Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.129%
Price spread now: Bybit against BloFin−0.345%112s7-day average −0.212% · you buy dearer than you sell
Net, funding: paid 7d − costs−$262as 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−$2352.349% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 3 days (all we have)+2.598%+$260 · spread now −0.345%, 7d avg −0.212%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.133% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.212%). Swap the legs. The two prices were read 112 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 B-USDT | 0.2027 | 0.0885 | pay 0.0442% / 4h | 2h 07m | $595K | $39K | 20x |
| Short | Bybit BUSDT | 0.2020 | 0.0870 | get 0.0435% / 4h | 2h 07m | $1.7M | $947K | 13x |
BloFin B-USDT
Bybit BUSDTFunding 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
- −$3.13
- Price spread: −0.345% → −0.212%
- −$13.31
- Slippage, 4 orders
- −$211.93
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$251.36
- Costs to cover
- 2.349%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 14 min ago; Bybit: live order book, 9 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, 14 min ago | 2.47 bp | 26.2 bp −$26 | 126.0 bp −$1,260 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 0.49 bp | 73.3 bp −$73 | 862.3 bp −$8,623 | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0100% | 4h | 0.2020 | −0.345% | $3.4M | $596K | 20x | as long as short |
| KuCoin BUSDTM | +0.0100% | 4h | 0.2020 | −0.355% | $1.9M | $71K | 10x | as long as short |
| edgeX BUSDC | +0.0858% | 4h | 0.2024 | −0.155% | $3K | $391K | 5x | as long as short |
| MEXC B_USDT | +0.0858% | 4h | 0.2022 | −0.247% | $966K | $345K | 100x | as long as short |
| Binance BUSDT | +0.0860% | 4h | 0.2023 | −0.219% | $11.7M | $2.0M | 20x | as long as short |
| Extended B-USD | +0.0864% | 1h | 0.2022 | −0.231% | $15K | $117K | 5x | as long as short |
| Bybit BUSDTshort | +0.0870% | 4h | 0.2020 | −0.345% | $1.7M | $947K | 13x | |
| BloFin B-USDTlong | +0.0885% | 4h | 0.2027 | long leg | $595K | $39K | 20x | |
| BingX B-USDT | +0.0982% | 4h | 0.2022 | −0.247% | — | $1.2M | — | as long as short |
| Bitget BUSDT | +0.1042% | 4h | 0.2023 | −0.197% | $2.7M | $230K | 10x | as long as short |
Gate B_USDT
KuCoin BUSDTM
edgeX BUSDC
MEXC B_USDT
Binance BUSDT
Extended B-USD
BingX B-USDT
Bitget BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1335% | 4h | 0.2022 | −0.247% | $1.9M | $202K | 5x | as long as short |
Aster BUSDT