Funding you earn now, next payment 04:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.63 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against BloFin+0.036%52s7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$213as 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−$2112.108% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.036%, 7d avg +0.052%
=The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 52 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 PIXEL-USDT | 0.005488 | 0.0064 | pay 0.0032% / 4h | 1h 18m | $117K | $10K | 50x |
| Short | Bybit PIXELUSDT | 0.005490 | 0.0189 | get 0.0095% / 4h | 1h 18m | $529K | $201K | 25x |
BloFin PIXEL-USDT
Bybit PIXELUSDTFunding 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
- $26.26
- Price spread: +0.036% → +0.052%
- −$1.52
- Slippage, 4 orders
- −$187.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$186.06
- Costs to cover
- 2.108%
- Break-even
- 56.6 days
Slippage from BloFin: live order book, 17 min ago; Bybit: live order book, 37 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, 17 min ago | 4.57 bp | 16.3 bp −$16 | 76.7 bp −$767 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 37 min ago | 4.57 bp | 88.1 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
PIXEL on 11 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 PIXEL-USDTlong | +0.0064% | 4h | 0.005488 | long leg | $117K | $10K | 50x | |
| Aster PIXELUSDT | +0.0100% | 4h | 0.005485 | −0.060% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005481 | −0.134% | $1.8M | $1.7M | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005482 | −0.109% | $154K | $40K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005479 | −0.164% | $913K | $207K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005485 | −0.055% | $360K | $73K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005478 | −0.182% | $586K | $404K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005482 | −0.109% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005487 | −0.009% | $1K | $254 | — | as long as short |
| Bybit PIXELUSDTshort | +0.0189% | 4h | 0.005490 | +0.036% | $529K | $201K | 25x |
Aster PIXELUSDT
Binance PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
BingX PIXEL-USDT
Variational Omni PIXELShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.2885% | 1h | 0.005509 | +0.384% | $5K | $2K | 10x | as long as short |
Kraken Futures PF_PIXELUSD