Funding you earn now, next payment 12:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.069%
Price spread now: BloFin against Bybit+0.072%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days+0.537%+$54 on $10k
+Price spread, last 4 days (all we have)−0.235%−$23 · spread now +0.072%, 7d avg −0.049%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.120% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.6979 | 0.0086 | pay 0.0043% / 4h | 1h 57m | $17.2M | $11.8M | 25x |
| Short | BloFin ETHFI-USDT | 0.6984 | 0.0161 | get 0.0081% / 4h | 1h 57m | $1.2M | $234K | 75x |
Bybit ETHFIUSDT
BloFin ETHFI-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
- $15.69
- Price spread: +0.072% → −0.049%
- $12.02
- Slippage, 4 orders
- −$38.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.68
- Costs to cover
- 0.614%
- Break-even
- 22.0 days
Slippage from Bybit: live order book, 4 min ago; BloFin: 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 Bybit live order book, 4 min ago | 1.43 bp | 18.9 bp −$19 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.14 bp | 14.7 bp −$15 | 30.9 bp −$309 | 84.8 bp −$8,485 | doesn't fit |
ETHFI on 24 exchanges
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 | −0.0609% | 1h | 0.6982 | +0.043% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0309% | 4h | 0.6980 | +0.014% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0148% | 4h | 0.6993 | +0.206% | $932K | $713K | — | as long as short |
| HTX ETHFI-USDT | −0.0038% | 4h | 0.6983 | +0.057% | $84K | $133K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0026% | 8h | 0.6983 | +0.064% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.740% | $321 | $51K | 5.5x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.6979 | +0.003% | $111K | $499K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0040% | 4h | 0.6981 | +0.029% | $15.7M | $4.0M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0040% | 4h | 0.6977 | −0.032% | $24.5M | $32.1M | 75x | as long as short |
| Bybit ETHFIUSDTlong | +0.0086% | 4h | 0.6979 | long leg | $17.2M | $11.8M | 25x |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6980 | +0.014% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6993 | +0.193% | $1.1M | $726K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6991 | +0.173% | $16.8M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6990 | +0.151% | $179K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6983 | +0.057% | $5.1M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6991 | +0.172% | $1.7M | $1.7M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6994 | +0.215% | $1.2M | $180K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6986 | +0.100% | $6.3M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6985 | +0.086% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6991 | +0.172% | $53K | $148K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6992 | +0.186% | $2K | $1.0M | 20x | as long as short |
| BloFin ETHFI-USDTshort | +0.0161% | 4h | 0.6984 | +0.072% | $1.2M | $234K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.7040 | +0.874% | $32K | $5K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0573% | 1h | 0.6995 | +0.228% | $301K | $296K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD