TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.31 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BloFin+0.272%82s7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$590as 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−$6236.232% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 3 days (all we have)−0.195%−$20 · spread now +0.272%, 7d avg +0.107%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.165% dearer against BloFin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.107%. The two prices were read 82 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	BloFin TRUTH-USDT	0.01361	0.0552	pay 0.0276% / 4h	1h 39m	$197K	$13K	50x
Short	Bybit TRUTHUSDT	0.01364	0.0614	get 0.0307% / 4h	1h 39m	$1.3M	$455K	20x

Funding 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 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.272%Rate

Funding earned: $13.07
Price spread: +0.272% → +0.107%: $16.45
Slippage, 4 orders: −$600.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$593.72
Costs to cover: 6.232%
Break-even: 324.9 days

Slippage from BloFin: live order book, 35 min ago; Bybit: live order book, 1 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, 35 min ago	12.52 bp	47.3 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	9.90 bp	198.8 bp −$199	doesn't fit	doesn't fit	doesn't fit

TRUTH on 10 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 TRUTH_USDT	+0.0100%	4h	0.01360	−0.088%	$425K	$63K	20x	as long as short
KuCoin TRUTHUSDTM	+0.0100%	4h	0.01360	−0.044%	$1.1M	$52K	10x	as long as short
Aster TRUTHUSDT	+0.0543%	4h	0.01361	+0.007%	$36K	$7K	5x	as long as short
BloFin TRUTH-USDTlong	+0.0552%	4h	0.01361	long leg	$197K	$13K	50x
Binance TRUTHUSDT	+0.0557%	4h	0.01363	+0.143%	$4.3M	$1.6M	20x	as long as short
Extended TRUTH-USD	+0.0560%	1h	0.01362	+0.100%	$3K	$180K	5x	as long as short
MEXC TRUTH_USDT	+0.0564%	4h	0.01363	+0.140%	$11.9M	$132K	20x	as long as short
OKX TRUTH-USDT-SWAP	+0.0570%	4h	0.01362	+0.096%	$185K	$285K	10x	as long as short
BingX TRUTH-USDT	+0.0612%	4h	0.01363	+0.169%	—	$6.5M	—	as long as short
Bybit TRUTHUSDTshort	+0.0614%	4h	0.01364	+0.272%	$1.3M	$455K	20x