PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0896%/8h= +98.2% APRnext payment +$4.48 per $10,000 · paid last 24h +0.067%

Price spread now: BloFin against Bybit+0.090%72s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$313as 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−$2922.916% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.090%, 7d avg −0.009%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and BloFin is 0.098% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.213%, so the current rate has only just turned in your favour. The two prices were read 72 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 -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PTBUSDT	0.001227	0.0100	pay 0.0050% / 4h	2h 00m	$2.0M	$27.2M	25x
Short	BloFin PTB-USDT	0.001228	0.0996	get 0.0498% / 4h	2h 00m	$525K	$1.0M	20x

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 +0.090%Rate

Funding earned: $188.25
Price spread: +0.090% → −0.009%: $9.84
Slippage, 4 orders: −$268.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$93.56
Costs to cover: 2.916%
Break-even: 10.5 days

Slippage from Bybit: live order book, 4 min ago; BloFin: 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 Bybit live order book, 4 min ago	2.84 bp	103.8 bp −$104	584.8 bp −$5,848	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	2.87 bp	24.2 bp −$24	99.4 bp −$994	doesn't fit	doesn't fit

PTB on 10 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
Bybit PTBUSDTlong	+0.0100%	4h	0.001227	long leg	$2.0M	$27.2M	25x
Variational Omni PTB	+0.0100%	4h	0.001226	−0.090%	$26K	$55K	—	as long as short
Aster PTBUSDT	+0.0971%	4h	0.001228	+0.033%	$74K	$1.0M	5x	as long as short
BingX PTB-USDT	+0.0986%	4h	0.001229	+0.130%	—	$2.5M	—	as long as short
BloFin PTB-USDTshort	+0.0996%	4h	0.001228	+0.090%	$525K	$1.0M	20x
Extended kPTB-USD	+0.1016%	1h	0.001229	+0.143%	$4K	$45K	5x	as long as short
Binance PTBUSDT	+0.1020%	4h	0.001229	+0.155%	$9.1M	$183.3M	20x	as long as short
MEXC PTB_USDT	+0.1026%	4h	0.001229	+0.155%	$451K	$1.2M	20x	as long as short
KuCoin PTBUSDTM	+0.1192%	4h	0.001228	+0.057%	$1.9M	$8.6M	20x	as long as short
Gate PTB_USDT	+0.1384%	4h	0.001226	−0.106%	$2.0M	$7.6M	25x	as long as short