Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against Bybit−0.136%92s7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as 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−$1101.103% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.136%, 7d avg −0.092%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.044% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.092%). Swap the legs. The two prices were read 92 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 | Bybit TWTUSDT | 0.5886 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $5.3M | $905K | 25x |
| Short | BloFin TWT-USDT | 0.5878 | 0.0087 | get 0.0044% / 4h | 1h 07m | $259K | $12K | 75x |
Bybit TWTUSDT
BloFin TWT-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
- −$2.73
- Price spread: −0.136% → −0.092%
- −$4.42
- Slippage, 4 orders
- −$87.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$117.41
- Costs to cover
- 1.103%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago | 2.55 bp | 30.9 bp −$31 | 127.7 bp −$1,277 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.70 bp | 25.3 bp −$25 | 62.7 bp −$627 | doesn't fit | doesn't fit |
TWT on 8 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 TWT-USDTshort | +0.0087% | 4h | 0.5878 | −0.136% | $259K | $12K | 75x | |
| Binance TWTUSDT | +0.0100% | 4h | 0.5881 | −0.086% | $3.9M | $2.2M | 75x | as long as short |
| Bybit TWTUSDTlong | +0.0100% | 4h | 0.5886 | long leg | $5.3M | $905K | 25x | |
| Gate TWT_USDT | +0.0100% | 8h | 0.5882 | −0.068% | $268K | $104K | 50x | as long as short |
| MEXC TWT_USDT | +0.0100% | 4h | 0.5883 | −0.051% | $6.8M | $158K | 125x | as long as short |
| KuCoin TWTUSDTM | +0.0100% | 4h | 0.5888 | +0.034% | $812K | $1.1M | 30x | as long as short |
| BingX TWT-USDT | +0.0100% | 4h | 0.5885 | −0.017% | — | $2.5M | — | as long as short |
| Variational Omni TWT | +0.0100% | 4h | 0.5886 | −0.005% | $225K | $830 | — | as long as short |
Binance TWTUSDT
Gate TWT_USDT
MEXC TWT_USDT
KuCoin TWTUSDTM
BingX TWT-USDT
Variational Omni TWT