NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0113%/8h= +12.3% APRnext payment +$0.56 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against Bybit+0.178%82s7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as 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−$990.994% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.435%+$43 · spread now +0.178%, 7d avg +0.129%

Together, before fees+0.417%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.129%. The two prices were read 82 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 NOTUSDT	0.0005050	0.0041	pay 0.0021% / 4h	1h 03m	$2.1M	$851K	25x
Short	BloFin NOT-USDT	0.0005059	0.0154	get 0.0077% / 4h	1h 03m	$111K	$16K	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 +0.178%Rate

Funding earned: $23.68
Price spread: +0.178% → +0.129%: $4.9
Slippage, 4 orders: −$76.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$70.81
Costs to cover: 0.994%
Break-even: 27.9 days

Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 32 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	1.98 bp	26.4 bp −$26	145.4 bp −$1,454	doesn't fit	doesn't fit
Sell BloFin live order book, 32 min ago	6.89 bp	22.1 bp −$22	73.6 bp −$736	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	−0.0463%	4h	0.0005052	+0.040%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0272%	4h	0.0005049	−0.020%	$465K	$128K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.485%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDTlong	+0.0041%	4h	0.0005050	long leg	$2.1M	$851K	25x
Lighter 1000NOT	+0.0096%	1h	0.0005057	+0.133%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005060	+0.198%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005060	+0.200%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005043	−0.139%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005054	+0.079%	$633K	$646K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005060	+0.198%	$143K	$68K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005058	+0.158%	$1.3M	$442K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005061	+0.218%	$671K	$409K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005056	+0.119%	—	$725K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005057	+0.134%	$4K	$491	5x	as long as short
BloFin NOT-USDTshort	+0.0154%	4h	0.0005059	+0.178%	$111K	$16K	50x
Kraken Futures PF_NOTUSD	+0.1951%	1h	0.0005070	+0.394%	$49K	$9K	10x	as long as short