Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BloFin−0.243%112s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,138as 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−$1,13911.395% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.391%+$39 · spread now −0.243%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.198% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 112 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 YB-USDT | 0.09061 | 0.0130 | pay 0.0065% / 4h | 1h 59m | $103K | $12K | 20x |
| Short | Bybit YBUSDT | 0.09039 | 0.0100 | get 0.0050% / 4h | 1h 59m | $595K | $91K | 25x |
BloFin YB-USDT
Bybit YBUSDTFunding 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
- −$6.22
- Price spread: −0.243% → −0.045%
- −$19.83
- Slippage, 4 orders
- −$1,116.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,165.54
- Costs to cover
- 11.395%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; Bybit: live order book, 41 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, 12 min ago | 2.78 bp | 33.7 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 41 min ago | 7.86 bp | 186.2 bp −$186 | doesn't fit | doesn't fit | doesn't fit |
YB on 12 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 YBUSDT | +0.0100% | 4h | 0.09042 | −0.211% | $7K | $2K | 5x | as long as short |
| Binance YBUSDT | +0.0100% | 4h | 0.09049 | −0.134% | $2.1M | $1.0M | 20x | as long as short |
| Bybit YBUSDTshort | +0.0100% | 4h | 0.09039 | −0.243% | $595K | $91K | 25x | |
| OKX YB-USDT-SWAP | +0.0100% | 4h | 0.09028 | −0.364% | $416K | $204K | 20x | as long as short |
| Gate YB_USDT | +0.0100% | 4h | 0.09060 | −0.011% | $105K | $20K | 20x | as long as short |
| MEXC YB_USDT | +0.0100% | 4h | 0.09030 | −0.342% | $617K | $120K | 50x | as long as short |
| KuCoin YBUSDTM | +0.0100% | 4h | 0.09050 | −0.121% | $185K | $13K | 20x | as long as short |
| Bitget YBUSDT | +0.0100% | 4h | 0.09043 | −0.199% | $551K | $27K | 10x | as long as short |
| BingX YB-USDT | +0.0100% | 4h | 0.09045 | −0.177% | — | $6.5M | — | as long as short |
| Variational Omni YB | +0.0100% | 4h | 0.09051 | −0.112% | $3K | $3K | — | as long as short |
Aster YBUSDT
Binance YBUSDT
OKX YB-USDT-SWAP
Gate YB_USDT
MEXC YB_USDT
KuCoin YBUSDTM
Bitget YBUSDT
BingX YB-USDT
Variational Omni YBShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX YB-USDT | +0.0100% | 4h | 0.09240 | +1.975% | $2K | $1.3M | 20x | as long as short |
| BloFin YB-USDTlong | +0.0130% | 4h | 0.09061 | long leg | $103K | $12K | 20x |
SunX YB-USDT