S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.067%

Price spread now: BloFin against Bybit+0.748%72s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as 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−$1001.003% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 4 days (all we have)−1.007%−$101 · spread now +0.748%, 7d avg +0.036%

Together, before fees−0.779%−$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.712% dearer against Bybit than usual: you sell high and buy low: +$71 more if the spread goes back to its 7-day average of +0.036%. The two prices were read 72 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	Bybit SUSDT	0.04010	0.0100	pay 0.0050% / 4h	28m 02s	$5.8M	$4.5M	50x
Short	BloFin S-USDT	0.04040	0.0340	get 0.0170% / 4h	28m 02s	$279K	$98K	75x

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

Position, each leg$Hold fordaysFee BybitbpFee BloFinbpOrdersPrice spread, now +0.748%Rate

Funding earned: $50.4
Price spread: +0.748% → +0.036%: $71.19
Slippage, 4 orders: −$77.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $21.3
Costs to cover: 1.003%
Break-even: 4.0 days

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 6 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	1.24 bp	34.1 bp −$34	89.0 bp −$890	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	6.21 bp	20.8 bp −$21	52.3 bp −$523	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	−0.7648%	1h	0.03910	−2.494%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2544%	1h	0.04014	+0.088%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.03986	−0.599%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04018	+0.207%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04017	+0.177%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04019	+0.213%	$3K	—	150x	as long as short
Variational Omni S	+0.0020%	4h	0.04025	+0.381%	$624K	$30K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.244%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0064%	4h	0.04016	+0.150%	$99K	$296K	10x	as long as short
Lighter S	+0.0096%	1h	0.04020	+0.249%	$168K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04018	+0.187%	$1.0M	$555K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04018	+0.199%	$44K	$131K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04017	+0.175%	$5.5M	$13.7M	75x	as long as short
Bybit SUSDTlong	+0.0100%	4h	0.04010	long leg	$5.8M	$4.5M	50x
OKX S-USDT-SWAP	+0.0100%	4h	0.04014	+0.100%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04020	+0.249%	$329K	$188K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04014	+0.100%	$3.8M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04019	+0.224%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04016	+0.150%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04017	+0.175%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04030	+0.499%	$24K	$459K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04014	+0.100%	$230K	$1.1M	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.04040	+0.748%	$279K	$98K	75x
Deribit S_USDC-PERPETUAL	+0.0497%	1h	0.04020	+0.249%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1051%	1h	0.04020	+0.249%	$117K	$406K	5x	as long as short