Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against Bybit+0.017%52s7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as 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−$1121.120% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.017%, 7d avg −0.092%
=The price spread pays, funding is against you. BloFin is 0.109% dearer against Bybit than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.092%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.012% in total) that is about 2 months. The two prices were read 52 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 | Bybit TWTUSDT | 0.5898 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $5.3M | $911K | 25x |
| Short | BloFin TWT-USDT | 0.5899 | 0.0072 | get 0.0036% / 4h | 1h 36m | $260K | $12K | 75x |
Bybit TWTUSDT
BloFin TWT-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
- −$5.91
- Price spread: +0.017% → −0.092%
- $10.87
- Slippage, 4 orders
- −$88.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.02
- Costs to cover
- 1.120%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 40 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, 1 min ago | 1.70 bp | 36.3 bp −$36 | 132.8 bp −$1,328 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 10.17 bp | 22.5 bp −$23 | 65.3 bp −$653 | doesn't fit | doesn't fit |
TWT on 8 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 TWT-USDTshort | +0.0072% | 4h | 0.5899 | +0.017% | $260K | $12K | 75x | |
| Binance TWTUSDT | +0.0100% | 4h | 0.5893 | −0.082% | $3.9M | $2.2M | 75x | as long as short |
| Bybit TWTUSDTlong | +0.0100% | 4h | 0.5898 | long leg | $5.3M | $911K | 25x | |
| Gate TWT_USDT | +0.0100% | 8h | 0.5900 | +0.034% | $269K | $103K | 50x | as long as short |
| MEXC TWT_USDT | +0.0100% | 4h | 0.5893 | −0.085% | $6.8M | $157K | 125x | as long as short |
| KuCoin TWTUSDTM | +0.0100% | 4h | 0.5903 | +0.076% | $815K | $1.1M | 30x | as long as short |
| BingX TWT-USDT | +0.0100% | 4h | 0.5901 | +0.051% | — | $2.5M | — | as long as short |
| Variational Omni TWT | +0.0100% | 4h | 0.5909 | +0.183% | $226K | $830 | — | as long as short |
Binance TWTUSDT
Gate TWT_USDT
MEXC TWT_USDT
KuCoin TWTUSDTM
BingX TWT-USDT
Variational Omni TWT