Funding you earn now, next payment 12:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h −0.009%
Price spread now: BloFin against Bybit+0.045%72s7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as 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−$1841.837% of the position
Funding, last 7 days−0.754%−$75 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.045%, 7d avg −0.097%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.142% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.097%. Mind the row above: over the last 7 days funding on this pair cost −0.754%, so the current rate has only just turned in your favour. 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 SKLUSDT | 0.004486 | 0.0100 | pay 0.0100% / 8h | 4h 52m | $811K | $863K | 25x |
| Short | BloFin SKL-USDT | 0.004488 | 0.0153 | get 0.0077% / 4h | 52m 00s | $167K | $21K | 50x |
Bybit SKLUSDT
BloFin SKL-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
- $11.18
- Price spread: +0.045% → −0.097%
- $14.18
- Slippage, 4 orders
- −$160.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$158.34
- Costs to cover
- 1.837%
- Break-even
- 106.1 days
Slippage from Bybit: live order book, 51 min ago; BloFin: live order book, 45 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, 51 min ago | 1.11 bp | 54.1 bp −$54 | 620.0 bp −$6,200 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 1.12 bp | 29.1 bp −$29 | 65.9 bp −$659 | doesn't fit | doesn't fit |
SKL on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SKLUSD | −0.4236% | 1h | 0.004463 | −0.503% | $4K | $6K | 10x | as long as short |
| Binance SKLUSDT | +0.0100% | 4h | 0.004483 | −0.067% | $2.6M | $7.0M | 50x | as long as short |
| Bybit SKLUSDTlong | +0.0100% | 8h | 0.004486 | long leg | $811K | $863K | 25x | |
| Gate SKL_USDT | +0.0100% | 4h | 0.004480 | −0.134% | $157K | $184K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004485 | −0.022% | $331K | $169K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004487 | +0.022% | $767K | $239K | 30x | as long as short |
| Bitget SKLUSDT | +0.0100% | 4h | 0.004481 | −0.111% | $459K | $710K | 25x | as long as short |
| BingX SKL-USDT | +0.0100% | 4h | 0.004483 | −0.067% | — | $2.3M | — | as long as short |
| Variational Omni SKL | +0.0100% | 8h | 0.004482 | −0.093% | $692 | $1K | — | as long as short |
| BloFin SKL-USDTshort | +0.0153% | 4h | 0.004488 | +0.045% | $167K | $21K | 50x |
Kraken Futures PF_SKLUSD
Binance SKLUSDT
Gate SKL_USDT
MEXC SKL_USDT
KuCoin SKLUSDTM
Bitget SKLUSDT
BingX SKL-USDT
Variational Omni SKL