Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.039%
Price spread now: BloFin against Bybit+0.161%72s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as 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−$360.358% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 3 days (all we have)−0.259%−$26 · spread now +0.161%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.177% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 72 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 COINUSDT | 199.12 | 0 | get 0.0000% / 8h | 6h 56m | $5.0M | $5.9M | 50x |
| Short | BloFin COIN-USDT | 199.44 | 0.0120 | get 0.0120% / 8h | 6h 56m | $197K | $375K | 20x |
Bybit COINUSDT
BloFin COIN-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
- $25.2
- Price spread: +0.161% → −0.016%
- $17.66
- Slippage, 4 orders
- −$12.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.03
- Costs to cover
- 0.358%
- Break-even
- 5.0 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 9 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, 2 min ago | 2.00 bp | 8.8 bp −$9 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 0.50 bp | 7.8 bp −$8 | 13.8 bp −$138 | 35.0 bp −$3,496 | 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 | 199.60 | +0.241% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 199.52 | +0.203% | $366K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 199.13 | +0.003% | $119K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 199.10 | −0.010% | $15.4M | $75.6M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 199.12 | long leg | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.10 | −0.010% | $3.2M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.28 | +0.080% | $1.3M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.18 | +0.030% | $6.8M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 199.07 | −0.023% | $827K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 200.08 | +0.481% | $16K | $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
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0028% | 1h | 199.19 | +0.035% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.10 | −0.010% | $426K | $1.4M | 10x | as long as short |
| Lighter COIN | +0.0040% | 1h | 199.06 | −0.031% | $396K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 199.92 | +0.402% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.94 | −0.090% | — | $286K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 199.10 | −0.010% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.10 | −0.010% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.87 | +0.377% | $353K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.39 | +0.136% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 199.88 | +0.382% | $90K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.29 | +0.085% | $576 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.05 | −0.033% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 199.44 | +0.161% | $197K | $375K | 20x | |
| tradeXYZ xyz:COIN | +0.0162% | 1h | 199.01 | −0.055% | $16.4M | $13.1M | 10x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 200.30 | +0.593% | $5K | $250K | 10x | as long as short |
| edgeX COINUSDC | +0.0986% | 4h | 200.01 | +0.446% | $52K | $296K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Lighter COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC