Funding you earn now, next payment 00:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.086%
Price spread now: BloFin against Bybit−0.061%82s7-day average −0.255% · you buy dearer than you sell
Net, funding: paid 7d − costs−$278as 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−$2952.945% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 3 days (all we have)−0.292%−$29 · spread now −0.061%, 7d avg −0.255%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.194% dearer against Bybit than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.255%. The two prices were read 82 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 USUSDT | 0.01634 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $3.2M | $856K | 20x |
| Short | BloFin US-USDT | 0.01633 | 0.0222 | get 0.0111% / 4h | 1h 17m | $476K | $49K | 10x |
Bybit USUSDT
BloFin US-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
- $25.64
- Price spread: −0.061% → −0.255%
- $19.42
- Slippage, 4 orders
- −$271.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$249.46
- Costs to cover
- 2.945%
- Break-even
- 75.1 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 63 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 | 9.17 bp | 120.4 bp −$120 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 63 min ago | 3.34 bp | 44.4 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
US 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0258% | 4h | 0.01630 | −0.275% | $4.2M | $278K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01635 | +0.029% | $12K | $55K | 5x | as long as short |
| Bybit USUSDTlong | +0.0100% | 4h | 0.01634 | long leg | $3.2M | $856K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01634 | −0.049% | $2.1M | $554K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01636 | +0.085% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0192% | 1h | 0.01634 | −0.032% | $4K | $141K | 5x | as long as short |
| MEXC US_USDT | +0.0194% | 4h | 0.01634 | −0.012% | $5.5M | $116K | 100x | as long as short |
| Binance USUSDT | +0.0194% | 4h | 0.01634 | −0.012% | $9.1M | $3.1M | 10x | as long as short |
| BloFin US-USDTshort | +0.0222% | 4h | 0.01633 | −0.061% | $476K | $49K | 10x | |
| BingX US-USDT | +0.0416% | 4h | 0.01634 | −0.012% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
Aster USUSDT
Gate US_USDT
Variational Omni US
Extended US-USD
MEXC US_USDT
Binance USUSDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0450% | 4h | 0.01636 | +0.092% | $4.3M | $248K | 10x | as long as short |
Bitget USUSDT