Funding you earn now, next payment 12:00 UTC−0.0375%/8h= −41.0% APRnext payment −$1.87 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against BloFin−0.180%82s7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as 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−$1091.087% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.180%, 7d avg −0.096%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.084% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.096%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.87 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin LINEA-USDT | 0.002775 | 0.0140 | pay 0.0070% / 4h | 1h 27m | $208K | $32K | 50x |
| Short | Bybit LINEAUSDT | 0.002770 | −0.0234 | pay 0.0117% / 4h | 1h 27m | $2.8M | $1.1M | 50x |
BloFin LINEA-USDT
Bybit LINEAUSDTFunding 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
- −$78.7
- Price spread: −0.180% → −0.096%
- −$8.41
- Slippage, 4 orders
- −$85.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$195.79
- Costs to cover
- 1.087%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; Bybit: 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 BloFin live order book, 10 min ago | 1.80 bp | 17.3 bp −$17 | 48.6 bp −$486 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.42 bp | 40.8 bp −$41 | 200.7 bp −$2,007 | doesn't fit | doesn't fit |
LINEA on 21 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack LINEA_USDC_PERP | −0.0710% | 1h | 0.002776 | +0.043% | $88K | $63K | 10x | as long as short |
| Bybit LINEAUSDTshort | −0.0234% | 4h | 0.002770 | −0.180% | $2.8M | $1.1M | 50x | |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | +1.261% | $734 | $39K | 5.5x | as long as short |
| Variational Omni LINEA | +0.0096% | 4h | 0.002769 | −0.222% | $108K | $50K | — | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002774 | −0.036% | $110K | $62K | 3x | as long as short |
| Hyperliquid LINEA | +0.0100% | 1h | 0.002782 | +0.252% | $2.6M | $306K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002776 | +0.043% | $19K | $3K | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002774 | −0.044% | $3.9M | $4.1M | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002770 | −0.180% | $1.2M | $985K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002776 | +0.036% | $225K | $87K | 50x | as long as short |
Backpack LINEA_USDC_PERP
Injective LINEA/USDC PERP
Variational Omni LINEA
Lighter LINEA
Hyperliquid LINEA
Aster LINEAUSDT
Binance LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002775 | 0.000% | $4.0M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002776 | +0.036% | $494K | $73K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002777 | +0.072% | $1.0M | $383K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002772 | −0.108% | — | $2.5M | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002776 | +0.036% | $143K | $2.2M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002770 | −0.180% | $2K | $20K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002830 | +1.982% | $1K | $1.8M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002773 | −0.087% | $9K | $217K | 10x | as long as short |
| BloFin LINEA-USDTlong | +0.0140% | 4h | 0.002775 | long leg | $208K | $32K | 50x | |
| Reya LINEARUSDPERP | +0.0280% | 1h | 0.002773 | −0.064% | $4K | — | 3x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0443% / S −0.0179% | 1h | 0.002775 | 0.000% | $31K | — | 100x | as long as short |
MEXC LINEA_USDT
KuCoin LINEAUSDTM
Bitget LINEAUSDT
BingX LINEA-USDT
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]