Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.086%
Price spread now: Bybit against BloFin−0.333%72s7-day average +0.261% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as 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−$2502.496% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 3 days (all we have)+0.694%+$69 · spread now −0.333%, 7d avg +0.261%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.594% cheaper against BloFin than usual: you would sell low and buy high (−$59 if the spread goes back to its 7-day average of +0.261%). Swap the legs. 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 US-USDT | 0.01650 | 0.0204 | pay 0.0102% / 4h | 2h 56m | $482K | $49K | 10x |
| Short | Bybit USUSDT | 0.01645 | 0.0100 | get 0.0050% / 4h | 2h 56m | $3.3M | $827K | 20x |
BloFin US-USDT
Bybit USUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.87
- Price spread: −0.333% → +0.261%
- −$59.43
- Slippage, 4 orders
- −$226.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$330.87
- Costs to cover
- 2.496%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 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, 29 min ago | 1.21 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.04 bp | 102.4 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster USUSDT | +0.0100% | 4h | 0.01646 | −0.238% | $12K | $54K | 5x | as long as short |
| Bybit USUSDTshort | +0.0100% | 4h | 0.01645 | −0.333% | $3.3M | $827K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01644 | −0.382% | $2.1M | $533K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01642 | −0.473% | $4.2M | $272K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01653 | +0.153% | $16K | $3K | — | as long as short |
| BloFin US-USDTlong | +0.0204% | 4h | 0.01650 | long leg | $482K | $49K | 10x | |
| MEXC US_USDT | +0.0214% | 4h | 0.01645 | −0.321% | $5.5M | $114K | 100x | as long as short |
| Binance USUSDT | +0.0216% | 4h | 0.01645 | −0.321% | $9.2M | $3.1M | 10x | as long as short |
| Extended US-USD | +0.0216% | 1h | 0.01645 | −0.326% | $4K | $141K | 5x | as long as short |
| BingX US-USDT | +0.0698% | 4h | 0.01645 | −0.309% | — | $1.3M | — | as long as short |
Aster USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
MEXC US_USDT
Binance USUSDT
Extended US-USD
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0716% | 4h | 0.01646 | −0.248% | $4.3M | $245K | 10x | as long as short |
Bitget USUSDT