Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against Bybit+0.016%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1091.087% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.016%, 7d avg +0.037%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARKMUSDT | 0.1250 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $2.4M | $2.1M | 50x |
| Short | BloFin ARKM-USDT | 0.1250 | 0.0074 | get 0.0074% / 8h | 2h 00m | $143K | $72K | 50x |
Bybit ARKMUSDT
BloFin ARKM-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
- −$5.47
- Price spread: +0.016% → +0.037%
- −$2.11
- Slippage, 4 orders
- −$85.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$116.32
- Costs to cover
- 1.087%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 13 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, 1 min ago | 5.20 bp | 40.1 bp −$40 | 56.2 bp −$562 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 11.99 bp | 18.0 bp −$18 | 36.7 bp −$367 | doesn't fit | doesn't fit |
ARKM on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARKMUSD | −0.1912% | 1h | 0.1249 | −0.045% | $21K | $1K | 10x | as long as short |
| dYdX ARKM-USD | 0.0000% | 1h | 0.1251 | +0.075% | $7K | — | 5x | as long as short |
| BloFin ARKM-USDTshort | +0.0074% | 8h | 0.1250 | +0.016% | $143K | $72K | 50x | |
| Aster ARKMUSDT | +0.0100% | 8h | 0.1251 | +0.061% | $12K | $10K | 5x | as long as short |
| Binance ARKMUSDT | +0.0100% | 8h | 0.1250 | −0.022% | $2.7M | $9.5M | 50x | as long as short |
| Bybit ARKMUSDTlong | +0.0100% | 8h | 0.1250 | long leg | $2.4M | $2.1M | 50x | |
| OKX ARKM-USDT-SWAP | +0.0100% | 8h | 0.1249 | −0.064% | $785K | $2.3M | 20x | as long as short |
| Gate ARKM_USDT | +0.0100% | 8h | 0.1250 | +0.016% | $249K | $230K | 50x | as long as short |
| MEXC ARKM_USDT | +0.0100% | 8h | 0.1250 | +0.016% | $3.2M | $1.1M | 200x | as long as short |
| KuCoin ARKMUSDTM | +0.0100% | 8h | 0.1247 | −0.200% | $527K | $78K | 30x | as long as short |
Kraken Futures PF_ARKMUSD
dYdX ARKM-USD
Aster ARKMUSDT
Binance ARKMUSDT
OKX ARKM-USDT-SWAP
Gate ARKM_USDT
MEXC ARKM_USDT
KuCoin ARKMUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARKMUSDT | +0.0100% | 8h | 0.1249 | −0.064% | $1.4M | $1.1M | 50x | as long as short |
| BingX ARKM-USDT | +0.0100% | 8h | 0.1251 | +0.096% | — | $2.4M | — | as long as short |
| Variational Omni ARKM | +0.0100% | 8h | 0.1247 | −0.225% | $9K | $18K | — | as long as short |
Bitget ARKMUSDT
BingX ARKM-USDT
Variational Omni ARKM