Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Bybit+0.223%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$325as in the Funding arb table
Net, price: spread back to 7d avg − costs−$304as in the Price arb table
costs, in and out, $10k−$3333.334% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)+0.722%+$72 · spread now +0.223%, 7d avg −0.073%
=The price spread pays, funding is against you. BloFin is 0.296% dearer against Bybit than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of −0.073%): +$30 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 31 days. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PORTALUSDT | 0.02020 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $1.3M | $870K | 20x |
| Short | BloFin PORTAL-USDT | 0.02024 | 0.0068 | get 0.0034% / 4h | 3h 38m | $211K | $21K | 10x |
Bybit PORTALUSDT
BloFin PORTAL-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
- −$6.63
- Price spread: +0.223% → −0.073%
- $29.58
- Slippage, 4 orders
- −$310.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$310.44
- Costs to cover
- 3.334%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 27 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, 2 min ago | 7.65 bp | 136.3 bp −$136 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 4.90 bp | 32.3 bp −$32 | 91.6 bp −$916 | 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-USDTshort | +0.0068% | 4h | 0.02024 | +0.223% | $211K | $21K | 10x | |
| Aster PORTALUSDT | +0.0100% | 4h | 0.02017 | −0.101% | $10K | $31K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.02017 | −0.124% | $3.3M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDTlong | +0.0100% | 4h | 0.02020 | long leg | $1.3M | $870K | 20x | |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.02018 | −0.074% | $1.1M | $407K | 50x | as long as short |
| KuCoin PORTALUSDTM | +0.0100% | 4h | 0.02018 | −0.074% | $332K | $112K | 10x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.02020 | +0.025% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.02025 | +0.273% | $1K | $7K | — | as long as short |
| Kraken Futures PF_PORTALUSD | +0.3446% | 1h | 0.02028 | +0.428% | $41K | $190K | 10x | as long as short |
Aster PORTALUSDT
Binance PORTALUSDT
MEXC PORTAL_USDT
KuCoin PORTALUSDTM
BingX PORTAL-USDT
Variational Omni PORTAL
Kraken Futures PF_PORTALUSD