Funding you earn now, next payment 12:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Bybit+0.161%82s7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as 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−$900.900% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.601%+$60 · spread now +0.161%, 7d avg +0.075%
=The price spread pays, funding is against you. BloFin is 0.085% dearer against Bybit than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.075%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you. 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 | Bybit ALTUSDT | 0.007472 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $1.2M | $1.7M | 25x |
| Short | BloFin ALT-USDT | 0.007484 | 0.0044 | get 0.0022% / 4h | 3h 31m | $168K | $8K | 50x |
Bybit ALTUSDT
BloFin ALT-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
- −$11.76
- Price spread: +0.161% → +0.075%
- $8.53
- Slippage, 4 orders
- −$67.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.27
- Costs to cover
- 0.900%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 33 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 | 3.34 bp | 25.5 bp −$26 | 137.6 bp −$1,376 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 2.00 bp | 15.5 bp −$16 | 52.1 bp −$521 | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | +0.0017% | 1h | 0.007485 | +0.174% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +2.931% | $837 | $22 | 5.5x | as long as short |
| BloFin ALT-USDTshort | +0.0044% | 4h | 0.007484 | +0.161% | $168K | $8K | 50x | |
| Hyperliquid ALT | +0.0100% | 1h | 0.007479 | +0.094% | $1.1M | $132K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007481 | +0.116% | $2.6M | $3.5M | 50x | as long as short |
| Bybit ALTUSDTlong | +0.0100% | 4h | 0.007472 | long leg | $1.2M | $1.7M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007481 | +0.120% | $50K | $377K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007481 | +0.120% | $363K | $169K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007487 | +0.201% | $144K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007466 | −0.080% | $598K | $144K | 50x | as long as short |
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007476 | +0.054% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007483 | +0.151% | $4K | $14K | — | as long as short |
| Kraken Futures PF_ALTUSD | +0.0383% | 1h | 0.007483 | +0.144% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0576% | 1h | 0.007524 | +0.696% | $13K | $2K | 50x | as long as short |
BingX ALT-USDT
Variational Omni ALT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX