Funding you earn now, next payment 00:00 UTC−0.0920%/8h= −100.7% APRnext payment −$4.60 per $10,000 · paid last 24h −0.067%
Price spread now: Bybit against BloFin−0.070%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$249as in the Price arb table
costs, in and out, $10k−$2412.406% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.070%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Bybit is 0.082% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.213%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.213% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.60 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 | BloFin PTB-USDT | 0.001284 | 0.1020 | pay 0.0510% / 4h | 57m 19s | $546K | $1.1M | 20x |
| Short | Bybit PTBUSDT | 0.001283 | 0.0100 | get 0.0050% / 4h | 57m 19s | $2.1M | $27.4M | 25x |
BloFin PTB-USDT
Bybit PTBUSDTFunding 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
- −$193.21
- Price spread: −0.070% → +0.012%
- −$8.18
- Slippage, 4 orders
- −$217.63
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$442.02
- Costs to cover
- 2.406%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 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, 5 min ago | 4.32 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 6.25 bp | 113.2 bp −$113 | 541.1 bp −$5,411 | doesn't fit | doesn't fit |
PTB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDTshort | +0.0100% | 4h | 0.001283 | −0.070% | $2.1M | $27.4M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001275 | −0.702% | $28K | $55K | — | as long as short |
| Aster PTBUSDT | +0.0969% | 4h | 0.001280 | −0.311% | $77K | $1.0M | 5x | as long as short |
| BingX PTB-USDT | +0.0980% | 4h | 0.001286 | +0.125% | — | $2.5M | — | as long as short |
| Extended kPTB-USD | +0.1016% | 1h | 0.001285 | +0.054% | $4K | $45K | 5x | as long as short |
| MEXC PTB_USDT | +0.1016% | 4h | 0.001284 | 0.000% | $484K | $1.2M | 20x | as long as short |
| Binance PTBUSDT | +0.1016% | 4h | 0.001283 | −0.078% | $9.6M | $184.2M | 20x | as long as short |
| BloFin PTB-USDTlong | +0.1020% | 4h | 0.001284 | long leg | $546K | $1.1M | 20x | |
| KuCoin PTBUSDTM | +0.1036% | 4h | 0.001283 | −0.086% | $2.1M | $8.7M | 20x | as long as short |
| Gate PTB_USDT | +0.1352% | 4h | 0.001281 | −0.241% | $2.1M | $7.5M | 25x | as long as short |
Variational Omni PTB
Aster PTBUSDT
BingX PTB-USDT
Extended kPTB-USD
MEXC PTB_USDT
Binance PTBUSDT
KuCoin PTBUSDTM
Gate PTB_USDT