Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h −0.008%
Price spread now: BloFin against Bybit+0.043%82s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as 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−$1151.148% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.043%, 7d avg +0.080%
=Funding pays, the price is against you. BloFin is 0.037% cheaper against Bybit than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.080%). If the spread goes back, that is −$4 on $10k: about 3.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.168% in total) that is about 37 hours. The two prices were read 82 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 AIXBTUSDT | 0.02321 | 0.0100 | pay 0.0050% / 4h | 3h 45m | $1.2M | $1.1M | 25x |
| Short | BloFin AIXBT-USDT | 0.02322 | 0.0132 | get 0.0066% / 4h | 3h 45m | $119K | $78K | 50x |
Funding 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
- $6.76
- Price spread: +0.043% → +0.080%
- −$3.68
- Slippage, 4 orders
- −$91.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$111.69
- Costs to cover
- 1.148%
- Break-even
- 122.7 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 43 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, 5 min ago | 4.31 bp | 34.7 bp −$35 | 238.3 bp −$2,383 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 8.72 bp | 24.0 bp −$24 | 81.4 bp −$814 | doesn't fit | doesn't fit |
AIXBT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AIXBTUSD | −0.1370% | 1h | 0.02324 | +0.108% | $19K | $5K | 10x | as long as short |
| Hyperliquid AIXBT | +0.0100% | 1h | 0.02326 | +0.224% | $396K | $206K | 3x | as long as short |
| Binance AIXBTUSDT | +0.0100% | 4h | 0.02324 | +0.137% | $2.5M | $3.3M | 50x | as long as short |
| Bybit AIXBTUSDTlong | +0.0100% | 4h | 0.02321 | long leg | $1.2M | $1.1M | 25x | |
| OKX AIXBT-USDT-SWAP | +0.0100% | 4h | 0.02325 | +0.172% | $468K | $1.6M | 20x | as long as short |
| Gate AIXBT_USDT | +0.0100% | 4h | 0.02324 | +0.129% | $204K | $82K | 25x | as long as short |
| MEXC AIXBT_USDT | +0.0100% | 4h | 0.02325 | +0.172% | $691K | $230K | 100x | as long as short |
| KuCoin AIXBTUSDTM | +0.0100% | 4h | 0.02326 | +0.215% | $1.2M | $1.4M | 30x | as long as short |
| Bitget AIXBTUSDT | +0.0100% | 4h | 0.02328 | +0.302% | $681K | $541K | 20x | as long as short |
| BingX AIXBT-USDT | +0.0100% | 4h | 0.02324 | +0.129% | — | $6.6M | — | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AIXBT | +0.0100% | 4h | 0.02320 | −0.061% | $102K | $10K | — | as long as short |
| BloFin AIXBT-USDTshort | +0.0132% | 4h | 0.02322 | +0.043% | $119K | $78K | 50x | |
| GMX AIXBT/USD [ETH-USDC] | L +0.0272% / S −0.0486% | 1h | 0.02325 | +0.159% | $5K | — | 100x | as long as short |
| Reya AIXBTRUSDPERP | +0.0372% | 1h | 0.02324 | +0.124% | — | — | — | as long as short |
Bybit AIXBTUSDT
BloFin AIXBT-USDT
Kraken Futures PF_AIXBTUSD
Hyperliquid AIXBT
Binance AIXBTUSDT
OKX AIXBT-USDT-SWAP
Gate AIXBT_USDT
MEXC AIXBT_USDT
KuCoin AIXBTUSDTM
Bitget AIXBTUSDT
BingX AIXBT-USDT
Variational Omni AIXBT
GMX AIXBT/USD [ETH-USDC]