H

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.29 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against BloFin+0.052%62s7-day average −0.215% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as 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−$1301.297% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 4 days (all we have)−0.677%−$68 · spread now +0.052%, 7d avg −0.215%

Together, before fees−0.927%−$93 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.267% dearer against BloFin than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.215%): +$27 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.249% in total) that is about 7.5 days. The two prices were read 62 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 H-USDT	0.06878	0.0158	pay 0.0079% / 4h	2h 28m	$587K	$112K	25x
Short	Bybit HUSDT	0.06882	0.0100	get 0.0050% / 4h	2h 28m	$7.6M	$4.9M	13x

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 +0.052%Rate

Funding earned: −$12.12
Price spread: +0.052% → −0.215%: $26.74
Slippage, 4 orders: −$106.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$115.1
Costs to cover: 1.297%
Break-even: never at this rate

Slippage from BloFin: live order book, 63 min ago; Bybit: live order book, 5 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, 63 min ago	7.30 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.20 bp	35.9 bp −$36	159.4 bp −$1,594	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.131%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06883	+0.075%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06887	+0.138%	$14.7M	$11.0M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06882	+0.052%	$7.6M	$4.9M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06897	+0.276%	$1.8M	$6.4M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06884	+0.087%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06885	+0.102%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06888	+0.145%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06880	+0.029%	$1.7M	$446K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06891	+0.189%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06855	−0.328%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06862	−0.236%	$1.1M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06882	+0.053%	$9K	$97K	5x	as long as short
BloFin H-USDTlong	+0.0158%	4h	0.06878	long leg	$587K	$112K	25x