Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.076%
Price spread now: BloFin against Bybit−0.100%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$650.646% of the position
Funding, last 7 days+0.528%+$53 on $10k
+Price spread, last 3 days (all we have)−0.085%−$9 · spread now −0.100%, 7d avg +0.045%
=Funding pays, the price is against you. BloFin is 0.144% cheaper against Bybit than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.045%). If the spread goes back, that is −$14 on $10k: about 38 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USELESSUSDT | 0.2812 | 0.0982 | pay 0.0491% / 4h | 20m 53s | $27.7M | $45.8M | 13x |
| Short | BloFin USELESS-USDT | 0.2809 | 0.1281 | get 0.0641% / 4h | 20m 53s | $1.2M | $2.0M | 12x |
Bybit USELESSUSDT
BloFin USELESS-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
- $62.91
- Price spread: −0.100% → +0.045%
- −$14.41
- Slippage, 4 orders
- −$41.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.09
- Costs to cover
- 0.646%
- Break-even
- 8.8 days
Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago | 0.36 bp | 17.4 bp −$17 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 3.92 bp | 13.5 bp −$14 | 42.9 bp −$429 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2807 | −0.164% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2801 | −0.395% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2808 | −0.132% | $9.9M | $66.4M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2802 | −0.349% | $39K | $702K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2803 | −0.302% | $37K | $159K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2808 | −0.146% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2800 | −0.413% | $18K | $497K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2799 | −0.437% | $568K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2800 | −0.413% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0222% | 4h | 0.2809 | −0.110% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0308% | 4h | 0.2811 | −0.028% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0342% | 4h | 0.2805 | −0.245% | $7.0M | $8.3M | 50x | as long as short |
| Extended USELESS-USD | +0.0488% | 1h | 0.2810 | −0.073% | $295K | $966K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0488% | 4h | 0.2811 | −0.046% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0489% | 4h | 0.2813 | +0.035% | $23.7M | $116.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0498% | 4h | 0.2806 | −0.221% | $21K | $192K | 10x | as long as short |
| BingX USELESS-USDT | +0.0918% | 4h | 0.2812 | +0.014% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDTlong | +0.0982% | 4h | 0.2812 | long leg | $27.7M | $45.8M | 13x | |
| Aster USELESSUSDT | +0.1057% | 4h | 0.2805 | −0.235% | $645K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1107% | 4h | 0.2807 | −0.179% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDTshort | +0.1281% | 4h | 0.2809 | −0.100% | $1.2M | $2.0M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1326% | 4h | 0.2808 | −0.121% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1592% | 1h | 0.2814 | +0.064% | $14.0M | $21.1M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2964 | +5.395% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
BingX USELESS-USDT
Aster USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP