Funding you earn now, next payment 08:00 UTC−0.0869%/8h= −95.2% APRnext payment −$4.35 per $10,000 · paid last 24h −0.091%
Price spread now: Bybit against BloFin−0.190%92s7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,676as 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−$2,62526.252% of the position
Funding, last 7 days−0.509%−$51 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.190%, 7d avg −0.170%
=The price spread sits at its 7-day average of −0.170%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.509% in total (about -26.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XNY-USDT | 0.006323 | 0.1265 | pay 0.0632% / 4h | 3h 09m | $225K | $6K | 10x |
| Short | Bybit XNYUSDT | 0.006311 | 0.0396 | get 0.0198% / 4h | 3h 09m | $441K | $33K | 5x |
BloFin XNY-USDT
Bybit XNYUSDTFunding 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
- −$182.53
- Price spread: −0.190% → −0.170%
- −$1.99
- Slippage, 4 orders
- −$2,602.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,809.72
- Costs to cover
- 26.252%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; Bybit: live order book, 35 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, 11 min ago | 6.35 bp | 33.1 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 35 min ago | 12.59 bp | 705.6 bp −$706 | doesn't fit | doesn't fit | doesn't fit |
XNY on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XNY_USDT | +0.0100% | 4h | 0.006344 | +0.332% | $212K | $16K | 10x | as long as short |
| KuCoin XNYUSDTM | +0.0100% | 4h | 0.006295 | −0.443% | $294K | $16K | 10x | as long as short |
| Variational Omni XNY | +0.0100% | 4h | 0.006318 | −0.074% | $53K | $1K | — | as long as short |
| Bybit XNYUSDTshort | +0.0396% | 4h | 0.006311 | −0.190% | $441K | $33K | 5x | |
| Aster XNYUSDT | +0.1169% | 4h | 0.006293 | −0.467% | $6K | $4K | 5x | as long as short |
| BingX XNY-USDT | +0.1234% | 4h | 0.006316 | −0.111% | — | $1.3M | — | as long as short |
| BloFin XNY-USDTlong | +0.1265% | 4h | 0.006323 | long leg | $225K | $6K | 10x | |
| MEXC XNY_USDT | +0.1298% | 4h | 0.006318 | −0.079% | $177K | $97K | 100x | as long as short |
| Binance XNYUSDT | +0.1313% | 4h | 0.006315 | −0.127% | $3.7M | $1.0M | 10x | as long as short |
Gate XNY_USDT
KuCoin XNYUSDTM
Variational Omni XNY
Aster XNYUSDT
BingX XNY-USDT
MEXC XNY_USDT
Binance XNYUSDT