NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against BloFin−0.120%72s7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as 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−$1241.242% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.493%−$49 · spread now −0.120%, 7d avg −0.123%

Together, before fees−0.492%−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.123%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. 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 NOT-USDT	0.0005013	0.0116	pay 0.0058% / 4h	3h 40m	$108K	$18K	50x
Short	Bybit NOTUSDT	0.0005007	0.0100	get 0.0050% / 4h	3h 40m	$2.1M	$813K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$3.46
Price spread: −0.120% → −0.123%: $0.29
Slippage, 4 orders: −$101.16
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.32
Costs to cover: 1.242%
Break-even: never at this rate

Slippage from BloFin: live order book, 15 min ago; Bybit: live order book, 2 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, 15 min ago	2.99 bp	20.6 bp −$21	67.1 bp −$671	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.99 bp	42.5 bp −$42	219.2 bp −$2,192	doesn't fit	doesn't fit

NOT on 16 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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.773%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005022	+0.186%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005010	−0.060%	$338K	$66K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005012	−0.012%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005012	−0.022%	$2.1M	$2.9M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005007	−0.120%	$2.1M	$813K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005012	−0.020%	$642K	$649K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005010	−0.060%	$141K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005011	−0.040%	$1.3M	$454K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005009	−0.080%	$491K	$132K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDT	+0.0100%	4h	0.0005018	+0.100%	$672K	$467K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005011	−0.040%	—	$8.3M	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0005010	−0.066%	$71K	$38K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005011	−0.049%	$4K	—	5x	as long as short
BloFin NOT-USDTlong	+0.0116%	4h	0.0005013	long leg	$108K	$18K	50x
Kraken Futures PF_NOTUSD	+0.1156%	1h	0.0005017	+0.072%	$49K	$5K	10x	as long as short