PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0264%/8h= −28.9% APRnext payment −$1.32 per $10,000 · paid last 24h −0.085%

Price spread now: Bybit against BloFin+0.072%102s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$295as 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−$3113.115% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.072%, 7d avg +0.018%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.053% dearer against BloFin than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.018%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.161%, so the current rate has only just turned against you. The two prices were read 102 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 0.161% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 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	BloFin PTB-USDT	0.0009772	0.0364	pay 0.0182% / 4h	3h 27m	$399K	$288K	20x
Short	Bybit PTBUSDT	0.0009779	0.0100	get 0.0050% / 4h	3h 27m	$1.4M	$13.8M	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 +0.072%Rate

Funding earned: −$55.46
Price spread: +0.072% → +0.018%: $5.32
Slippage, 4 orders: −$288.47
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$361.61
Costs to cover: 3.115%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; Bybit: live order book, 6 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, 48 min ago	0.52 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	5.16 bp	109.9 bp −$110	486.1 bp −$4,861	doesn't fit	doesn't fit

PTB on 10 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 PTBUSDTshort	+0.0100%	4h	0.0009779	+0.072%	$1.4M	$13.8M	25x
Variational Omni PTB	+0.0100%	4h	0.0009740	−0.323%	$25K	$63K	—	as long as short
Gate PTB_USDT	+0.0164%	4h	0.0009760	−0.123%	$1.7M	$3.5M	25x	as long as short
Binance PTBUSDT	+0.0301%	4h	0.0009778	+0.061%	$6.8M	$82.4M	20x	as long as short
MEXC PTB_USDT	+0.0308%	4h	0.0009796	+0.246%	$306K	$506K	20x	as long as short
Extended kPTB-USD	+0.0312%	1h	0.0009769	−0.028%	$3K	$16K	5x	as long as short
BingX PTB-USDT	+0.0332%	4h	0.0009769	−0.031%	—	$1.9M	—	as long as short
BloFin PTB-USDTlong	+0.0364%	4h	0.0009772	long leg	$399K	$288K	20x
Aster PTBUSDT	+0.0515%	4h	0.0009767	−0.046%	$68K	$648K	5x	as long as short
KuCoin PTBUSDTM	+0.0646%	4h	0.0009769	−0.031%	$1.5M	$5.7M	20x	as long as short