Funding you earn now, next payment 00:00 UTC−0.0120%/8hnext payment −$1.20 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against BloFin−0.059%52s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$440.441% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.059%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.080% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 52 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 COIN-USDT | 202.16 | 0.0120 | pay 0.0120% / 8h | 4h 22m | $157K | $333K | 20x |
| Short | Bybit COINUSDT | 202.04 | 0 | get 0.0000% / 8h | 4h 22m | $5.0M | $5.8M | 50x |
BloFin COIN-USDT
Bybit COINUSDTFunding 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
- −$25.2
- Price spread: −0.059% → +0.020%
- −$7.96
- Slippage, 4 orders
- −$21.14
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$77.3
- Costs to cover
- 0.441%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Bybit: live order book, 10 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, 7 min ago | 0.25 bp | 9.9 bp −$10 | 14.0 bp −$140 | 27.0 bp −$2,696 | doesn't fit |
| Sell Bybit live order book, 10 min ago | 1.73 bp | 12.9 bp −$13 | 25.1 bp −$251 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 202.52 | +0.178% | $40K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.04 | −0.058% | $371K | $832K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.99 | −0.085% | $100K | $428K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.01 | −0.073% | $15.7M | $75.1M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 202.04 | −0.059% | $5.0M | $5.8M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.98 | −0.089% | $3.3M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.99 | −0.084% | $1.3M | $6.7M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.32 | +0.079% | $791K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.64 | +0.240% | $18K | $1.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.16 | 0.000% | $445K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter RH COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus COIN-USD | +0.0040% | 1h | 202.13 | −0.015% | $19K | $42K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.93 | −0.114% | — | $493K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.93 | −0.114% | $132K | $1.1M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.00 | −0.079% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 202.31 | +0.074% | $373K | $3.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0055% | 1h | 202.11 | −0.025% | $1.4M | $3.6M | 10x | as long as short |
| Lighter COIN | +0.0096% | 1h | 202.20 | +0.019% | $377K | $2.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.06 | −0.049% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.59 | +0.213% | $91K | $630K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.03 | −0.064% | $584 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.03 | −0.067% | $119 | — | 10x | as long as short |
| Bitget COINUSDT | +0.0111% | 8h | 202.07 | −0.045% | $6.8M | $9.5M | 20x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 202.16 | long leg | $157K | $333K | 20x | |
| tradeXYZ xyz:COIN | +0.0181% | 1h | 201.98 | −0.089% | $16.5M | $13.5M | 10x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 202.66 | +0.247% | $2K | $255K | 10x | as long as short |
| edgeX COINUSDC | +0.0424% | 4h | 202.56 | +0.197% | $52K | $291K | 10x | as long as short |
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Bitget COINUSDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC