Funding you earn now, next payment 08:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.088%
Price spread now: Bybit against BloFin−0.242%102s7-day average −0.199% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as 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−$2052.050% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.242%, 7d avg −0.199%
=Funding pays, the price is against you. Bybit is 0.042% cheaper against BloFin than usual: you would sell low and buy high (spread −0.242% now, against its 7-day average of −0.199%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour. The two prices were read 102 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 Q-USDT | 0.02567 | 0.0407 | pay 0.0204% / 4h | 3h 31m | $386K | $71K | 40x |
| Short | Bybit QUSDT | 0.02560 | 0.0496 | get 0.0248% / 4h | 3h 31m | $1.6M | $389K | 13x |
BloFin Q-USDT
Bybit QUSDTFunding 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
- $18.59
- Price spread: −0.242% → −0.199%
- −$4.23
- Slippage, 4 orders
- −$182
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$190.64
- Costs to cover
- 2.050%
- Break-even
- 78.8 days
Slippage from BloFin: live order book, 64 min ago; Bybit: live order book, 5 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, 64 min ago | 0.39 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.85 bp | 70.6 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
Q 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02559 | −0.319% | $1.2M | $293K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02555 | −0.456% | $680K | $19K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02564 | −0.117% | $2.3M | $139K | 20x | as long as short |
| BloFin Q-USDTlong | +0.0407% | 4h | 0.02567 | long leg | $386K | $71K | 40x | |
| Aster QUSDT | +0.0436% | 4h | 0.02562 | −0.177% | $59K | $45K | 5x | as long as short |
| Extended Q-USD | +0.0440% | 1h | 0.02565 | −0.060% | $10K | $160K | 5x | as long as short |
| MEXC Q_USDT | +0.0442% | 4h | 0.02566 | −0.019% | $122K | $87K | 50x | as long as short |
| Binance QUSDT | +0.0444% | 4h | 0.02566 | −0.026% | $7.1M | $1.4M | 20x | as long as short |
| Bybit QUSDTshort | +0.0496% | 4h | 0.02560 | −0.242% | $1.6M | $389K | 13x | |
| BingX Q-USDT | +0.0716% | 4h | 0.02571 | +0.187% | — | $1.3M | — | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Aster QUSDT
Extended Q-USD
MEXC Q_USDT
Binance QUSDT
BingX Q-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni Q | +0.0841% | 4h | 0.02564 | −0.103% | $618 | $2K | — | as long as short |
Variational Omni Q