Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.063%
Price spread now: Bybit against BloFin−0.126%132s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as 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−$660.660% of the position
Funding, last 7 days−0.532%−$53 on $10k
+Price spread, last 3 days (all we have)+0.233%+$23 · spread now −0.126%, 7d avg +0.031%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.157% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.031%). Swap the legs. The two prices were read 132 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 ETHFI-USDT | 0.7142 | 0.0340 | pay 0.0170% / 4h | 2h 47m | $1.2M | $260K | 75x |
| Short | Bybit ETHFIUSDT | 0.7133 | 0.0100 | get 0.0050% / 4h | 2h 47m | $17.9M | $12.7M | 25x |
BloFin ETHFI-USDT
Bybit ETHFIUSDTFunding 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
- −$50.4
- Price spread: −0.126% → +0.031%
- −$15.75
- Slippage, 4 orders
- −$43.05
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$132.19
- Costs to cover
- 0.660%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 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, 5 min ago | 5.61 bp | 14.3 bp −$14 | 27.6 bp −$276 | 102.9 bp −$10.3K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.40 bp | 17.3 bp −$17 | 64.2 bp −$642 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0451% | 1h | 0.7131 | −0.154% | $40K | $13K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0406% | 4h | 0.7134 | −0.112% | $88K | $169K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0211% | 4h | 0.7134 | −0.112% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0006% | 4h | 0.7135 | −0.099% | $1.0M | $721K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.372% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7137 | −0.064% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7142 | 0.000% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7140 | −0.031% | $17.9M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7134 | −0.107% | $182K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7130 | −0.168% | $24.8M | $36.6M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7133 | −0.126% | $17.9M | $12.7M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7138 | −0.056% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7139 | −0.042% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7137 | −0.070% | $15.1M | $3.8M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7135 | −0.098% | $1.2M | $259K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7131 | −0.154% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7134 | −0.112% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7145 | +0.043% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7138 | −0.056% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7134 | −0.119% | $98K | $389K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7127 | −0.213% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7169 | +0.378% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0227% | 1h | 0.7138 | −0.050% | $272K | $185K | 20x | as long as short |
| BloFin ETHFI-USDTlong | +0.0340% | 4h | 0.7142 | long leg | $1.2M | $260K | 75x |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD