Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Bybit−0.129%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2602.603% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.410%−$41 · spread now −0.129%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.106% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit REDUSDT | 0.1555 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $2.1M | $1.7M | 25x |
| Short | BloFin RED-USDT | 0.1553 | 0.0052 | get 0.0026% / 4h | 3h 28m | $229K | $5K | 25x |
Bybit REDUSDT
BloFin RED-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
- −$10.07
- Price spread: −0.129% → −0.023%
- −$10.58
- Slippage, 4 orders
- −$237.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$280.98
- Costs to cover
- 2.603%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 37 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 | 2.58 bp | 147.9 bp −$148 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 2.63 bp | 24.4 bp −$24 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin RED-USDTshort | +0.0052% | 4h | 0.1553 | −0.129% | $229K | $5K | 25x | |
| Aster REDUSDT | +0.0100% | 4h | 0.1554 | −0.056% | $28K | $37K | 5x | as long as short |
| Binance REDUSDT | +0.0100% | 4h | 0.1553 | −0.133% | $2.4M | $3.9M | 50x | as long as short |
| Bybit REDUSDTlong | +0.0100% | 4h | 0.1555 | long leg | $2.1M | $1.7M | 25x | |
| Gate RED_USDT | +0.0100% | 4h | 0.1553 | −0.135% | $358K | $148K | 25x | as long as short |
| Bitget REDUSDT | +0.0100% | 4h | 0.1554 | −0.071% | $740K | $301K | 20x | as long as short |
| Variational Omni RED | +0.0100% | 4h | 0.1547 | −0.552% | $26K | $3K | — | as long as short |
| SunX RED-USDT | +0.0100% | 4h | 0.1586 | +1.987% | $1K | $693K | 20x | as long as short |
| Extended RED-USD | +0.0104% | 1h | 0.1553 | −0.118% | $31 | — | 5x | as long as short |
| MEXC RED_USDT | +0.0386% | 4h | 0.1554 | −0.071% | $552K | $175K | 20x | as long as short |
Aster REDUSDT
Binance REDUSDT
Gate RED_USDT
Bitget REDUSDT
Variational Omni RED
SunX RED-USDT
Extended RED-USD
MEXC RED_USDT