Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against BloFin−0.276%272s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as 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−$960.956% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)+0.168%+$17 · spread now −0.276%, 7d avg +0.019%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.295% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.019%). Swap the legs. The two prices were read 272 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 PLUME-USDT | 0.01485 | 0.0111 | pay 0.0056% / 4h | 2h 44m | $376K | $66K | 50x |
| Short | Bybit PLUMEUSDT | 0.01481 | 0.0100 | get 0.0050% / 4h | 2h 44m | $3.5M | $3.0M | 50x |
BloFin PLUME-USDT
Bybit PLUMEUSDTFunding 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
- −$2.4
- Price spread: −0.276% → +0.019%
- −$29.52
- Slippage, 4 orders
- −$72.62
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$127.54
- Costs to cover
- 0.956%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 21 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, 21 min ago | 3.31 bp | 15.9 bp −$16 | 44.6 bp −$446 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.38 bp | 30.7 bp −$31 | 115.1 bp −$1,151 | doesn't fit | doesn't fit |
PLUME on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PLUMEUSDT | +0.0100% | 4h | 0.01481 | −0.269% | $6K | $23K | 5x | as long as short |
| Binance PLUMEUSDT | +0.0100% | 4h | 0.01481 | −0.299% | $5.5M | $7.1M | 75x | as long as short |
| Bybit PLUMEUSDTshort | +0.0100% | 4h | 0.01481 | −0.276% | $3.5M | $3.0M | 50x | |
| OKX PLUME-USDT-SWAP | +0.0100% | 4h | 0.01483 | −0.141% | $560K | $1.0M | 20x | as long as short |
| Gate PLUME_USDT | +0.0100% | 8h | 0.01482 | −0.202% | $705K | $297K | 50x | as long as short |
| MEXC PLUME_USDT | +0.0100% | 4h | 0.01480 | −0.337% | $1.2M | $313K | 100x | as long as short |
| KuCoin PLUMEUSDTM | +0.0100% | 4h | 0.01481 | −0.269% | $1.0M | $1.0M | 30x | as long as short |
| Bitget PLUMEUSDT | +0.0100% | 4h | 0.01480 | −0.337% | $1.2M | $661K | 25x | as long as short |
| BingX PLUME-USDT | +0.0100% | 4h | 0.01481 | −0.269% | — | $7.5M | — | as long as short |
| Variational Omni PLUME | +0.0100% | 4h | 0.01480 | −0.318% | $43K | $11K | — | as long as short |
Aster PLUMEUSDT
Binance PLUMEUSDT
OKX PLUME-USDT-SWAP
Gate PLUME_USDT
MEXC PLUME_USDT
KuCoin PLUMEUSDTM
Bitget PLUMEUSDT
BingX PLUME-USDT
Variational Omni PLUMEShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PLUME-USDTlong | +0.0111% | 4h | 0.01485 | long leg | $376K | $66K | 50x |