Funding you earn now, next payment 00:00 UTC−0.0941%/8h= −103.1% APRnext payment −$4.71 per $10,000 · paid last 24h +0.117%
Price spread now: BloFin against Bybit+0.386%112s7-day average +0.238% · you sell dearer than you buy
Net, funding: paid 7d − costs−$255as 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−$2722.719% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.386%, 7d avg +0.238%
=The price spread pays, funding is against you. BloFin is 0.148% dearer against Bybit than usual: you sell high and buy low (spread +0.386% now, against its 7-day average of +0.238%): +$15 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.165%, so the current rate has only just turned against you. The two prices were read 112 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 0.165% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.71 per $10,000. 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 ARCUSDT | 0.07773 | 0.1702 | pay 0.0851% / 4h | 2h 01m | $2.7M | $4.3M | 13x |
| Short | BloFin ARC-USDT | 0.07803 | 0.0760 | get 0.0380% / 4h | 2h 01m | $1.2M | $61K | 20x |
Bybit ARCUSDT
BloFin ARC-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
- −$197.71
- Price spread: +0.386% → +0.238%
- $14.84
- Slippage, 4 orders
- −$248.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$454.8
- Costs to cover
- 2.719%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 1 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 | 2.58 bp | 97.1 bp −$97 | 253.7 bp −$2,537 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 9.65 bp | 44.3 bp −$44 | 119.6 bp −$1,196 | doesn't fit | doesn't fit |
ARC on 12 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_ARCUSD | −0.0095% | 1h | 0.07754 | −0.238% | $49K | $81K | 20x | as long as short |
| Lighter ARC | +0.0096% | 1h | 0.07756 | −0.220% | $42K | $2K | 3x | as long as short |
| Gate ARC_USDT | +0.0100% | 4h | 0.07769 | −0.051% | $3.0M | $337K | 20x | as long as short |
| SunX ARC-USDT | +0.0100% | 4h | 0.07758 | −0.193% | $2K | $1.5M | 20x | as long as short |
| KuCoin ARCUSDTM | +0.0682% | 4h | 0.07787 | +0.174% | $1.3M | $1.8M | 20x | as long as short |
| Bitget ARCUSDT | +0.0750% | 4h | 0.07786 | +0.167% | $1.7M | $533K | 10x | as long as short |
| BloFin ARC-USDTshort | +0.0760% | 4h | 0.07803 | +0.386% | $1.2M | $61K | 20x | |
| Extended ARC-USD | +0.0784% | 1h | 0.07782 | +0.114% | $30K | $118K | 5x | as long as short |
| Binance ARCUSDT | +0.0784% | 4h | 0.07782 | +0.122% | $24.1M | $7.2M | 20x | as long as short |
| Aster ARCUSDT | +0.1355% | 4h | 0.07783 | +0.129% | $19K | $16K | 5x | as long as short |
Kraken Futures PF_ARCUSD
Lighter ARC
Gate ARC_USDT
SunX ARC-USDT
KuCoin ARCUSDTM
Bitget ARCUSDT
Extended ARC-USD
Binance ARCUSDT
Aster ARCUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ARCUSDTlong | +0.1702% | 4h | 0.07773 | long leg | $2.7M | $4.3M | 13x | |
| BingX ARC-USDT | +0.1750% | 4h | 0.07783 | +0.129% | — | $1.7M | — | as long as short |
BingX ARC-USDT