RED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against Bybit+0.083%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2662.662% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.622%−$62 · spread now +0.083%, 7d avg −0.022%

Together, before fees−0.613%−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.106% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit REDUSDT	0.1565	0.0100	pay 0.0050% / 4h	1h 02m	$1.9M	$2.0M	25x
Short	BloFin RED-USDT	0.1566	0.0147	get 0.0073% / 4h	1h 02m	$220K	$5K	25x

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 +0.083%Rate

Funding earned: $9.77
Price spread: +0.083% → −0.022%: $10.56
Slippage, 4 orders: −$243.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$245.85
Costs to cover: 2.662%
Break-even: 183.2 days

Slippage from Bybit: live order book, 4 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, 4 min ago	4.15 bp	127.5 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	3.18 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit

RED 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
Aster REDUSDT	+0.0100%	4h	0.1564	−0.028%	$28K	$38K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1561	−0.207%	$2.3M	$4.2M	50x	as long as short
Bybit REDUSDTlong	+0.0100%	4h	0.1565	long leg	$1.9M	$2.0M	25x
Gate RED_USDT	+0.0100%	4h	0.1564	−0.045%	$355K	$96K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1563	−0.109%	$763K	$328K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1566	+0.056%	$26K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1601	+2.320%	$2K	$830K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1563	−0.137%	$31	—	5x	as long as short
BloFin RED-USDTshort	+0.0147%	4h	0.1566	+0.083%	$220K	$5K	25x
MEXC RED_USDT	+0.0342%	4h	0.1562	−0.173%	$520K	$172K	20x	as long as short