Funding you earn now, next payment 04:00 UTC+0.0236%/8h= +25.9% APRnext payment +$1.18 per $10,000 · paid last 24h +0.065%
Price spread now: BloFin against Bybit−0.045%92s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs+$23as 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−$240.235% of the position
Funding, last 7 days+0.464%+$46 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.045%, 7d avg −0.001%
=Funding pays, the price is against you. BloFin is 0.045% cheaper against Bybit than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.001%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). The two prices were read 92 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 XAUTUSDT | 4,347.7 | −0.0028 | get 0.0014% / 4h | 25m 36s | $120.1M | $28.1M | 75x |
| Short | BloFin XAUT-USDT | 4,345.7 | 0.0208 | get 0.0104% / 4h | 25m 36s | $2.3M | $1.6M | 75x |
Bybit XAUTUSDT
BloFin XAUT-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
- $49.65
- Price spread: −0.045% → −0.001%
- −$4.48
- Slippage, 4 orders
- −$0.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $21.62
- Costs to cover
- 0.235%
- Break-even
- 4.0 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 7 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, 3 min ago | 0.12 bp | 5.7 bp −$6 | 6.5 bp −$65 | 11.8 bp −$1,182 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.12 bp | 6.1 bp −$6 | 7.7 bp −$77 | 12.3 bp −$1,230 | 27.0 bp −$13.5K |
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0349% | 1h | 4,346.6 | −0.024% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0042% | 4h | 4,347.2 | −0.012% | $25.9M | $15.3M | 75x | as long as short |
| Bybit XAUTUSDTlong | −0.0028% | 4h | 4,347.7 | long leg | $120.1M | $28.1M | 75x | |
| MEXC XAUT_USDT | −0.0028% | 4h | 4,347.6 | −0.002% | $373.1M | $276.0M | 1000x | as long as short |
| Variational Omni XAUT | −0.0026% | 4h | 4,347.3 | −0.007% | $33.1M | $3.5M | — | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,349.2 | +0.035% | $130.5M | $8.2M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.049% | $8K | $149K | 30x | as long as short |
| Binance XAUTUSDT | +0.0039% | 4h | 4,348.1 | +0.009% | $35.1M | $45.3M | 75x | as long as short |
| Extended XAUT-USD | +0.0040% | 1h | 4,346.9 | −0.017% | $272K | $215K | 25x | as long as short |
| BingX XAUT-USDT | +0.0040% | 4h | 4,348.3 | +0.013% | — | $17.8M | — | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
MEXC XAUT_USDT
Variational Omni XAUT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Binance XAUTUSDT
Extended XAUT-USD
BingX XAUT-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX XAUT-USD | +0.0050% | 1h | 4,347.7 | +0.001% | $10.1M | $2.0M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,348 | +0.008% | $4.2M | $965K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,350.2 | +0.058% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,344.6 | −0.070% | $912 | $107K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,348.2 | +0.012% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,349.5 | +0.042% | $1.8M | $298K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,354.1 | +0.149% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,345.4 | −0.052% | $1.8M | $226K | 75x | as long as short |
| BloFin XAUT-USDTshort | +0.0208% | 4h | 4,345.7 | −0.045% | $2.3M | $1.6M | 75x | |
| Kraken Futures PF_XAUTUSD | +0.0222% | 1h | 4,350.6 | +0.067% | $5.7M | $4.5M | 50x | as long as short |
SoDEX XAUT-USD
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Kraken Futures PF_XAUTUSD