Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Bybit+0.088%92s7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as 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−$1651.655% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.088%, 7d avg +0.128%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.040% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.128%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, 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 | Bybit BASEDUSDT | 0.06824 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $2.1M | $707K | 25x |
| Short | BloFin BASED-USDT | 0.06830 | 0.0051 | get 0.0026% / 4h | 3h 57m | $259K | $47K | 25x |
Bybit BASEDUSDT
BloFin BASED-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
- −$10.2
- Price spread: +0.088% → +0.128%
- −$4.03
- Slippage, 4 orders
- −$142.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$179.69
- Costs to cover
- 1.655%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 34 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 | 5.86 bp | 68.5 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 0.73 bp | 21.9 bp −$22 | 88.7 bp −$887 | doesn't fit | doesn't fit |
BASED on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BASED-USDTshort | +0.0051% | 4h | 0.06830 | +0.088% | $259K | $47K | 25x | |
| Aster BASEDUSDT | +0.0100% | 4h | 0.06832 | +0.121% | $29K | $6K | 5x | as long as short |
| Binance BASEDUSDT | +0.0100% | 4h | 0.06835 | +0.161% | $4.2M | $3.1M | 25x | as long as short |
| Bybit BASEDUSDTlong | +0.0100% | 4h | 0.06824 | long leg | $2.1M | $707K | 25x | |
| OKX BASED-USDT-SWAP | +0.0100% | 4h | 0.06831 | +0.103% | $2.7M | $3.8M | 20x | as long as short |
| Gate BASED_USDT | +0.0100% | 4h | 0.06825 | +0.015% | $535K | $577K | 50x | as long as short |
| MEXC BASED_USDT | +0.0100% | 4h | 0.06837 | +0.191% | $4.9M | $537K | 50x | as long as short |
| KuCoin BASEDUSDTM | +0.0100% | 4h | 0.06825 | +0.015% | $578K | $72K | 20x | as long as short |
| Bitget BASEDUSDT | +0.0100% | 4h | 0.06830 | +0.088% | $1.3M | $369K | 25x | as long as short |
| BingX BASED-USDT | +0.0100% | 4h | 0.06827 | +0.044% | — | $1.7M | — | as long as short |
Aster BASEDUSDT
Binance BASEDUSDT
OKX BASED-USDT-SWAP
Gate BASED_USDT
MEXC BASED_USDT
KuCoin BASEDUSDTM
Bitget BASEDUSDT
BingX BASED-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BASED | +0.0100% | 4h | 0.06819 | −0.076% | $94K | $13K | — | as long as short |
| GRVT BASED_USDT_Perp | +0.0100% | 4h | 0.06771 | −0.779% | $95K | $382K | 10x | as long as short |
| SunX BASED-USDT | +0.0100% | 4h | 0.06829 | +0.073% | $2K | $902K | 20x | as long as short |
| Extended BASED-USD | +0.0104% | 1h | 0.06833 | +0.135% | $2K | $201K | 5x | as long as short |
| Orderly PERP_BASED_USDC | +0.0291% | 4h | 0.06833 | +0.132% | $3K | $664 | 10x | as long as short |
Variational Omni BASED
GRVT BASED_USDT_Perp
SunX BASED-USDT
Extended BASED-USD
Orderly PERP_BASED_USDC