Funding you earn now, next payment 08:00 UTC−0.0688%/8h= −75.4% APRnext payment −$3.44 per $10,000 · paid last 24h −0.040%
Price spread now: BloFin against Bybit−0.166%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$529as in the Funding arb table
Net, price: spread back to 7d avg − costs−$539as in the Price arb table
costs, in and out, $10k−$5245.236% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.166%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and BloFin is 0.154% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.44 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 | Bybit OPENUSDT | 0.1446 | 0.0751 | pay 0.0375% / 4h | 3h 12m | $1.5M | $730K | 25x |
| Short | BloFin OPEN-USDT | 0.1444 | 0.0062 | get 0.0031% / 4h | 3h 12m | $674K | $12K | 75x |
Bybit OPENUSDT
BloFin OPEN-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$144.55
- Price spread: −0.166% → −0.012%
- −$15.41
- Slippage, 4 orders
- −$500.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$683.51
- Costs to cover
- 5.236%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 19 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 Bybit live order book, 3 min ago | 4.49 bp | 243.7 bp −$244 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 min ago | 3.47 bp | 42.2 bp −$42 | 80.2 bp −$802 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPEN-USDTshort | +0.0062% | 4h | 0.1444 | −0.166% | $674K | $12K | 75x | |
| Aster OPENUSDT | +0.0100% | 4h | 0.1444 | −0.139% | $253K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1444 | −0.166% | $7.2M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1444 | −0.166% | $826K | $200K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1445 | −0.097% | $2.4M | $56K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1445 | −0.097% | $2.2M | $167K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1444 | −0.195% | $2K | $168K | 5x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0724% | 1h | 0.1443 | −0.213% | $14K | $55K | 10x | as long as short |
| Bybit OPENUSDTlong | +0.0751% | 4h | 0.1446 | long leg | $1.5M | $730K | 25x |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Extended OPEN-USD
Kraken Futures PF_OPENUSD