Funding you earn now, next payment 04:00 UTC−0.0292%/8h= −32.0% APRnext payment −$1.46 per $10,000 · paid last 24h −0.078%
Price spread now: Bybit against BloFin+0.153%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$690.691% of the position
Funding, last 7 days−0.531%−$53 on $10k
+Price spread, last 4 days (all we have)+0.492%+$49 · spread now +0.153%, 7d avg −0.049%
=The price spread pays, funding is against you. Bybit is 0.203% dearer against BloFin than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of −0.049%): +$20 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin USELESS-USDT | 0.2737 | 0.1267 | pay 0.0633% / 4h | 1h 16m | $1.2M | $2.0M | 12x |
| Short | Bybit USELESSUSDT | 0.2742 | 0.0974 | get 0.0487% / 4h | 1h 16m | $26.4M | $46.5M | 13x |
BloFin USELESS-USDT
Bybit USELESSUSDTFunding 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
- −$61.38
- Price spread: +0.153% → −0.049%
- $20.29
- Slippage, 4 orders
- −$46.09
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$110.19
- Costs to cover
- 0.691%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago | 0.36 bp | 18.2 bp −$18 | 37.3 bp −$373 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.18 bp | 18.7 bp −$19 | 57.7 bp −$577 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2741 | +0.128% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2742 | +0.150% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2739 | +0.047% | $6.9M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2745 | +0.274% | $39K | $216K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2748 | +0.387% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2746 | +0.321% | $18K | $511K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2741 | +0.135% | $606K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0207% | 4h | 0.2743 | +0.190% | $9.7M | $64.4M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0238% | 1h | 0.2754 | +0.606% | $38K | $695K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2740 | +0.104% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0280% | 4h | 0.2742 | +0.168% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0548% | 4h | 0.2739 | +0.066% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0603% | 4h | 0.2740 | +0.107% | $20K | $196K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0614% | 4h | 0.2741 | +0.124% | $10.9M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0616% | 1h | 0.2740 | +0.081% | $289K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0620% | 4h | 0.2743 | +0.216% | $23.2M | $118.0M | 50x | as long as short |
| Hyperliquid USELESS | +0.0679% | 1h | 0.2744 | +0.247% | $13.4M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0934% | 4h | 0.2745 | +0.281% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDTshort | +0.0974% | 4h | 0.2742 | +0.153% | $26.4M | $46.5M | 13x | |
| Variational Omni USELESS | +0.1034% | 4h | 0.2753 | +0.582% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1043% | 4h | 0.2740 | +0.106% | $577K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDTlong | +0.1267% | 4h | 0.2737 | long leg | $1.2M | $2.0M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1390% | 4h | 0.2741 | +0.128% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2908 | +6.247% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Variational Omni USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP