26 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 | 2.18 bp | 33.8 bp −$34 | 152.7 bp −$1,527 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 2.16 bp | 26.4 bp −$26 | 99.0 bp −$990 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0744% | 1h | 0.04589 | +0.011% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04597 | +0.169% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDTshort | +0.0070% | 4h | 0.04586 | −0.065% | $203K | $95K | 50x | |
| Nado MEGA-PERP | +0.0079% | 1h | 0.04593 | +0.098% | $198K | $144K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04584 | −0.115% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04587 | −0.046% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04591 | +0.044% | $4.1M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04589 | long leg | $3.5M | $5.7M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04591 | +0.044% | $938K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04590 | +0.022% | $136K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04588 | −0.022% | $200K | $323K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04595 | +0.131% | $807K | $377K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04589 | 0.000% | $234K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04593 | +0.087% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04587 | −0.044% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04590 | +0.015% | $324K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04603 | +0.306% | $26K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04602 | +0.283% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04585 | −0.087% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04585 | −0.087% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04587 | −0.050% | $129K | $821K | 5x | as long as short |
| Hyperliquid MEGA | +0.0153% | 1h | 0.04602 | +0.279% | $7.9M | $2.6M | 3x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04593 | +0.082% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04597 | +0.174% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04586 | −0.057% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0433% | 1h | 0.04589 | 0.000% | $18K | $53K | 5x | as long as short |
| Lighter MEGA | +0.0608% | 1h | 0.04610 | +0.458% | $652K | $342K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0775% | 1h | 0.04591 | +0.048% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
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
Hyperliquid MEGA
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL