Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.031%
Price spread now: BloFin against Bybit−0.202%72s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as 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−$450.446% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.202%, 7d avg +0.037%
=Funding pays, the price is against you. BloFin is 0.239% cheaper against Bybit than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of +0.037%). If the spread goes back, that is −$24 on $10k: about 52 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.276% in total) that is about 6.1 days. The two prices were read 72 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 FILUSDT | 0.9888 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $15.4M | $18.2M | 25x |
| Short | BloFin FIL-USDT | 0.9868 | 0.0115 | get 0.0115% / 8h | 7h 26m | $2.6M | $583K | 75x |
Bybit FILUSDT
BloFin FIL-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
- $3.21
- Price spread: −0.202% → +0.037%
- −$23.91
- Slippage, 4 orders
- −$21.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.34
- Costs to cover
- 0.446%
- Break-even
- 149.5 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 2 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, 2 min ago | 0.51 bp | 11.1 bp −$11 | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 4.05 bp | 10.3 bp −$10 | 17.5 bp −$175 | 38.9 bp −$3,887 | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0356% | 1h | 0.9889 | +0.010% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0331% | 1h | 0.9892 | +0.042% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9880 | −0.081% | $316K | $1.8M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0043% | 8h | 0.9889 | +0.010% | $18.0M | $97.7M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0040% | 8h | 0.9885 | −0.030% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9886 | −0.020% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9869 | −0.188% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0029% | 8h | 0.9887 | −0.010% | $57.0M | $177.5M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9886 | −0.015% | $691K | $3.6M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.334% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0063% | 8h | 0.9881 | −0.071% | $244K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0067% | 8h | 0.9887 | −0.010% | $10.9M | $21.3M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9880 | −0.081% | $159K | $346K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9889 | +0.010% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9887 | −0.006% | $504K | $553K | 20x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9888 | long leg | $15.4M | $18.2M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9887 | −0.010% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9889 | +0.010% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9880 | −0.082% | $445K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9857 | −0.315% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9863 | −0.257% | $291K | $812K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.182% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9891 | +0.032% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.081% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9887 | −0.010% | $487 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9894 | +0.061% | $631K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | +0.020% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDTshort | +0.0115% | 8h | 0.9868 | −0.202% | $2.6M | $583K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0539% / S −0.0538% | 1h | 0.9885 | −0.033% | $196K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]