IO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Bybit+0.336%92s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as 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−$2152.149% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.407%−$41 · spread now +0.336%, 7d avg +0.100%

Together, before fees−0.360%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.236% dearer against Bybit than usual: you sell high and buy low (spread +0.336% now, against its 7-day average of +0.100%): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days. 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	Bybit IOUSDT	0.1487	0.0100	pay 0.0050% / 4h	3h 33m	$1.1M	$620K	25x
Short	BloFin IO-USDT	0.1492	0.0043	get 0.0022% / 4h	3h 33m	$191K	$33K	50x

Funding 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 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.336%Rate

Funding earned: −$11.96
Price spread: +0.336% → +0.100%: $23.62
Slippage, 4 orders: −$191.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$203.21
Costs to cover: 2.149%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 32 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	6.72 bp	90.3 bp −$90	584.3 bp −$5,843	doesn't fit	doesn't fit
Sell BloFin live order book, 32 min ago	3.35 bp	20.1 bp −$20	53.8 bp −$538	477.7 bp −$47.8K	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-USDTshort	+0.0043%	4h	0.1492	+0.336%	$191K	$33K	50x
Hyperliquid IO	+0.0100%	1h	0.1490	+0.175%	$998K	$277K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1490	+0.178%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1489	+0.134%	$3.0M	$4.9M	50x	as long as short
Bybit IOUSDTlong	+0.0100%	4h	0.1487	long leg	$1.1M	$620K	25x
Gate IO_USDT	+0.0100%	4h	0.1490	+0.222%	$229K	$446K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1487	0.000%	$1.2M	$213K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1489	+0.134%	$342K	$194K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1490	+0.202%	$1.4M	$946K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1489	+0.134%	—	$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	0.1490	+0.219%	$30K	$18K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1489	+0.153%	$3K	$212K	5x	as long as short
Injective IO/USDC PERP	+0.0277%	1h	0.1492	+0.336%	$2K	$196	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.9917%	1h	0.1496	+0.572%	$39K	$7K	10x	as long as short