Funding you earn now, next payment 01:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.139%
Price spread now: Bluefin against Bybit−0.116%48s7-day average +0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$484as 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−$3653.647% of the position
Funding, last 7 days−1.194%−$119 on $10k
+Price spread, last 3 days (all we have)+0.527%+$53 · spread now −0.116%, 7d avg +0.126%
=Funding pays, the price is against you. Bluefin is 0.242% cheaper against Bybit than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.126%). If the spread goes back, that is −$24 on $10k: about 13 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.194%, so the current rate has only just turned in your favour. The two prices were read 48 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 WALUSDT | 0.03440 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $1.3M | $1.5M | 25x |
| Short | Bluefin WAL-PERP | 0.03436 | 0.0164 | get 0.0020% / 1h | 40m 28s | $32K | $760K | 20x |
Bybit WALUSDT
Bluefin WAL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- $13.41
- Price spread: −0.116% → +0.126%
- −$24.22
- Slippage, 4 orders
- −$346.69
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$375.5
- Costs to cover
- 3.647%
- Break-even
- 203.1 days
Slippage from Bybit: live order book, 1 min ago; Bluefin: live order book, 34 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 | 1.46 bp | 59.9 bp −$60 | 386.4 bp −$3,864 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 34 min ago | 2.93 bp | 110.6 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
WAL on 10 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 WALUSDT | +0.0100% | 4h | 0.03440 | 0.000% | $2.3M | $6.3M | 75x | as long as short |
| Bybit WALUSDTlong | +0.0100% | 4h | 0.03440 | long leg | $1.3M | $1.5M | 25x | |
| OKX WAL-USDT-SWAP | +0.0100% | 4h | 0.03438 | −0.058% | $220K | $859K | 10x | as long as short |
| Gate WAL_USDT | +0.0100% | 4h | 0.03438 | −0.058% | $290K | $423K | 50x | as long as short |
| MEXC WAL_USDT | +0.0100% | 4h | 0.03433 | −0.203% | $563K | $269K | 20x | as long as short |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03438 | −0.058% | $342K | $71K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03440 | 0.000% | $588K | $866K | 20x | as long as short |
| BingX WAL-USDT | +0.0100% | 4h | 0.03437 | −0.087% | — | $6.6M | — | as long as short |
| Variational Omni WAL | +0.0100% | 4h | 0.03437 | −0.088% | $21K | $7K | — | as long as short |
| Bluefin WAL-PERPshort | +0.0164% | 1h | 0.03436 | −0.116% | $32K | $760K | 20x |
Binance WALUSDT
OKX WAL-USDT-SWAP
Gate WAL_USDT
MEXC WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
BingX WAL-USDT
Variational Omni WAL