Funding you earn now, next payment 00:00 UTC+0.2055%/8h= +225.0% APRnext payment +$10.27 per $10,000 · paid last 24h +0.429%
Price spread now: Bybit against BloFin−0.197%62s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as 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−$1261.260% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 3 days (all we have)−0.051%−$5 · spread now −0.197%, 7d avg −0.013%
=Funding pays, the price is against you. Bybit is 0.183% cheaper against BloFin than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.013%). If the spread goes back, that is −$18 on $10k: about 7 hours of funding at the current rate (+$62 a day). At the pace of the last 7 days (+0.344% in total) that is about 3.7 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.344% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ONT-USDT | 0.05597 | 0.0097 | pay 0.0049% / 4h | 2h 46m | $132K | $25K | 50x |
| Short | Bybit ONTUSDT | 0.05586 | 0.2152 | get 0.1076% / 4h | 2h 46m | $797K | $319K | 25x |
BloFin ONT-USDT
Bybit ONTUSDTFunding 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
- $431.49
- Price spread: −0.197% → −0.013%
- −$18.33
- Slippage, 4 orders
- −$103
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $287.16
- Costs to cover
- 1.260%
- Break-even
- 2.3 days
Slippage from BloFin: live order book, 34 min ago; Bybit: live order book, 38 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, 34 min ago | 0.89 bp | 18.2 bp −$18 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 38 min ago | 3.58 bp | 45.7 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
ONT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ONTUSD | −0.0088% | 1h | 0.05600 | +0.051% | $9K | $231 | 10x | as long as short |
| BloFin ONT-USDTlong | +0.0097% | 4h | 0.05597 | long leg | $132K | $25K | 50x | |
| Aster ONTUSDT | +0.0100% | 4h | 0.05606 | +0.159% | $26K | $388 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05603 | +0.107% | $2.4M | $2.7M | 50x | as long as short |
| OKX ONT-USDT-SWAP | +0.0100% | 4h | 0.05596 | −0.018% | $802K | $870K | 20x | as long as short |
| Gate ONT_USDT | +0.0100% | 4h | 0.05601 | +0.071% | $172K | $60K | 50x | as long as short |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05601 | +0.071% | $1.4M | $137K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05598 | +0.018% | $521K | $54K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05598 | +0.018% | $805K | $323K | 50x | as long as short |
| Variational Omni ONT | +0.1951% | 4h | 0.05582 | −0.268% | $4K | $3K | — | as long as short |
Kraken Futures PF_ONTUSD
Aster ONTUSDT
Binance ONTUSDT
OKX ONT-USDT-SWAP
Gate ONT_USDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONTUSDTshort | +0.2152% | 4h | 0.05586 | −0.197% | $797K | $319K | 25x | |
| BingX ONT-USDT | +0.2252% | 4h | 0.05596 | −0.018% | — | $2.3M | — | as long as short |
BingX ONT-USDT