Funding you earn now, next payment 04:00 UTC+0.0956%/8h= +104.7% APRnext payment +$4.78 per $10,000 · paid last 24h +0.166%
Price spread now: BloFin against Bybit−0.412%82s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as 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−$1691.692% of the position
Funding, last 7 days+0.445%+$45 on $10k
+Price spread, last 4 days (all we have)+0.549%+$55 · spread now −0.412%, 7d avg +0.037%
=Funding pays, the price is against you. BloFin is 0.449% cheaper against Bybit than usual: you would sell low and buy high (spread −0.412% now, against its 7-day average of +0.037%). If the spread goes back, that is −$45 on $10k: about 38 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.445% in total) that is about 7.1 days. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.445% in total (about 23.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUSDT | 1.4567 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $4.5M | $1.8M | 20x |
| Short | BloFin M-USDT | 1.4507 | 0.1056 | get 0.0528% / 4h | 1h 05m | $360K | $442K | 10x |
Bybit MUSDT
BloFin M-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
- $200.74
- Price spread: −0.412% → +0.037%
- −$44.93
- Slippage, 4 orders
- −$146.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$13.37
- Costs to cover
- 1.692%
- Break-even
- 7.5 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 35 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, 2 min ago | 4.47 bp | 37.7 bp −$38 | 374.9 bp −$3,749 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 35 min ago | 1.05 bp | 59.1 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTlong | +0.0100% | 4h | 1.4567 | long leg | $4.5M | $1.8M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4528 | −0.268% | $2.0M | $921K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4553 | −0.096% | $1.9M | $250K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4514 | −0.364% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4508 | −0.405% | $2K | $750K | 20x | as long as short |
| Variational Omni M | +0.0117% | 4h | 1.4536 | −0.215% | $90K | $43K | — | as long as short |
| Aster MUSDT | +0.0789% | 4h | 1.4485 | −0.566% | $16K | $88K | 5x | as long as short |
| BingX M-USDT | +0.0962% | 4h | 1.4579 | +0.082% | — | $2.4M | — | as long as short |
| Binance MUSDT | +0.0995% | 4h | 1.4565 | −0.013% | $5.7M | $3.8M | 10x | as long as short |
| MEXC M_USDT | +0.1002% | 4h | 1.4537 | −0.206% | $244K | $107K | 50x | as long as short |
Gate M_USDT
Bitget MUSDT
Orderly PERP_M_USDC
SunX M-USDT
Variational Omni M
Aster MUSDT
BingX M-USDT
Binance MUSDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTshort | +0.1056% | 4h | 1.4507 | −0.412% | $360K | $442K | 10x | |
| KuCoin MUSDTM | +0.2466% | 4h | 1.4417 | −1.032% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM