Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.008%
Price spread now: BloFin against Bybit−0.026%72s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as 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−$930.930% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.026%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.036% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 72 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 IDUSDT | 0.03836 | 0.0100 | pay 0.0100% / 8h | 1h 02m | $1.5M | $1.1M | 25x |
| Short | BloFin ID-USDT | 0.03835 | 0.0076 | get 0.0038% / 4h | 1h 02m | $155K | $15K | 50x |
Bybit IDUSDT
BloFin ID-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
- −$5.02
- Price spread: −0.026% → +0.009%
- −$3.55
- Slippage, 4 orders
- −$70
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$101.58
- Costs to cover
- 0.930%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 65 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, 4 min ago | 6.50 bp | 31.8 bp −$32 | 469.3 bp −$4,693 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 65 min ago | 2.61 bp | 22.2 bp −$22 | 46.7 bp −$467 | doesn't fit | doesn't fit |
ID 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | −0.0046% | 1h | 0.03833 | −0.068% | $4K | $4K | 10x | as long as short |
| BloFin ID-USDTshort | +0.0076% | 4h | 0.03835 | −0.026% | $155K | $15K | 50x | |
| Aster IDUSDT | +0.0100% | 4h | 0.03837 | +0.021% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03836 | −0.012% | $2.4M | $3.9M | 50x | as long as short |
| Bybit IDUSDTlong | +0.0100% | 8h | 0.03836 | long leg | $1.5M | $1.1M | 25x | |
| Gate ID_USDT | +0.0100% | 4h | 0.03836 | 0.000% | $261K | $226K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03835 | −0.026% | $380K | $215K | 20x | as long as short |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03841 | +0.130% | $1.1M | $72K | 30x | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03847 | +0.282% | $12K | $20K | — | as long as short |
| BingX ID-USDT | +0.0502% | 4h | 0.03838 | +0.052% | — | $2.3M | — | as long as short |
Kraken Futures PF_IDUSD
Aster IDUSDT
Binance IDUSDT
Gate ID_USDT
MEXC ID_USDT
KuCoin IDUSDTM
Variational Omni ID
BingX ID-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IDUSDT | +0.0516% | 4h | 0.03845 | +0.235% | $996K | $780K | 50x | as long as short |
Bitget IDUSDT