Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.061%
Price spread now: BloFin against Bybit+0.118%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$550.555% of the position
Funding, last 7 days+0.288%+$29 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.118%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALGOUSDT | 0.1105 | 0.0100 | pay 0.0100% / 8h | 7h 01m | $11.2M | $12.0M | 75x |
| Short | BloFin ALGO-USDT | 0.1106 | 0.0220 | get 0.0220% / 8h | 7h 01m | $492K | $762K | 75x |
Bybit ALGOUSDT
BloFin ALGO-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
- $25.2
- Price spread: +0.118% → +0.038%
- $7.96
- Slippage, 4 orders
- −$32.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.31
- Costs to cover
- 0.555%
- Break-even
- 13.2 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 5 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, 2 min ago | 0.90 bp | 14.7 bp −$15 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.35 bp | 10.0 bp −$10 | 21.0 bp −$210 | doesn't fit | doesn't fit |
ALGO on 22 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_ALGOUSD | −0.0573% | 1h | 0.1105 | +0.050% | $821K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0383% | 1h | 0.1105 | +0.036% | $100K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1114 | +0.824% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0053% | 8h | 0.1105 | −0.004% | $60K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1106 | +0.139% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.385% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1107 | +0.199% | $3.6M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1107 | +0.219% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.003% | $9.8M | $34.7M | 75x | as long as short |
| Bybit ALGOUSDTlong | +0.0100% | 8h | 0.1105 | long leg | $11.2M | $12.0M | 75x |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1105 | −0.018% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1107 | +0.208% | $868K | $831K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1106 | +0.109% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1106 | +0.154% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1106 | +0.118% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1106 | +0.127% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1109 | +0.344% | $60K | $142K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1105 | −0.007% | $8K | $233K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0158% | 8h | 0.1109 | +0.389% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1106 | +0.118% | $492K | $762K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1106 | +0.129% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1509% | 1h | 0.1107 | +0.205% | $159K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD