Funding you earn now, next payment 16:00 UTC−0.0277%/8h= −30.4% APRnext payment −$2.77 per $10,000 · paid last 24h −0.051%
Price spread now: Bybit against BloFin−0.023%52s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as 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−$390.389% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)−1.075%−$108 · spread now −0.023%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 52 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 -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.77 per $10,000. 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 ARB-USDT | 0.2186 | 0.0086 | pay 0.0086% / 8h | 5h 54m | $3.0M | $2.1M | 75x |
| Short | Bybit ARBUSDT | 0.2186 | −0.0192 | pay 0.0192% / 8h | 5h 54m | $53.8M | $122.4M | 50x |
BloFin ARB-USDT
Bybit ARBUSDTFunding 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
- −$58.25
- Price spread: −0.023% → −0.036%
- $1.3
- Slippage, 4 orders
- −$15.85
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$95.8
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 0.46 bp | 12.4 bp −$12 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.23 bp | 8.6 bp −$9 | 17.2 bp −$172 | 47.0 bp −$4,704 | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1736% | 1h | 0.2182 | −0.192% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0230% | 1h | 0.2188 | +0.064% | $1.1M | $4.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0202% | 1h | 0.2187 | +0.041% | $9K | $2.2M | 5x | as long as short |
| Bybit ARBUSDTshort | −0.0192% | 8h | 0.2186 | −0.023% | $53.8M | $122.4M | 50x | |
| OKX ARB-USDT-SWAP | −0.0142% | 8h | 0.2186 | −0.014% | $22.8M | $142.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0141% | 8h | 0.2186 | −0.014% | $44.2M | $61.0M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2186 | −0.005% | $7K | $414 | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0070% | 1h | 0.2188 | +0.073% | $29K | $36K | 25x | as long as short |
| Binance ARBUSDT | −0.0034% | 8h | 0.2186 | 0.000% | $64.0M | $289.4M | 75x | as long as short |
| Extended ARB-USD | −0.0032% | 1h | 0.2186 | −0.032% | $359K | $3.0M | 25x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
Extended ARB-USDShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ARB | −0.0030% | 8h | 0.2186 | −0.005% | $1.8M | $2.6M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0020% | 8h | 0.2186 | −0.009% | $16K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2186 | +0.011% | $64K | $3K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2187 | +0.048% | $73K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0006% | 1h | 0.2186 | −0.014% | $73K | $1.9M | 10x | as long as short |
| Gate ARB_USDT | +0.0032% | 8h | 0.2186 | 0.000% | $5.4M | $16.3M | 60x | as long as short |
| Phemex ARBUSDT | +0.0037% | 8h | 0.2187 | +0.037% | $4.7M | $12.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2188 | +0.081% | $139K | $7K | 3x | as long as short |
| BloFin ARB-USDTlong | +0.0086% | 8h | 0.2186 | long leg | $3.0M | $2.1M | 75x | |
| Lighter ARB | +0.0096% | 1h | 0.2188 | +0.101% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2189 | +0.124% | $35.6M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2187 | +0.017% | $625K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2187 | +0.041% | $42K | $143K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2187 | +0.027% | $19.0M | $13.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2187 | +0.037% | $21.0M | $33.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2185 | −0.046% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2188 | +0.094% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2189 | +0.128% | $469K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2190 | +0.174% | $118K | $311K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.128% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.018% | $296K | $816K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0182% | 1h | 0.2189 | +0.128% | $975K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2188 | +0.060% | $543K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0279% / S −0.0162% | 1h | 0.2187 | +0.028% | $836K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2186 | −0.024% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2196 | +0.430% | $524K | $1.4M | 50x | as long as short |
Variational Omni ARB
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Gate ARB_USDT
Phemex ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX