IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against BloFin+0.020%62s7-day average −0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as 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−$2232.227% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now +0.020%, 7d avg −0.102%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.122% dearer against BloFin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.102%. The two prices were read 62 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 IO-USDT	0.1497	0.0077	pay 0.0039% / 4h	2h 52m	$192K	$39K	50x
Short	Bybit IOUSDT	0.1497	0.0100	get 0.0050% / 4h	2h 52m	$1.1M	$900K	25x

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 +0.020%Rate

Funding earned: $4.8
Price spread: +0.020% → −0.102%: $12.24
Slippage, 4 orders: −$199.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$205.68
Costs to cover: 2.227%
Break-even: 307.2 days

Slippage from BloFin: live order book, 28 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, 28 min ago	6.65 bp	16.7 bp −$17	64.8 bp −$648	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	6.69 bp	88.9 bp −$89	412.1 bp −$4,121	doesn't fit	doesn't fit

IO 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
BloFin IO-USDTlong	+0.0077%	4h	0.1497	long leg	$192K	$39K	50x
Hyperliquid IO	+0.0100%	1h	0.1500	+0.174%	$1.0M	$361K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1499	+0.120%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1500	+0.181%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDTshort	+0.0100%	4h	0.1497	+0.020%	$1.1M	$900K	25x
Gate IO_USDT	+0.0100%	4h	0.1498	+0.094%	$228K	$439K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1497	0.000%	$1.2M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1498	+0.067%	$352K	$623K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1502	+0.334%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1498	+0.067%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1497	−0.017%	$30K	$16K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1499	+0.151%	$3K	$219K	5x	as long as short
Injective IO/USDC PERP	+0.0619%	1h	0.1494	−0.200%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.7307%	1h	0.1498	+0.096%	$39K	$10K	10x	as long as short