ATH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against BloFin−0.216%92s7-day average −0.274% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as 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−$1131.132% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.216%, 7d avg −0.274%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.057% dearer against BloFin than usual: you sell high and buy low (spread −0.216% now, against its 7-day average of −0.274%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days. The two prices were read 92 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	BloFin ATH-USDT	0.005546	0.0127	pay 0.0064% / 4h	3h 33m	$172K	$70K	75x
Short	Bybit ATHUSDT	0.005534	0.0100	get 0.0050% / 4h	3h 33m	$4.4M	$2.3M	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$5.7
Price spread: −0.216% → −0.274%: $5.74
Slippage, 4 orders: −$90.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$113.18
Costs to cover: 1.132%
Break-even: never at this rate

Slippage from BloFin: live order book, 31 min ago; Bybit: live order book, 4 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, 31 min ago	0.90 bp	24.9 bp −$25	66.7 bp −$667	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.53 bp	32.1 bp −$32	126.6 bp −$1,266	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.2809%	1h	0.005536	−0.178%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0053%	4h	0.005530	−0.295%	$186K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005549	+0.055%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0075%	4h	0.005532	−0.252%	$703K	$1.2M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005544	−0.037%	$5K	$39K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005547	+0.010%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDTshort	+0.0100%	4h	0.005534	−0.216%	$4.4M	$2.3M	25x
Gate ATH_USDT	+0.0100%	4h	0.005533	−0.234%	$790K	$515K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005547	+0.018%	$8.9M	$583K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005534	−0.216%	$558K	$78K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005541	−0.090%	$1.6M	$854K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005539	−0.126%	—	$21.4M	—	as long as short
BloFin ATH-USDTlong	+0.0127%	4h	0.005546	long leg	$172K	$70K	75x