Funding you earn now, next payment 12:00 UTC−0.0392%/8h= −42.9% APRpaid last 24h −0.085%
Price spread now: Bybit against BloFin−0.018%82s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as 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−$1751.751% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.018%, 7d avg −0.038%
=The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 82 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 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CSOPSKHYNIX2L-USDT | 5.4500 | 0.0817 | pay 0.0409% / 4h | 1h 27m | — | $263K | 20x |
| Short | Bybit CSOPSKHYNIX2LUSDT | 5.4490 | 0.0425 | get 0.0425% / 8h | 5h 27m | $80K | $148K | 20x |
BloFin CSOPSKHYNIX2L-USDT
Bybit CSOPSKHYNIX2LUSDTFunding 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
- −$82.32
- Price spread: −0.018% → −0.038%
- $1.95
- Slippage, 4 orders
- −$152.06
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$255.43
- Costs to cover
- 1.751%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; Bybit: live order book, 9 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 | 8.27 bp | 26.5 bp −$27 | 72.3 bp −$723 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 4.59 bp | 58.3 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
CSOPSKHYNIX2L on 7 exchanges
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 CSOPSKHYNIX2L_USDT | 0.0000% | 4h | 5.4510 | +0.018% | $96K | $59K | 20x | as long as short |
| HTX CSOPSKHYNIX2L-USDT | 0.0000% | 4h | 5.4600 | +0.183% | $20K | $347K | 10x | as long as short |
| OKX CSOPSKHYNIX2L-USDT-SWAP | +0.0024% | 8h | 5.4570 | +0.128% | $143K | $338K | 10x | as long as short |
| Bybit CSOPSKHYNIX2LUSDTshort | +0.0425% | 8h | 5.4490 | −0.018% | $80K | $148K | 20x | |
| MEXC CSOPSKHYNIX2L_USDT | +0.0768% | 4h | 5.4500 | 0.000% | $100K | $93K | 10x | as long as short |
| Binance CSOPSKHYNIX2LUSDT | +0.0772% | 4h | 5.4520 | +0.037% | $1.1M | $7.4M | 20x | as long as short |
| BloFin CSOPSKHYNIX2L-USDTlong | +0.0817% | 4h | 5.4500 | long leg | — | $263K | 20x |
Gate CSOPSKHYNIX2L_USDT
HTX CSOPSKHYNIX2L-USDT
OKX CSOPSKHYNIX2L-USDT-SWAP
MEXC CSOPSKHYNIX2L_USDT
Binance CSOPSKHYNIX2LUSDT