Funding you earn now, next payment 04:00 UTC+0.0825%/8h= +90.4% APRnext payment +$4.13 per $10,000 · paid last 24h +0.030%
Price spread now: Bybit against BloFin+0.028%72s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$505as 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−$5095.088% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.430%+$43 · spread now +0.028%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bybit is 0.028% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 72 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 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.13 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 OPEN-USDT | 0.1444 | 0.0113 | pay 0.0056% / 4h | 54m 01s | $678K | $12K | 75x |
| Short | Bybit OPENUSDT | 0.1444 | 0.0938 | get 0.0469% / 4h | 54m 01s | $1.5M | $690K | 25x |
BloFin OPEN-USDT
Bybit OPENUSDTFunding 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
- $173.28
- Price spread: +0.028% → 0.000%
- $2.81
- Slippage, 4 orders
- −$485.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$332.67
- Costs to cover
- 5.088%
- Break-even
- 20.4 days
Slippage from BloFin: live order book, 48 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, 48 min ago | 3.47 bp | 34.0 bp −$34 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.15 bp | 209.5 bp −$209 | doesn't fit | doesn't fit | doesn't fit |
OPEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENUSDT | +0.0100% | 4h | 0.1443 | −0.102% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1442 | −0.139% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1443 | −0.069% | $827K | $196K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1443 | −0.048% | $2.4M | $46K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1444 | 0.000% | $2.2M | $181K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1441 | −0.232% | $6K | $113K | 5x | as long as short |
| BloFin OPEN-USDTlong | +0.0113% | 4h | 0.1444 | long leg | $678K | $12K | 75x | |
| Bybit OPENUSDTshort | +0.0938% | 4h | 0.1444 | +0.028% | $1.5M | $690K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0976% | 1h | 0.1442 | −0.106% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Extended OPEN-USD
Kraken Futures PF_OPENUSD