RED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h +0.007%

Price spread now: Bybit against BloFin+0.052%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2392.394% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.052%, 7d avg +0.020%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.032% dearer against BloFin than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.009% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RED-USDT	0.1548	0.0115	pay 0.0057% / 4h	3h 27m	$222K	$5K	25x
Short	Bybit REDUSDT	0.1549	0.0100	get 0.0050% / 4h	3h 27m	$2.0M	$1.9M	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 +0.052%Rate

Funding earned: −$3.14
Price spread: +0.052% → +0.020%: $3.18
Slippage, 4 orders: −$216.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$239.34
Costs to cover: 2.394%
Break-even: never at this rate

Slippage from BloFin: live order book, 64 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, 64 min ago	3.23 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.90 bp	71.8 bp −$72	doesn't fit	doesn't fit	doesn't fit

RED 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
Aster REDUSDT	+0.0100%	4h	0.1550	+0.132%	$28K	$36K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1548	−0.019%	$2.3M	$4.1M	50x	as long as short
Bybit REDUSDTshort	+0.0100%	4h	0.1549	+0.052%	$2.0M	$1.9M	25x
Gate RED_USDT	+0.0100%	4h	0.1552	+0.239%	$355K	$95K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1550	+0.110%	$745K	$294K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1550	+0.134%	$26K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1585	+2.370%	$2K	$797K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1548	−0.049%	$31	—	5x	as long as short
BloFin RED-USDTlong	+0.0115%	4h	0.1548	long leg	$222K	$5K	25x
MEXC RED_USDT	+0.0486%	4h	0.1547	−0.084%	$519K	$168K	20x	as long as short