IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against Bybit+0.066%112s7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$215as 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−$2192.193% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.066%, 7d avg +0.103%

Together, before fees−0.095%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.103%). Swap the legs. The two prices were read 112 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 IOUSDT	0.1509	0.0100	pay 0.0050% / 4h	1h 07m	$1.1M	$875K	25x
Short	BloFin IO-USDT	0.1510	0.0059	get 0.0029% / 4h	1h 07m	$194K	$31K	50x

Funding 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 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$8.64
Price spread: +0.066% → +0.103%: −$3.69
Slippage, 4 orders: −$196.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$231.6
Costs to cover: 2.193%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago	6.63 bp	96.1 bp −$96	1726.9 bp −$17.3K	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	3.31 bp	29.5 bp −$29	68.8 bp −$688	493.4 bp −$49.3K	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
Kraken Futures PF_IOUSD	−0.0639%	1h	0.1514	+0.358%	$39K	$21K	10x	as long as short
BloFin IO-USDTshort	+0.0059%	4h	0.1510	+0.066%	$194K	$31K	50x
Hyperliquid IO	+0.0100%	1h	0.1512	+0.232%	$1.0M	$387K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1512	+0.177%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1512	+0.199%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDTlong	+0.0100%	4h	0.1509	long leg	$1.1M	$875K	25x
Gate IO_USDT	+0.0100%	4h	0.1511	+0.152%	$247K	$550K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1511	+0.133%	$1.1M	$232K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1511	+0.133%	$399K	$654K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1512	+0.199%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1510	+0.066%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1508	−0.080%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1510	+0.061%	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1514	+0.331%	$2K	$106	5.5x	as long as short