Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.063%
Price spread now: Bybit against BloFin+0.285%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days−0.531%−$53 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.285%, 7d avg +0.043%
=The price spread pays, funding is against you. Bybit is 0.242% dearer against BloFin than usual: you sell high and buy low (spread +0.285% now, against its 7-day average of +0.043%): +$24 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETHFI-USDT | 0.7018 | 0.0340 | pay 0.0170% / 4h | 40m 38s | $1.2M | $243K | 75x |
| Short | Bybit ETHFIUSDT | 0.7038 | 0.0100 | get 0.0050% / 4h | 40m 38s | $17.6M | $12.6M | 25x |
BloFin ETHFI-USDT
Bybit ETHFIUSDTFunding 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
- −$50.4
- Price spread: +0.285% → +0.043%
- $24.23
- Slippage, 4 orders
- −$38.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$87.81
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 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, 2 min ago | 1.43 bp | 13.4 bp −$13 | 25.3 bp −$253 | 84.6 bp −$8,459 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.42 bp | 17.1 bp −$17 | 37.4 bp −$374 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0461% | 1h | 0.7028 | +0.142% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0216% | 4h | 0.7027 | +0.128% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0189% | 4h | 0.7004 | −0.199% | $86K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.163% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7035 | +0.237% | $263K | $213K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0055% | 8h | 0.7034 | +0.233% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7044 | +0.370% | $1.1M | $878K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7041 | +0.326% | $17.4M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7040 | +0.319% | $180K | $261K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7035 | +0.248% | $24.5M | $35.4M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7038 | +0.285% | $17.6M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7041 | +0.328% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7038 | +0.285% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7037 | +0.271% | $15.6M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7039 | +0.299% | $1.2M | $246K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7034 | +0.228% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7037 | +0.271% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7024 | +0.081% | $1.0M | $656K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7035 | +0.242% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7025 | +0.100% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7033 | +0.217% | $95K | $378K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7025 | +0.100% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDTlong | +0.0340% | 4h | 0.7018 | long leg | $1.2M | $243K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7046 | +0.399% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX