Funding you earn now, next payment 00:00 UTC+0.1438%/8h= +157.5% APRnext payment +$7.19 per $10,000 · paid last 24h +0.129%
Price spread now: Bybit against BloFin−0.025%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs−$337as in the Price arb table
costs, in and out, $10k−$3433.433% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 3 days (all we have)−0.156%−$16 · spread now −0.025%, 7d avg −0.086%
=Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Bybit is 0.062% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.19 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 THE-USDT | 0.08021 | 0.0265 | pay 0.0133% / 4h | 1h 12m | $132K | $3K | 50x |
| Short | Bybit THEUSDT | 0.08019 | 0.1703 | get 0.0852% / 4h | 1h 12m | $552K | $341K | 20x |
BloFin THE-USDT
Bybit THEUSDTFunding 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
- $302
- Price spread: −0.025% → −0.086%
- $6.15
- Slippage, 4 orders
- −$320.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$35.12
- Costs to cover
- 3.433%
- Break-even
- 7.8 days
Slippage from BloFin: live order book, 60 min ago; Bybit: live order book, 62 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, 60 min ago | 1.23 bp | 25.1 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 62 min ago | 13.56 bp | 190.6 bp −$191 | doesn't fit | doesn't fit | doesn't fit |
THE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX THE-USDT | +0.0070% | 4h | 0.08018 | −0.037% | — | $6.5M | — | as long as short |
| Gate THE_USDT | +0.0100% | 4h | 0.08030 | +0.112% | $65K | $67K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08016 | −0.062% | $399K | $324K | 10x | as long as short |
| Aster THEUSDT | +0.0137% | 4h | 0.08017 | −0.051% | $5K | $7K | 5x | as long as short |
| Binance THEUSDT | +0.0231% | 4h | 0.08023 | +0.025% | $2.0M | $3.7M | 10x | as long as short |
| MEXC THE_USDT | +0.0236% | 4h | 0.08021 | 0.000% | $200K | $137K | 50x | as long as short |
| BloFin THE-USDTlong | +0.0265% | 4h | 0.08021 | long leg | $132K | $3K | 50x | |
| KuCoin THEUSDTM | +0.0480% | 4h | 0.08029 | +0.100% | $129K | $77K | 10x | as long as short |
| Bybit THEUSDTshort | +0.1703% | 4h | 0.08019 | −0.025% | $552K | $341K | 20x |
BingX THE-USDT
Gate THE_USDT
Bitget THEUSDT
Aster THEUSDT
Binance THEUSDT
MEXC THE_USDT
KuCoin THEUSDTM