Funding you earn now, next payment 00:00 UTC−0.0214%/8h= −23.4% APRnext payment −$1.07 per $10,000 · paid last 24h −0.074%
Price spread now: BloFin against Bybit+0.149%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$530as in the Funding arb table
Net, price: spread back to 7d avg − costs−$505as in the Price arb table
costs, in and out, $10k−$5225.218% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 3 days (all we have)−0.229%−$23 · spread now +0.149%, 7d avg −0.016%
=The price spread pays, funding is against you. BloFin is 0.165% dearer against Bybit than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of −0.016%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.084% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARXUSDT | 0.2019 | 0.0349 | pay 0.0175% / 4h | 2h 05m | $4.0M | $2.3M | 20x |
| Short | BloFin ARX-USDT | 0.2022 | 0.0136 | get 0.0068% / 4h | 2h 05m | $237K | $51K | 20x |
Bybit ARXUSDT
BloFin ARX-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
- −$44.91
- Price spread: +0.149% → −0.016%
- $16.45
- Slippage, 4 orders
- −$498.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$550.27
- Costs to cover
- 5.218%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 11 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, 3 min ago | 2.47 bp | 260.8 bp −$261 | 3586.6 bp −$35.9K | 92555.9 bp −$9.26M | doesn't fit |
| Sell BloFin live order book, 11 min ago | 4.93 bp | 27.2 bp −$27 | 158.9 bp −$1,589 | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARX_USDT | +0.0100% | 4h | 0.2025 | +0.297% | $1.0M | $428K | 20x | as long as short |
| BloFin ARX-USDTshort | +0.0136% | 4h | 0.2022 | +0.149% | $237K | $51K | 20x | |
| KuCoin ARXUSDTM | +0.0168% | 4h | 0.2021 | +0.074% | $729K | $651K | 20x | as long as short |
| Bitget ARXUSDT | +0.0188% | 4h | 0.2022 | +0.158% | $1.9M | $1.7M | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0198% | 4h | 0.2020 | +0.050% | $718K | $2.9M | 20x | as long as short |
| Bybit ARXUSDTlong | +0.0349% | 4h | 0.2019 | long leg | $4.0M | $2.3M | 20x | |
| BingX ARX-USDT | +0.0408% | 4h | 0.2021 | +0.099% | — | $1.7M | — | as long as short |
| MEXC ARX_USDT | +0.0414% | 4h | 0.2020 | +0.050% | $881K | $402K | 20x | as long as short |
| Binance ARXUSDT | +0.0417% | 4h | 0.2020 | +0.050% | $5.5M | $11.0M | 20x | as long as short |
| Aster ARXUSDT | +0.0714% | 4h | 0.2020 | +0.065% | $101K | $72K | 10x | as long as short |
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
OKX ARX-USDT-SWAP
BingX ARX-USDT
MEXC ARX_USDT
Binance ARXUSDT
Aster ARXUSDT