Funding you earn now, next payment 04:00 UTC−0.2729%/8h= −298.8% APRnext payment −$13.65 per $10,000 · paid last 24h −0.883%
Price spread now: BloFin against Bybit+0.267%62s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as 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−$1151.150% of the position
Funding, last 7 days−0.891%−$89 on $10k
+Price spread, last 3 days (all we have)−0.266%−$27 · spread now +0.267%, 7d avg −0.029%
=The price spread pays, funding is against you. BloFin is 0.296% dearer against Bybit than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of −0.029%): +$30 on $10k if it goes back. Holding the pair costs −$82 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.891% in total) that is about 2.3 days. The two prices were read 62 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 -0.891% in total (about -46.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.65 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 ESPUSDT | 0.09378 | 0.2774 | pay 0.1387% / 4h | 3h 32m | $1.1M | $597K | 50x |
| Short | BloFin ESP-USDT | 0.09403 | 0.0045 | get 0.0022% / 4h | 3h 32m | $122K | $34K | 25x |
Bybit ESPUSDT
BloFin ESP-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
- −$573.13
- Price spread: +0.267% → −0.029%
- $29.57
- Slippage, 4 orders
- −$92.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$658.58
- Costs to cover
- 1.150%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 23 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, 3 min ago | 1.60 bp | 29.4 bp −$29 | 260.0 bp −$2,600 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 23 min ago | 2.13 bp | 12.4 bp −$12 | 36.6 bp −$366 | doesn't fit | doesn't fit |
ESP 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDTshort | +0.0045% | 4h | 0.09403 | +0.267% | $122K | $34K | 25x | |
| Aster ESPUSDT | +0.0100% | 4h | 0.09392 | +0.153% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09394 | +0.171% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09395 | +0.181% | $596K | $1.2M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09393 | +0.160% | $169K | $602K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09390 | +0.128% | $1.2M | $110K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09397 | +0.203% | $1.5M | $51K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09394 | +0.170% | $946K | $148K | 20x | as long as short |
| edgeX ESPUSDC | +0.0115% | 4h | 0.09395 | +0.186% | $29K | $270K | 10x | as long as short |
| Bybit ESPUSDTlong | +0.2774% | 4h | 0.09378 | long leg | $1.1M | $597K | 50x |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.2806% | 4h | 0.09392 | +0.149% | — | $1.7M | — | as long as short |
BingX ESP-USDT