Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against BloFin−0.250%92s7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as 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−$1681.677% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 3 days (all we have)+0.185%+$18 · spread now −0.250%, 7d avg +0.055%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.305% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.376%, so the current rate has only just turned against you. The two prices were read 92 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 AXL-USDT | 0.05201 | 0.0123 | pay 0.0061% / 4h | 2h 03m | $123K | $12K | 50x |
| Short | Bybit AXLUSDT | 0.05188 | 0.0093 | get 0.0046% / 4h | 2h 03m | $1.4M | $1.9M | 25x |
BloFin AXL-USDT
Bybit AXLUSDTFunding 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
- −$6.28
- Price spread: −0.250% → +0.055%
- −$30.47
- Slippage, 4 orders
- −$144.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$204.43
- Costs to cover
- 1.677%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; Bybit: live order book, 3 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, 9 min ago | 1.92 bp | 32.8 bp −$33 | 88.8 bp −$888 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.74 bp | 46.5 bp −$46 | 200.1 bp −$2,001 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDT | +0.0040% | 4h | 0.05188 | −0.250% | — | $2.3M | — | as long as short |
| Bybit AXLUSDTshort | +0.0093% | 4h | 0.05188 | −0.250% | $1.4M | $1.9M | 25x | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05191 | −0.202% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05182 | −0.357% | $1.8M | $4.1M | 50x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05182 | −0.365% | $332K | $164K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05190 | −0.211% | $435K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05183 | −0.346% | $568K | $298K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05191 | −0.197% | $6K | $24K | — | as long as short |
| BloFin AXL-USDTlong | +0.0123% | 4h | 0.05201 | long leg | $123K | $12K | 50x |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL