VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.074%

Price spread now: BloFin against Bybit−0.014%92s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as 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−$450.453% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.417%+$42 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.014%, 7d avg +0.030%

Together, before fees+0.386%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.044% cheaper against Bybit than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). 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 VIRTUALUSDT	0.7403	0.0100	pay 0.0050% / 4h	3h 07m	$16.8M	$17.2M	50x
Short	BloFin VIRTUAL-USDT	0.7402	0.0340	get 0.0170% / 4h	3h 07m	$841K	$862K	75x

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 −0.014%Rate

Funding earned: $50.4
Price spread: −0.014% → +0.030%: −$4.39
Slippage, 4 orders: −$22.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.71
Costs to cover: 0.453%
Break-even: 6.9 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 64 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, 1 min ago	0.68 bp	12.4 bp −$12	22.7 bp −$227	doesn't fit	doesn't fit
Sell BloFin live order book, 64 min ago	1.38 bp	10.0 bp −$10	15.9 bp −$159	47.7 bp −$4,769	doesn't fit

VIRTUAL on 33 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7389	−0.184%	$25	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7384	−0.253%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0040%	1h	0.7404	+0.014%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7397	−0.081%	$16K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7395	−0.102%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−3.863%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7396	−0.095%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7398	−0.073%	$335K	$420K	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7400	−0.041%	$205K	$162K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7405	+0.022%	$73K	$44K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7401	−0.023%	$17.2M	$39.8M	75x	as long as short
Bybit VIRTUALUSDTlong	+0.0100%	4h	0.7403	long leg	$16.8M	$17.2M	50x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7405	+0.027%	$3.0M	$9.9M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7400	−0.041%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7403	0.000%	$18.6M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7404	+0.014%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7409	+0.081%	$6.4M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7405	+0.027%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7399	−0.054%	$251K	$165K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7369	−0.462%	$552K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7368	−0.477%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7375	−0.379%	$656K	$890K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7372	−0.419%	$41K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7397	−0.086%	$51K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7394	−0.122%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7395	−0.105%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7405	+0.021%	$55K	$277K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7395	−0.115%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0206%	1h	0.7415	+0.159%	$9.2M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0301% / S −0.0228%	1h	0.7393	−0.140%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDTshort	+0.0340%	4h	0.7402	−0.014%	$841K	$862K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7411	+0.108%	$201K	$95K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0731%	1h	0.7402	−0.013%	$613K	$651K	50x	as long as short