Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.003%
Price spread now: Bybit against BloFin+0.021%92s7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as 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−$1131.133% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.021%, 7d avg −0.059%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.080% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.059%. The two prices were read 92 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 IOTA-USDT | 0.04801 | 0.0081 | pay 0.0081% / 8h | 1h 47m | $169K | $36K | 75x |
| Short | Bybit IOTAUSDT | 0.04802 | 0.0100 | get 0.0100% / 8h | 1h 47m | $2.2M | $1.3M | 75x |
BloFin IOTA-USDT
Bybit IOTAUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.98
- Price spread: +0.021% → −0.059%
- $8.01
- Slippage, 4 orders
- −$90.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$101.29
- Costs to cover
- 1.133%
- Break-even
- 185.2 days
Slippage from BloFin: live order book, 26 min ago; Bybit: live order book, 4 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, 26 min ago | 6.24 bp | 15.2 bp −$15 | 45.4 bp −$454 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.21 bp | 39.9 bp −$40 | 150.3 bp −$1,503 | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | −0.0801% | 1h | 0.04799 | −0.041% | $18K | $16K | 10x | as long as short |
| BloFin IOTA-USDTlong | +0.0081% | 8h | 0.04801 | long leg | $169K | $36K | 75x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04805 | +0.090% | $828K | $239K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04803 | +0.042% | $3.4M | $5.7M | 75x | as long as short |
| Bybit IOTAUSDTshort | +0.0100% | 8h | 0.04802 | +0.021% | $2.2M | $1.3M | 75x | |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04800 | −0.021% | $563K | $1.3M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04804 | +0.062% | $884K | $174K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04802 | +0.021% | $599K | $183K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04808 | +0.146% | $1.8M | $645K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04801 | 0.000% | — | $2.3M | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04795 | −0.123% | $38K | $36K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0580% | 8h | 0.04806 | +0.104% | $2.7M | $223K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM