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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0258%/8h= −28.3% APRnext payment −$1.29 per $10,000 · paid last 24h −0.085%
Price spread now: BloFin against Bybit+0.461%7-day average +0.200% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1941.935% of the position
Long on BybitShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.461%, 7d avg +0.200%
Together, before fees+0.138%+$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.261% dearer against Bybit than usual: you sell high and buy low (spread +0.461% now, against its 7-day average of +0.200%): +$26 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.117%, 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 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit QUSDT0.025610.0958pay 0.0479% / 4h51m 07s$1.6M$369K13x
ShortBloFin Q-USDT0.025730.0700get 0.0350% / 4h51m 07s$389K$73K40x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$54.26
Price spread: +0.461% → +0.200%
$26.1
Slippage, 4 orders
−$170.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$221.7
Costs to cover
1.935%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago5.84 bp68.6 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 49 min ago3.53 bp33.1 bp −$33doesn't fitdoesn't fitdoesn't fit

Q on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate Q_USDT+0.0100%4h0.02560−0.043%$1.2M$282K10xas long as short
KuCoin QUSDTM+0.0100%4h0.02564+0.105%$680K$19K20xas long as short
Bitget QUSDT+0.0100%4h0.02563+0.090%$2.3M$131K20xas long as short
Extended Q-USD+0.0672%1h0.02568+0.285%$8K$165K5xas long as short
Binance QUSDT+0.0675%4h0.02564+0.124%$7.1M$1.3M20xas long as short
MEXC Q_USDT+0.0688%4h0.02567+0.215%$123K$86K50xas long as short
BloFin Q-USDTshort+0.0700%4h0.02573+0.461%$389K$73K40x
Aster QUSDT+0.0770%4h0.02568+0.285%$59K$47K5xas long as short
Variational Omni Q+0.0868%4h0.02566+0.197%$620$2K—as long as short
BingX Q-USDT+0.0920%4h0.02575+0.535%—$1.3M—as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit QUSDTlong+0.0958%4h0.02561long leg$1.6M$369K13x