NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.017%

Price spread now: Bybit against BloFin−0.020%52s7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as 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−$960.962% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.261%−$26 · spread now −0.020%, 7d avg −0.132%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.112% dearer against BloFin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.132%. The two prices were read 52 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 NOT-USDT	0.0005037	0.0106	pay 0.0053% / 4h	1h 14m	$110K	$17K	50x
Short	Bybit NOTUSDT	0.0005036	0.0100	get 0.0050% / 4h	1h 14m	$2.1M	$815K	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 −0.020%Rate

Funding earned: −$1.3
Price spread: −0.020% → −0.132%: $11.25
Slippage, 4 orders: −$73.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$86.24
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from BloFin: live order book, 58 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, 58 min ago	1.99 bp	19.0 bp −$19	62.4 bp −$624	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.98 bp	30.8 bp −$31	153.2 bp −$1,532	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0151%	4h	0.0005030	−0.142%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.236%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005054	+0.338%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.060%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005038	+0.020%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005042	+0.099%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005036	−0.020%	$2.1M	$815K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005039	+0.040%	$613K	$585K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005038	+0.020%	$140K	$79K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005042	+0.099%	$1.3M	$466K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005030	−0.139%	$466K	$133K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005043	+0.119%	$662K	$387K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005038	+0.020%	—	$724K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005044	+0.134%	$4K	$1K	5x	as long as short
BloFin NOT-USDTlong	+0.0106%	4h	0.0005037	long leg	$110K	$17K	50x
Kraken Futures PF_NOTUSD	+0.6208%	1h	0.0005035	−0.045%	$49K	$10K	10x	as long as short