Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against BloFin+0.201%72s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as 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−$1091.090% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)−0.545%−$55 · spread now +0.201%, 7d avg +0.011%
=The price spread pays, funding is against you. Bybit is 0.190% dearer against BloFin than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.011%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.012% in total) that is about 4 months. The two prices were read 72 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 PLUME-USDT | 0.01493 | 0.0139 | pay 0.0070% / 4h | 2h 34m | $370K | $47K | 50x |
| Short | Bybit PLUMEUSDT | 0.01496 | 0.0100 | get 0.0050% / 4h | 2h 34m | $3.5M | $3.0M | 50x |
BloFin PLUME-USDT
Bybit PLUMEUSDTFunding 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
- −$8.26
- Price spread: +0.201% → +0.011%
- $18.99
- Slippage, 4 orders
- −$86.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$98.28
- Costs to cover
- 1.090%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 51 min ago; Bybit: live order book, 3 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, 51 min ago | 6.68 bp | 24.5 bp −$25 | 61.2 bp −$612 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.70 bp | 30.0 bp −$30 | 122.6 bp −$1,226 | doesn't fit | doesn't fit |
PLUME 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PLUMEUSDT | +0.0008% | 4h | 0.01496 | +0.190% | $6K | $24K | 5x | as long as short |
| Binance PLUMEUSDT | +0.0100% | 4h | 0.01494 | +0.095% | $5.5M | $7.1M | 75x | as long as short |
| Bybit PLUMEUSDTshort | +0.0100% | 4h | 0.01496 | +0.201% | $3.5M | $3.0M | 50x | |
| OKX PLUME-USDT-SWAP | +0.0100% | 4h | 0.01495 | +0.147% | $555K | $994K | 20x | as long as short |
| Gate PLUME_USDT | +0.0100% | 8h | 0.01496 | +0.214% | $701K | $309K | 50x | as long as short |
| MEXC PLUME_USDT | +0.0100% | 4h | 0.01495 | +0.134% | $1.3M | $288K | 100x | as long as short |
| KuCoin PLUMEUSDTM | +0.0100% | 4h | 0.01498 | +0.335% | $1.3M | $903K | 30x | as long as short |
| Bitget PLUMEUSDT | +0.0100% | 4h | 0.01496 | +0.201% | $1.2M | $666K | 25x | as long as short |
| BingX PLUME-USDT | +0.0100% | 4h | 0.01496 | +0.201% | — | $7.5M | — | as long as short |
| Variational Omni PLUME | +0.0100% | 4h | 0.01491 | −0.137% | $43K | $9K | — | as long as short |
Aster PLUMEUSDT
Binance PLUMEUSDT
OKX PLUME-USDT-SWAP
Gate PLUME_USDT
MEXC PLUME_USDT
KuCoin PLUMEUSDTM
Bitget PLUMEUSDT
BingX PLUME-USDT
Variational Omni PLUMEShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PLUME-USDTlong | +0.0139% | 4h | 0.01493 | long leg | $370K | $47K | 50x |