Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against Bybit−0.076%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2552.547% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.370%−$37 · spread now −0.076%, 7d avg −0.022%
=Funding pays, the price is against you. BloFin is 0.054% cheaper against Bybit than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.022%). If the spread goes back, that is −$5 on $10k: about 11 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.009% in total) that is about 40 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit REDUSDT | 0.1581 | 0.0100 | pay 0.0050% / 4h | 45m 17s | $1.9M | $2.0M | 25x |
| Short | BloFin RED-USDT | 0.1579 | 0.0116 | get 0.0058% / 4h | 45m 17s | $220K | $5K | 25x |
Bybit REDUSDT
BloFin RED-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
- $3.4
- Price spread: −0.076% → −0.022%
- −$5.39
- Slippage, 4 orders
- −$231.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$256.72
- Costs to cover
- 2.547%
- Break-even
- 535.6 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 26 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, 1 min ago | 4.74 bp | 128.6 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 3.18 bp | 32.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
RED 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster REDUSDT | +0.0100% | 4h | 0.1578 | −0.136% | $28K | $38K | 5x | as long as short |
| Binance REDUSDT | +0.0100% | 4h | 0.1578 | −0.164% | $2.3M | $4.2M | 50x | as long as short |
| Bybit REDUSDTlong | +0.0100% | 4h | 0.1581 | long leg | $1.9M | $2.0M | 25x | |
| Gate RED_USDT | +0.0100% | 4h | 0.1579 | −0.101% | $359K | $96K | 25x | as long as short |
| Bitget REDUSDT | +0.0100% | 4h | 0.1580 | −0.038% | $772K | $329K | 20x | as long as short |
| Variational Omni RED | +0.0100% | 4h | 0.1580 | −0.032% | $26K | $3K | — | as long as short |
| SunX RED-USDT | +0.0100% | 4h | 0.1616 | +2.240% | $2K | $835K | 20x | as long as short |
| Extended RED-USD | +0.0104% | 1h | 0.1578 | −0.192% | $32 | — | 5x | as long as short |
| BloFin RED-USDTshort | +0.0116% | 4h | 0.1579 | −0.076% | $220K | $5K | 25x | |
| MEXC RED_USDT | +0.0342% | 4h | 0.1578 | −0.164% | $523K | $170K | 20x | as long as short |
Aster REDUSDT
Binance REDUSDT
Gate RED_USDT
Bitget REDUSDT
Variational Omni RED
SunX RED-USDT
Extended RED-USD
MEXC RED_USDT