Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Bybit−0.198%82s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as 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−$1291.293% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.198%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.199% cheaper against Bybit than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 82 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 | Bybit HOLOUSDT | 0.06562 | 0.0100 | pay 0.0050% / 4h | 45m 57s | $1.5M | $644K | 25x |
| Short | BloFin HOLO-USDT | 0.06549 | 0.0081 | get 0.0040% / 4h | 45m 57s | $163K | $19K | 50x |
Bybit HOLOUSDT
BloFin HOLO-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
- −$4.02
- Price spread: −0.198% → +0.001%
- −$19.94
- Slippage, 4 orders
- −$106.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$153.25
- Costs to cover
- 1.293%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 16 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, 5 min ago | 3.05 bp | 35.7 bp −$36 | 743.7 bp −$7,437 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 2.30 bp | 24.1 bp −$24 | 64.4 bp −$644 | doesn't fit | doesn't fit |
HOLO on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HOLOUSDTM | −0.0086% | 4h | 0.06549 | −0.198% | $215K | $116K | 30x | as long as short |
| BloFin HOLO-USDTshort | +0.0081% | 4h | 0.06549 | −0.198% | $163K | $19K | 50x | |
| Aster HOLOUSDT | +0.0100% | 4h | 0.06565 | +0.048% | $15K | $5K | 5x | as long as short |
| Binance HOLOUSDT | +0.0100% | 4h | 0.06561 | −0.015% | $2.5M | $2.2M | 50x | as long as short |
| Bybit HOLOUSDTlong | +0.0100% | 4h | 0.06562 | long leg | $1.5M | $644K | 25x | |
| Gate HOLO_USDT | +0.0100% | 4h | 0.06559 | −0.046% | $242K | $50K | 50x | as long as short |
| MEXC HOLO_USDT | +0.0100% | 4h | 0.06563 | +0.015% | $581K | $180K | 50x | as long as short |
| Bitget HOLOUSDT | +0.0100% | 4h | 0.06568 | +0.091% | $581K | $193K | 20x | as long as short |
| BingX HOLO-USDT | +0.0100% | 4h | 0.06561 | −0.015% | — | $6.6M | — | as long as short |
| Variational Omni HOLO | +0.0100% | 4h | 0.06573 | +0.170% | $4K | $491 | — | as long as short |
KuCoin HOLOUSDTM
Aster HOLOUSDT
Binance HOLOUSDT
Gate HOLO_USDT
MEXC HOLO_USDT
Bitget HOLOUSDT
BingX HOLO-USDT
Variational Omni HOLO