NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against Bybit0.000%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1041.039% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.380%+$38 · spread now 0.000%, 7d avg +0.123%

Together, before fees+0.363%+$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.123% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005075	0.0100	pay 0.0050% / 4h	20m 41s	$2.1M	$854K	25x
Short	BloFin NOT-USDT	0.0005075	0.0093	get 0.0047% / 4h	20m 41s	$111K	$16K	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 0.000%Rate

Funding earned: −$1.41
Price spread: 0.000% → +0.123%: −$12.26
Slippage, 4 orders: −$80.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$117.56
Costs to cover: 1.039%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 8 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, 1 min ago	3.95 bp	30.3 bp −$30	183.8 bp −$1,838	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	6.90 bp	19.0 bp −$19	65.3 bp −$653	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0321%	4h	0.0005068	−0.137%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0206%	4h	0.0005068	−0.138%	$471K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.961%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTshort	+0.0093%	4h	0.0005075	0.000%	$111K	$16K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005086	+0.221%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.099%	$360K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005075	−0.006%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005078	+0.059%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTlong	+0.0100%	4h	0.0005075	long leg	$2.1M	$854K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005078	+0.059%	$643K	$670K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005070	−0.099%	$141K	$70K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005076	+0.020%	$1.3M	$433K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005076	+0.020%	$673K	$415K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005075	0.000%	—	$725K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005074	−0.027%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1699%	1h	0.0005083	+0.161%	$50K	$8K	10x	as long as short