Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$1.16 per $10,000 · paid last 24h +0.065%
Price spread now: BloFin against Bybit−0.055%62s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs+$22as 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−$250.249% of the position
Funding, last 7 days+0.465%+$46 on $10k
+Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.055%, 7d avg +0.002%
=Funding pays, the price is against you. BloFin is 0.057% cheaper against Bybit than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.002%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). The two prices were read 62 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 XAUTUSDT | 4,371.3 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $121.1M | $27.7M | 75x |
| Short | BloFin XAUT-USDT | 4,368.9 | 0.0332 | get 0.0166% / 4h | 3h 50m | $2.3M | $1.7M | 75x |
Bybit XAUTUSDT
BloFin XAUT-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
- $48.77
- Price spread: −0.055% → +0.002%
- −$5.68
- Slippage, 4 orders
- −$1.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $18.14
- Costs to cover
- 0.249%
- Break-even
- 4.4 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago | 0.11 bp | 5.6 bp −$6 | 6.4 bp −$64 | 12.5 bp −$1,248 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.11 bp | 6.6 bp −$7 | 7.8 bp −$78 | 13.0 bp −$1,300 | doesn't fit |
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0158% | 1h | 4,369.5 | −0.042% | $56K | $31K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0064% | 4h | 4,370.9 | −0.009% | $26.1M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,372.5 | +0.027% | $131.8M | $8.0M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.492% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,372.5 | +0.027% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0081% | 4h | 4,368.1 | −0.074% | $33.3M | $3.4M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,369.8 | −0.034% | $4.2M | $1.0M | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,371.6 | +0.006% | $35.6M | $46.8M | 75x | as long as short |
| Bybit XAUTUSDTlong | +0.0100% | 4h | 4,371.3 | long leg | $121.1M | $27.7M | 75x | |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,371.4 | +0.002% | $338.5M | $277.1M | 1000x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDT
MEXC XAUT_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,372.5 | +0.028% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,371.5 | +0.005% | — | $18.0M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,369.9 | −0.032% | $887 | $115K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,370.2 | −0.025% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,372 | +0.016% | $1.9M | $240K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,375.7 | +0.101% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,368 | −0.075% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,369.5 | −0.041% | $274K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0118% | 1h | 4,373.3 | +0.045% | $5.3M | $4.0M | 50x | as long as short |
| BloFin XAUT-USDTshort | +0.0332% | 4h | 4,368.9 | −0.055% | $2.3M | $1.7M | 75x |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD