Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against BloFin+0.244%72s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as 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−$1131.132% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)−0.234%−$23 · spread now +0.244%, 7d avg +0.011%
=The price spread pays, funding is against you. Bybit is 0.234% dearer against BloFin than usual: you sell high and buy low (spread +0.244% now, against its 7-day average of +0.011%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 days. At the pace of the last 7 days (−0.122% in total) that is about 13 days. The two prices were read 72 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 | BloFin MEME-USDT | 0.0006142 | 0.0118 | pay 0.0059% / 4h | 3h 41m | $129K | $6K | 50x |
| Short | Bybit MEMEUSDT | 0.0006157 | 0.0100 | get 0.0050% / 4h | 3h 41m | $1.3M | $570K | 50x |
BloFin MEME-USDT
Bybit MEMEUSDTFunding 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
- −$3.84
- Price spread: +0.244% → +0.011%
- $23.36
- Slippage, 4 orders
- −$90.24
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$93.72
- Costs to cover
- 1.132%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 14 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, 14 min ago | 3.25 bp | 17.9 bp −$18 | 59.2 bp −$592 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.25 bp | 48.9 bp −$49 | 372.1 bp −$3,721 | doesn't fit | doesn't fit |
MEME on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEME/USD [WBTC.b-USDC] | L 0.0000% / S 0.0000% | 1h | 0.0006160 | +0.293% | — | — | 100x | as long as short |
| Hyperliquid MEME | +0.0100% | 1h | 0.0006160 | +0.293% | $563K | $154K | 3x | as long as short |
| Binance MEMEUSDT | +0.0100% | 4h | 0.0006153 | +0.186% | $2.5M | $4.5M | 50x | as long as short |
| Bybit MEMEUSDTshort | +0.0100% | 4h | 0.0006157 | +0.244% | $1.3M | $570K | 50x | |
| OKX MEME-USDT-SWAP | +0.0100% | 4h | 0.0006150 | +0.130% | $641K | $2.0M | 20x | as long as short |
| Gate MEME_USDT | +0.0100% | 4h | 0.0006147 | +0.081% | $426K | $74K | 20x | as long as short |
| MEXC MEME_USDT | +0.0100% | 4h | 0.0006154 | +0.195% | $922K | $343K | 50x | as long as short |
| KuCoin MEMEUSDTM | +0.0100% | 4h | 0.0006149 | +0.114% | $184K | $53K | 30x | as long as short |
| Bitget MEMEUSDT | +0.0100% | 4h | 0.0006156 | +0.228% | $444K | $760K | 25x | as long as short |
| BingX MEME-USDT | +0.0100% | 4h | 0.0006155 | +0.212% | — | $2.4M | — | as long as short |
GMX MEME/USD [WBTC.b-USDC]
Hyperliquid MEME
Binance MEMEUSDT
OKX MEME-USDT-SWAP
Gate MEME_USDT
MEXC MEME_USDT
KuCoin MEMEUSDTM
Bitget MEMEUSDT
BingX MEME-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MEME-USDTlong | +0.0118% | 4h | 0.0006142 | long leg | $129K | $6K | 50x |