Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.005%
Price spread now: Bybit against BloFin−0.053%92s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as 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−$880.879% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.053%, 7d avg −0.021%
=Funding pays, the price is against you. Bybit is 0.032% cheaper against BloFin than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.021%). If the spread goes back, that is −$3 on $10k: about 8.4 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.003% in total) that is about 3 months. 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 | BloFin ID-USDT | 0.03763 | 0.0087 | pay 0.0044% / 4h | 2h 11m | $163K | $11K | 50x |
| Short | Bybit IDUSDT | 0.03761 | 0.0100 | get 0.0100% / 8h | 2h 11m | $1.4M | $1.0M | 25x |
BloFin ID-USDT
Bybit IDUSDTFunding 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
- $2.67
- Price spread: −0.053% → −0.021%
- −$3.19
- Slippage, 4 orders
- −$64.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$88.44
- Costs to cover
- 0.879%
- Break-even
- 238.9 days
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 4 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 | 2.68 bp | 22.1 bp −$22 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.34 bp | 19.1 bp −$19 | 404.7 bp −$4,047 | doesn't fit | doesn't fit |
ID on 11 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 ID-USDTlong | +0.0087% | 4h | 0.03763 | long leg | $163K | $11K | 50x | |
| Aster IDUSDT | +0.0100% | 4h | 0.03766 | +0.076% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03759 | −0.120% | $2.4M | $3.4M | 50x | as long as short |
| Bybit IDUSDTshort | +0.0100% | 8h | 0.03761 | −0.053% | $1.4M | $1.0M | 25x | |
| Gate ID_USDT | +0.0100% | 4h | 0.03758 | −0.133% | $260K | $237K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03758 | −0.133% | $349K | $138K | 20x | as long as short |
| Bitget IDUSDT | +0.0100% | 4h | 0.03765 | +0.053% | $782K | $572K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03759 | −0.106% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03735 | −0.749% | $12K | $20K | — | as long as short |
| KuCoin IDUSDTM | +0.0184% | 4h | 0.03764 | +0.027% | $1.1M | $61K | 30x | as long as short |
Aster IDUSDT
Binance IDUSDT
Gate ID_USDT
MEXC ID_USDT
Bitget IDUSDT
BingX ID-USDT
Variational Omni ID
KuCoin IDUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | +0.0439% | 1h | 0.03760 | −0.081% | $4K | $2K | 10x | as long as short |
Kraken Futures PF_IDUSD