Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.067%
Price spread now: Bybit against BloFin+0.051%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$860.862% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 3 days (all we have)+0.094%+$9 · spread now +0.051%, 7d avg −0.024%
=The price spread pays, funding is against you. Bybit is 0.075% dearer against BloFin than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.024%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.200% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin S-USDT | 0.03910 | 0.0340 | pay 0.0170% / 4h | 31m 12s | $267K | $125K | 75x |
| Short | Bybit SUSDT | 0.03912 | 0.0100 | get 0.0050% / 4h | 31m 12s | $5.6M | $5.3M | 50x |
BloFin S-USDT
Bybit SUSDTFunding 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
- −$50.4
- Price spread: +0.051% → −0.024%
- $7.47
- Slippage, 4 orders
- −$63.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$129.13
- Costs to cover
- 0.862%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 40 min ago; Bybit: live order book, 2 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, 40 min ago | 1.28 bp | 19.1 bp −$19 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.28 bp | 25.3 bp −$25 | 73.3 bp −$733 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.6136% | 1h | 0.03850 | −1.535% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2129% | 1h | 0.03917 | +0.172% | $33K | $25K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −2.148% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0995% | 4h | 0.03911 | +0.027% | $608K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0202% / S +0.0194% | 1h | 0.03920 | +0.246% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03916 | +0.154% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03920 | +0.254% | $604 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0031% | 4h | 0.03917 | +0.179% | $100K | $340K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.859% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03921 | +0.281% | $164K | $217K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03918 | +0.212% | $982K | $695K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03927 | +0.444% | $43K | $145K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03918 | +0.205% | $5.4M | $17.3M | 75x | as long as short |
| Bybit SUSDTshort | +0.0100% | 4h | 0.03912 | +0.051% | $5.6M | $5.3M | 50x | |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03916 | +0.153% | $980K | $5.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03913 | +0.077% | $319K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03917 | +0.179% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03917 | +0.179% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03920 | +0.256% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03915 | +0.128% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03920 | +0.256% | $25K | $454K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03916 | +0.142% | $220K | $877K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0142% | 1h | 0.03920 | +0.256% | $114K | $312K | 5x | as long as short |
| BloFin S-USDTlong | +0.0340% | 4h | 0.03910 | long leg | $267K | $125K | 75x | |
| Deribit S_USDC-PERPETUAL | +0.0515% | 1h | 0.03923 | +0.332% | $66K | $10K | 10x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP
Deribit S_USDC-PERPETUAL