Settings8H · net · $10k
Funding arb · Price arb /

NOT

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against Bybit+0.139%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1161.162% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.139%, 7d avg +0.121%
Together, before fees+0.105%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.121%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NOTUSDT0.00050360.0100pay 0.0050% / 4h1h 59m$2.1M$890K25x
ShortBloFin NOT-USDT0.00050430.0145get 0.0072% / 4h1h 59m$109K$18K50x

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

Profit calculator

Funding earned
$9.44
Price spread: +0.139% → +0.121%
$1.82
Slippage, 4 orders
−$93.21
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$104.94
Costs to cover
1.162%
Break-even
84.8 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago5.96 bp34.9 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 12 min ago9.93 bp24.8 bp −$2562.5 bp −$625doesn't fitdoesn't fit

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT−0.0003%4h0.0005036−0.009%$72K$38Kas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.217%$1K$13K5.5xas long as short
KuCoin NOTUSDTM+0.0044%4h0.0005038+0.040%$480K$135K50xas long as short
Lighter 1000NOT+0.0096%1h0.0005053+0.332%$11K$4K3xas long as short
Hyperliquid NOT+0.0100%1h0.0005040+0.079%$339K$68K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005042+0.111%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005045+0.179%$2.1M$3.1M50xas long as short
Bybit NOTUSDTlong+0.0100%4h0.0005036long leg$2.1M$890K25x
OKX NOT-USDT-SWAP+0.0100%4h0.0005045+0.179%$640K$707K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005039+0.060%$139K$57K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005044+0.159%$1.3M$435K200xas long as short
Bitget NOTUSDT+0.0100%4h0.0005044+0.159%$675K$493K50xas long as short
BingX NOT-USDC+0.0100%4h0.0005044+0.159%$730Kas long as short
Extended kNOT-USD+0.0104%1h0.0005043+0.129%$4K5xas long as short
BloFin NOT-USDTshort+0.0145%4h0.0005043+0.139%$109K$18K50x
Kraken Futures PF_NOTUSD+0.1936%1h0.0005051+0.294%$49K$9K10xas long as short