Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.043%
Price spread now: BloFin against Bybit−0.383%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3,678as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,738as in the Price arb table
costs, in and out, $10k−$3,69436.939% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)+0.433%+$43 · spread now −0.383%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.440% cheaper against Bybit than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TOWNSUSDT | 0.002089 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $384K | $117K | 5x |
| Short | BloFin TOWNS-USDT | 0.002081 | 0.0065 | get 0.0032% / 4h | 3h 55m | $132K | $4K | 10x |
Bybit TOWNSUSDT
BloFin TOWNS-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
- −$7.4
- Price spread: −0.383% → +0.057%
- −$43.98
- Slippage, 4 orders
- −$3,670.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$3,745.24
- Costs to cover
- 36.939%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 54 min ago; BloFin: live order book, 34 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, 54 min ago | 9.69 bp | 2431.7 bp −$2,432 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 4.82 bp | 25.7 bp −$26 | 114.5 bp −$1,145 | doesn't fit | doesn't fit |
TOWNS on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TOWNS-USDTshort | +0.0065% | 4h | 0.002081 | −0.383% | $132K | $4K | 10x | |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002082 | −0.324% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDT | +0.0100% | 4h | 0.002091 | +0.091% | $2.0M | $1.3M | 10x | as long as short |
| Bybit TOWNSUSDTlong | +0.0100% | 4h | 0.002089 | long leg | $384K | $117K | 5x | |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002082 | −0.335% | $71K | $14K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002089 | 0.000% | $399K | $120K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0100% | 4h | 0.002084 | −0.239% | $248K | $31K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0100% | 4h | 0.002093 | +0.191% | $342K | $41K | 5x | as long as short |
| BingX TOWNS-USDT | +0.0100% | 4h | 0.002090 | +0.048% | — | $2.3M | — | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002083 | −0.305% | $195 | $549 | — | as long as short |
Aster TOWNSUSDT
Binance TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDT
BingX TOWNS-USDT
Variational Omni TOWNSShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.0328% | 1h | 0.002074 | −0.718% | $77K | $3K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.3109% | 1h | 0.002091 | +0.096% | — | — | 25x | as long as short |
Coinbase International TOWNS-PERP-INTX
Deribit TOWNS_USDC-PERPETUAL