H

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.02 per $10,000 · paid last 24h +0.007%

Price spread now: Bybit against BloFin−0.469%82s7-day average −0.233% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as 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−$1361.356% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.469%, 7d avg −0.233%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.236% cheaper against BloFin than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.233%. The two prices were read 82 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	BloFin H-USDT	0.06888	0.0103	pay 0.0052% / 4h	2h 47m	$590K	$115K	25x
Short	Bybit HUSDT	0.06856	0.0100	get 0.0050% / 4h	2h 47m	$7.5M	$4.7M	13x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.469%Rate

Funding earned: −$0.66
Price spread: −0.469% → −0.233%: −$23.59
Slippage, 4 orders: −$112.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$159.82
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from BloFin: live order book, 18 min ago; Bybit: live order book, 5 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, 18 min ago	0.73 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	5.10 bp	39.1 bp −$39	170.2 bp −$1,702	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.262%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06867	−0.304%	$113K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06868	−0.290%	$14.7M	$10.9M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06856	−0.469%	$7.5M	$4.7M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06873	−0.218%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06860	−0.407%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06864	−0.348%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06863	−0.363%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06848	−0.581%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06861	−0.392%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06854	−0.487%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06852	−0.529%	$1.1M	$440K	10x	as long as short
BloFin H-USDTlong	+0.0103%	4h	0.06888	long leg	$590K	$115K	25x
Extended H-USD	+0.0104%	1h	0.06865	−0.337%	$11K	$103K	5x	as long as short