Funding you earn now, next payment 08:00 UTC−0.1803%/8h= −197.4% APRpaid last 24h +0.123%
Price spread now: BloFin against Bybit−0.037%62s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as 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−$1561.561% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.037%, 7d avg +0.038%
=Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and BloFin is 0.075% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.038%). Swap the legs. The two prices were read 62 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 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment. 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 | Bybit CSOPSKHYNIX2LUSDT | 5.4320 | −0.0206 | get 0.0206% / 8h | 18m 07s | $94K | $131K | 20x |
| Short | BloFin CSOPSKHYNIX2L-USDT | 5.4300 | −0.2009 | pay 0.1004% / 4h | 18m 07s | — | $206K | 20x |
Bybit CSOPSKHYNIX2LUSDT
BloFin CSOPSKHYNIX2L-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
- −$378.54
- Price spread: −0.037% → +0.038%
- −$7.47
- Slippage, 4 orders
- −$133.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$542.14
- Costs to cover
- 1.561%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 52 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 | 8.28 bp | 42.7 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 3.68 bp | 19.8 bp −$20 | 56.3 bp −$563 | doesn't fit | doesn't fit |
CSOPSKHYNIX2L on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC CSOPSKHYNIX2L_USDT | −0.2062% | 4h | 5.4310 | −0.018% | $104K | $97K | 10x | as long as short |
| Binance CSOPSKHYNIX2LUSDT | −0.2052% | 4h | 5.4302 | −0.033% | $1.2M | $6.9M | 20x | as long as short |
| BloFin CSOPSKHYNIX2L-USDTshort | −0.2009% | 4h | 5.4300 | −0.037% | — | $206K | 20x | |
| Bybit CSOPSKHYNIX2LUSDTlong | −0.0206% | 8h | 5.4320 | long leg | $94K | $131K | 20x | |
| OKX CSOPSKHYNIX2L-USDT-SWAP | −0.0069% | 8h | 5.4280 | −0.074% | $142K | $311K | 10x | as long as short |
| Gate CSOPSKHYNIX2L_USDT | 0.0000% | 4h | 5.4330 | +0.018% | $101K | $55K | 20x | as long as short |
| HTX CSOPSKHYNIX2L-USDT | 0.0000% | 4h | 5.4280 | −0.074% | $21K | $343K | 10x | as long as short |
MEXC CSOPSKHYNIX2L_USDT
Binance CSOPSKHYNIX2LUSDT
OKX CSOPSKHYNIX2L-USDT-SWAP
Gate CSOPSKHYNIX2L_USDT
HTX CSOPSKHYNIX2L-USDT