Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against BloFin−0.076%522s7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as 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−$1311.310% of the position
Funding, last 7 days+0.349%+$35 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.076%, 7d avg +0.053%
=Funding pays, the price is against you. Bybit is 0.129% cheaper against BloFin than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.053%). If the spread goes back, that is −$13 on $10k: about 8.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.349% in total) that is about 2.6 days. The two prices were read 522 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 AXL-USDT | 0.05246 | 0.0050 | pay 0.0025% / 4h | 2h 40m | $123K | $11K | 50x |
| Short | Bybit AXLUSDT | 0.05242 | 0.0100 | get 0.0050% / 4h | 2h 40m | $1.5M | $1.9M | 25x |
BloFin AXL-USDT
Bybit AXLUSDTFunding 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
- $10.58
- Price spread: −0.076% → +0.053%
- −$12.89
- Slippage, 4 orders
- −$108
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$133.31
- Costs to cover
- 1.310%
- Break-even
- 95.2 days
Slippage from BloFin: live order book, 10 min ago; Bybit: 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 BloFin live order book, 10 min ago | 2.86 bp | 18.6 bp −$19 | 59.8 bp −$598 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.76 bp | 41.0 bp −$41 | 516.7 bp −$5,167 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin AXL-USDTlong | +0.0050% | 4h | 0.05246 | long leg | $123K | $11K | 50x | |
| BingX AXL-USDT | +0.0070% | 4h | 0.05247 | +0.019% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05245 | −0.025% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05240 | −0.121% | $1.9M | $4.1M | 50x | as long as short |
| Bybit AXLUSDTshort | +0.0100% | 4h | 0.05242 | −0.076% | $1.5M | $1.9M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05238 | −0.152% | $330K | $162K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05246 | 0.000% | $445K | $95K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05241 | −0.095% | $568K | $300K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05255 | +0.166% | $6K | $23K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL