Funding you earn now, next payment 00:00 UTC+0.3019%/8h= +330.6% APRnext payment +$15.10 per $10,000 · paid last 24h +0.497%
Price spread now: Bybit against BloFin−0.286%72s7-day average −0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$409as 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−$4654.653% of the position
Funding, last 7 days+0.567%+$57 on $10k
+Price spread, last 3 days (all we have)+0.239%+$24 · spread now −0.286%, 7d avg −0.169%
=Funding pays, the price is against you. Bybit is 0.117% cheaper against BloFin than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of −0.169%). If the spread goes back, that is −$12 on $10k: about 3 hours of funding at the current rate (+$91 a day). At the pace of the last 7 days (+0.567% in total) that is about 35 hours. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.567% in total (about 29.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SLX-USDT | 0.06654 | 0.0521 | pay 0.0260% / 4h | 2h 36m | $170K | $3K | 25x |
| Short | Bybit SLXUSDT | 0.06635 | 0.3540 | get 0.1770% / 4h | 2h 36m | $955K | $321K | 20x |
BloFin SLX-USDT
Bybit SLXUSDTFunding 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
- $634.07
- Price spread: −0.286% → −0.169%
- −$11.66
- Slippage, 4 orders
- −$442.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $157.09
- Costs to cover
- 4.653%
- Break-even
- 5.3 days
Slippage from BloFin: live order book, 45 min ago; Bybit: live order book, 49 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, 45 min ago | 2.27 bp | 15.8 bp −$16 | 39.3 bp −$393 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 49 min ago | 5.32 bp | 215.9 bp −$216 | doesn't fit | doesn't fit | doesn't fit |
SLX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SLX_USDT | +0.0100% | 4h | 0.06650 | −0.060% | $315K | $610K | 25x | as long as short |
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06650 | −0.060% | $978K | $1.7M | 20x | as long as short |
| Bitget SLXUSDT | +0.0100% | 4h | 0.06644 | −0.150% | $1.0M | $370K | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06674 | +0.301% | $1K | $401K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0226% | 4h | 0.06661 | +0.105% | $1.8M | $1.8M | 20x | as long as short |
| Binance SLXUSDT | +0.0477% | 4h | 0.06664 | +0.144% | $2.6M | $2.8M | 25x | as long as short |
| MEXC SLX_USDT | +0.0480% | 4h | 0.06650 | −0.060% | $2.0M | $206K | 20x | as long as short |
| BloFin SLX-USDTlong | +0.0521% | 4h | 0.06654 | long leg | $170K | $3K | 25x | |
| Aster SLXUSDT | +0.0546% | 4h | 0.06646 | −0.120% | $16K | $21K | 10x | as long as short |
| BingX SLX-USDT | +0.3404% | 4h | 0.06648 | −0.090% | — | $1.7M | — | as long as short |
Gate SLX_USDT
KuCoin SLXUSDTM
Bitget SLXUSDT
SunX SLX-USDT
OKX SLX-USDT-SWAP
Binance SLXUSDT
MEXC SLX_USDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.3540% | 4h | 0.06635 | −0.286% | $955K | $321K | 20x |