Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against BloFin+0.279%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$2002.001% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)−0.823%−$82 · spread now +0.279%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.209% dearer against BloFin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PORTAL-USDT | 0.01969 | 0.0054 | pay 0.0027% / 4h | 44m 33s | $204K | $17K | 10x |
| Short | Bybit PORTALUSDT | 0.01974 | 0.0100 | get 0.0050% / 4h | 44m 33s | $1.3M | $896K | 20x |
BloFin PORTAL-USDT
Bybit PORTALUSDTFunding 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
- $9.61
- Price spread: +0.279% → +0.070%
- $20.94
- Slippage, 4 orders
- −$177.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$169.53
- Costs to cover
- 2.001%
- Break-even
- 130.5 days
Slippage from BloFin: live order book, 53 min ago; Bybit: live order book, 1 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, 53 min ago | 2.53 bp | 14.8 bp −$15 | 104.9 bp −$1,049 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.01 bp | 85.4 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
PORTAL 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 PORTAL-USDTlong | +0.0054% | 4h | 0.01969 | long leg | $204K | $17K | 10x | |
| Aster PORTALUSDT | +0.0100% | 4h | 0.01973 | +0.180% | $12K | $41K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.01975 | +0.305% | $3.2M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDTshort | +0.0100% | 4h | 0.01974 | +0.279% | $1.3M | $896K | 20x | |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.01974 | +0.254% | $893K | $388K | 50x | as long as short |
| KuCoin PORTALUSDTM | +0.0100% | 4h | 0.01972 | +0.152% | $339K | $114K | 10x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01973 | +0.203% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01972 | +0.139% | $1K | $6K | — | as long as short |
| Kraken Futures PF_PORTALUSD | +0.0710% | 1h | 0.01975 | +0.292% | $40K | $203K | 10x | as long as short |
Aster PORTALUSDT
Binance PORTALUSDT
MEXC PORTAL_USDT
KuCoin PORTALUSDTM
BingX PORTAL-USDT
Variational Omni PORTAL
Kraken Futures PF_PORTALUSD