Funding you earn now, next payment 00:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.81 per $10,000 · paid last 24h −0.025%
Price spread now: Bybit against BloFin−0.006%82s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as 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−$250.251% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.006%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 82 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 | BloFin AAPL-USDT | 339.14 | 0.0081 | pay 0.0081% / 8h | 41m 54s | $348K | $167K | 20x |
| Short | Bybit AAPLUSDT | 339.12 | 0 | get 0.0000% / 8h | 41m 54s | $6.0M | $39.6M | 100x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.05
- Price spread: −0.006% → −0.017%
- $1.12
- Slippage, 4 orders
- −$2.09
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$41.02
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; Bybit: 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 BloFin live order book, 33 min ago | 0.15 bp | 6.5 bp −$6 | 7.6 bp −$76 | 21.6 bp −$2,163 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.15 bp | 6.2 bp −$6 | 8.9 bp −$89 | 35.0 bp −$3,504 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0509% | 4h | 339.09 | −0.014% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.00 | −0.041% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 339.12 | −0.006% | $6.0M | $39.6M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.07 | −0.021% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.87 | −0.080% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.15 | +0.003% | $380 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.82 | −0.094% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.24 | +0.029% | $52K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.16 | +0.006% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0007% | 8h | 339.12 | −0.006% | $14K | $498K | 10x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AAPL | +0.0032% | 1h | 339.03 | −0.032% | $964K | $3.8M | 20x | as long as short |
| Bitget AAPLUSDT | +0.0036% | 8h | 339.11 | −0.009% | $6.2M | $3.4M | 100x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.76 | −0.112% | — | $53K | 25x | as long as short |
| Variational Omni AAPL | +0.0048% | 8h | 339.13 | −0.001% | $2.4M | $1.4M | — | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.96 | −0.053% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.96 | −0.053% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.86 | −0.083% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.09 | −0.015% | $3.2M | $5.1M | 10x | as long as short |
| Binance AAPLUSDT | +0.0079% | 8h | 339.09 | −0.015% | $22.4M | $67.4M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0080% | 1h | 339.03 | −0.033% | $285K | $1.5M | 10x | as long as short |
| BloFin AAPL-USDTlong | +0.0081% | 8h | 339.14 | long leg | $348K | $167K | 20x | |
| Lighter AAPL | +0.0088% | 1h | 338.98 | −0.047% | $773K | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | −0.088% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.76 | −0.112% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.044% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.09 | −0.016% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0128% | 1h | 338.83 | −0.090% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 339.03 | −0.032% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | −0.032% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0215% | 1h | 338.96 | −0.053% | $40.9M | $76.5M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.57 | +0.127% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.09 | −0.015% | $2K | $8K | 20x | as long as short |
| Arcus AAPL-USD | +0.0397% | 1h | 339.03 | −0.032% | $270K | $71K | 20x | as long as short |
BloFin AAPL-USDT
Bybit AAPLUSDT
edgeX AAPLUSDC
Aster AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Lighter RH AAPL
Bitget AAPLUSDT
Variational Omni AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Binance AAPLUSDT
Extended AAPL_24_5-USD
Lighter AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Phoenix AAPL