Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.28 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Bybit+0.267%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1241.238% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.267%, 7d avg −0.024%
=The price spread pays, funding is against you. BloFin is 0.291% dearer against Bybit than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of −0.024%): +$29 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (0.000% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEUSDT | 0.07492 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $1.5M | $761K | 25x |
| Short | BloFin ME-USDT | 0.07512 | 0.0045 | get 0.0022% / 4h | 1h 07m | $109K | $8K | 50x |
Bybit MEUSDT
BloFin ME-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.6
- Price spread: +0.267% → −0.024%
- $29.11
- Slippage, 4 orders
- −$100.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$106.27
- Costs to cover
- 1.238%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 28 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, 4 min ago | 5.31 bp | 47.0 bp −$47 | 440.8 bp −$4,408 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 28 min ago | 4.02 bp | 21.9 bp −$22 | 49.8 bp −$498 | doesn't fit | doesn't fit |
ME on 13 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 ME-USDTshort | +0.0045% | 4h | 0.07512 | +0.267% | $109K | $8K | 50x | |
| Hyperliquid ME | +0.0100% | 1h | 0.07496 | +0.053% | $237K | $100K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07497 | +0.066% | $13K | $20K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07496 | +0.048% | $2.1M | $3.9M | 50x | as long as short |
| Bybit MEUSDTlong | +0.0100% | 4h | 0.07492 | long leg | $1.5M | $761K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07486 | −0.080% | $495K | $1.1M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07500 | +0.107% | $191K | $71K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07495 | +0.040% | $497K | $135K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07502 | +0.133% | $208K | $28K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07499 | +0.093% | $650K | $421K | 25x | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ME-USDT | +0.0100% | 4h | 0.07497 | +0.067% | — | $1.3M | — | as long as short |
| Variational Omni ME | +0.0100% | 4h | 0.07534 | +0.554% | $12K | $2K | — | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07494 | +0.022% | $26K | — | 15x | as long as short |
BingX ME-USDT
Variational Omni ME
Reya MERUSDPERP