Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against Bybit+0.137%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,320as in the Price arb table
costs, in and out, $10k−$1,33013.300% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.137%, 7d avg +0.042%
=The price spread pays, funding is against you. BloFin is 0.095% dearer against Bybit than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.042%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.038% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TURTLEUSDT | 0.04372 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $153K | $29K | 25x |
| Short | BloFin TURTLE-USDT | 0.04378 | 0.0043 | get 0.0021% / 4h | 2h 42m | $102K | $7K | 20x |
Bybit TURTLEUSDT
BloFin TURTLE-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
- −$12.04
- Price spread: +0.137% → +0.042%
- $9.55
- Slippage, 4 orders
- −$1,307
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,332.5
- Costs to cover
- 13.300%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 52 min ago; BloFin: live order book, 35 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, 52 min ago | 7.97 bp | 895.6 bp −$896 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 35 min ago | 1.14 bp | 23.8 bp −$24 | 99.9 bp −$999 | doesn't fit | doesn't fit |
TURTLE 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TURTLE-USDTshort | +0.0043% | 4h | 0.04378 | +0.137% | $102K | $7K | 20x | |
| Aster TURTLEUSDT | +0.0100% | 4h | 0.04375 | +0.059% | $2K | $213 | 5x | as long as short |
| Binance TURTLEUSDT | +0.0100% | 4h | 0.04372 | −0.010% | $1.6M | $822K | 20x | as long as short |
| Bybit TURTLEUSDTlong | +0.0100% | 4h | 0.04372 | long leg | $153K | $29K | 25x | |
| Gate TURTLE_USDT | +0.0100% | 8h | 0.04377 | +0.114% | $90K | $21K | 20x | as long as short |
| MEXC TURTLE_USDT | +0.0100% | 4h | 0.04371 | −0.023% | $220K | $90K | 20x | as long as short |
| KuCoin TURTLEUSDTM | +0.0100% | 4h | 0.04370 | −0.046% | $177K | $104K | 20x | as long as short |
| BingX TURTLE-USDT | +0.0100% | 4h | 0.04374 | +0.046% | — | $6.5M | — | as long as short |
| Variational Omni TURTLE | +0.0100% | 4h | 0.04382 | +0.223% | $1K | $944 | — | as long as short |
Aster TURTLEUSDT
Binance TURTLEUSDT
Gate TURTLE_USDT
MEXC TURTLE_USDT
KuCoin TURTLEUSDTM
BingX TURTLE-USDT
Variational Omni TURTLE