IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against BloFin−0.335%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2272.273% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.402%+$40 · spread now −0.335%, 7d avg −0.101%

Together, before fees+0.353%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.234% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IO-USDT	0.1494	0.0156	pay 0.0078% / 4h	1h 03m	$192K	$34K	50x
Short	Bybit IOUSDT	0.1489	0.0100	get 0.0050% / 4h	1h 03m	$1.1M	$662K	25x

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 −0.335%Rate

Funding earned: −$11.82
Price spread: −0.335% → −0.101%: −$23.39
Slippage, 4 orders: −$204.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$262.5
Costs to cover: 2.273%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago	3.35 bp	20.0 bp −$20	58.5 bp −$585	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.36 bp	87.6 bp −$88	353.6 bp −$3,536	doesn't fit	doesn't fit

IO 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
Hyperliquid IO	+0.0100%	1h	0.1491	−0.174%	$996K	$267K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1491	−0.207%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1491	−0.210%	$3.0M	$5.0M	50x	as long as short
Bybit IOUSDTshort	+0.0100%	4h	0.1489	−0.335%	$1.1M	$662K	25x
Gate IO_USDT	+0.0100%	4h	0.1492	−0.141%	$231K	$480K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1489	−0.335%	$1.2M	$227K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1490	−0.268%	$336K	$191K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1493	−0.067%	$1.4M	$994K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1491	−0.201%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1492	−0.151%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1490	−0.270%	$2K	$207K	5x	as long as short
BloFin IO-USDTlong	+0.0156%	4h	0.1494	long leg	$192K	$34K	50x
Injective IO/USDC PERP	+0.0204%	1h	0.1498	+0.268%	$2K	$201	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8624%	1h	0.1493	−0.084%	$39K	$7K	10x	as long as short