Funding you earn now, next payment 04:00 UTC+0.0505%/8h= +55.3% APRnext payment +$2.53 per $10,000 · paid last 24h +0.088%
Price spread now: BloFin against Bybit−0.102%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2332.334% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.102%, 7d avg −0.007%
=Funding pays, the price is against you. BloFin is 0.095% cheaper against Bybit than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.007%). If the spread goes back, that is −$10 on $10k: about 15 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.53 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 | Bybit PTBUSDT | 0.001270 | 0.0336 | pay 0.0168% / 4h | 3h 38m | $2.0M | $27.4M | 25x |
| Short | BloFin PTB-USDT | 0.001268 | 0.0841 | get 0.0420% / 4h | 3h 38m | $543K | $1.1M | 20x |
Bybit PTBUSDT
BloFin PTB-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
- $106.05
- Price spread: −0.102% → −0.007%
- −$9.51
- Slippage, 4 orders
- −$210.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$136.81
- Costs to cover
- 2.334%
- Break-even
- 16.0 days
Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago | 3.17 bp | 83.6 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.38 bp | 24.3 bp −$24 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PTB | +0.0100% | 4h | 0.001259 | −0.870% | $37K | $72K | — | as long as short |
| Bybit PTBUSDTlong | +0.0336% | 4h | 0.001270 | long leg | $2.0M | $27.4M | 25x | |
| Aster PTBUSDT | +0.0766% | 4h | 0.001258 | −0.895% | $76K | $1.0M | 5x | as long as short |
| BingX PTB-USDT | +0.0794% | 4h | 0.001271 | +0.071% | — | $2.5M | — | as long as short |
| BloFin PTB-USDTshort | +0.0841% | 4h | 0.001268 | −0.102% | $543K | $1.1M | 20x | |
| Extended kPTB-USD | +0.0896% | 1h | 0.001267 | −0.228% | $4K | $45K | 5x | as long as short |
| MEXC PTB_USDT | +0.0898% | 4h | 0.001268 | −0.118% | $460K | $1.2M | 20x | as long as short |
| Binance PTBUSDT | +0.0899% | 4h | 0.001268 | −0.100% | $9.5M | $184.0M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.1100% | 4h | 0.001262 | −0.583% | $2.0M | $8.6M | 20x | as long as short |
| Gate PTB_USDT | +0.3112% | 4h | 0.001265 | −0.394% | $2.1M | $7.6M | 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