Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.070%
Price spread now: BloFin against Bybit−0.058%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$810.810% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.058%, 7d avg −0.015%
=Funding pays, the price is against you. BloFin is 0.043% cheaper against Bybit than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.015%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.162% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 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 BANKUSDT | 0.03474 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $3.0M | $6.5M | 20x |
| Short | BloFin BANK-USDT | 0.03472 | 0.0340 | get 0.0170% / 4h | 3h 18m | $445K | $91K | 50x |
Bybit BANKUSDT
BloFin BANK-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
- $50.4
- Price spread: −0.058% → −0.015%
- −$4.29
- Slippage, 4 orders
- −$58.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$34.9
- Costs to cover
- 0.810%
- Break-even
- 11.8 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 57 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 | 1.44 bp | 32.8 bp −$33 | 292.3 bp −$2,923 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 57 min ago | 1.44 bp | 15.2 bp −$15 | 33.6 bp −$336 | doesn't fit | doesn't fit |
BANK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BANKUSDT | +0.0100% | 4h | 0.03470 | −0.105% | $55K | $99K | 5x | as long as short |
| Binance BANKUSDT | +0.0100% | 4h | 0.03472 | −0.058% | $7.5M | $31.1M | 50x | as long as short |
| Bybit BANKUSDTlong | +0.0100% | 4h | 0.03474 | long leg | $3.0M | $6.5M | 20x | |
| Gate BANK_USDT | +0.0100% | 4h | 0.03474 | 0.000% | $723K | $1.3M | 10x | as long as short |
| MEXC BANK_USDT | +0.0100% | 4h | 0.03472 | −0.058% | $2.5M | $486K | 20x | as long as short |
| KuCoin BANKUSDTM | +0.0100% | 4h | 0.03471 | −0.086% | $1.2M | $187K | 50x | as long as short |
| Bitget BANKUSDT | +0.0100% | 4h | 0.03473 | −0.029% | $2.8M | $3.6M | 25x | as long as short |
| BingX BANK-USDT | +0.0100% | 4h | 0.03475 | +0.029% | — | $6.9M | — | as long as short |
| HTX BANK-USDT | +0.0100% | 4h | 0.03472 | −0.058% | $40K | $227K | 20x | as long as short |
| edgeX BANKUSDC | +0.0109% | 4h | 0.03474 | +0.010% | $1K | $247K | 5x | as long as short |
Aster BANKUSDT
Binance BANKUSDT
Gate BANK_USDT
MEXC BANK_USDT
KuCoin BANKUSDTM
Bitget BANKUSDT
BingX BANK-USDT
HTX BANK-USDT
edgeX BANKUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BANK-USDTshort | +0.0340% | 4h | 0.03472 | −0.058% | $445K | $91K | 50x |