UB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.001%

Price spread now: Bybit against BloFin+0.052%72s7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as 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−$2402.403% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.052%, 7d avg −0.074%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.126% dearer against BloFin than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.074%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.018% in total) that is about 48 days. The two prices were read 72 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 UB-USDT	0.1493	0.0128	pay 0.0064% / 4h	3h 31m	$157K	$861K	50x
Short	Bybit UBUSDT	0.1494	0.0100	get 0.0050% / 4h	3h 31m	$983K	$2.5M	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

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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 +0.052%Rate

Funding earned: −$5.93
Price spread: +0.052% → −0.074%: $12.59
Slippage, 4 orders: −$217.28
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$233.61
Costs to cover: 2.403%
Break-even: never at this rate

Slippage from BloFin: live order book, 65 min ago; Bybit: live order book, 5 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, 65 min ago	1.36 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.35 bp	102.5 bp −$102	553.8 bp −$5,538	doesn't fit	doesn't fit

UB on 14 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
Binance UBUSDT	+0.0100%	4h	0.1495	+0.119%	$3.1M	$16.0M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1494	+0.052%	$983K	$2.5M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1494	+0.094%	$1.4M	$14.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1492	−0.074%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1494	+0.087%	$730K	$662K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1494	+0.069%	$1.1M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1494	+0.074%	$2.4M	$3.2M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1494	+0.080%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1494	+0.066%	$427	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1497	+0.257%	$38K	$269K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1495	+0.141%	$17K	$277K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1493	−0.040%	$2K	$172K	5x	as long as short
BloFin UB-USDTlong	+0.0128%	4h	0.1493	long leg	$157K	$861K	50x
Aster UBUSDT	+0.0615%	4h	0.1495	+0.115%	$406K	$161K	5x	as long as short