Funding you earn now, next payment 04:00 UTC−0.0246%/8h= −26.9% APRnext payment −$1.23 per $10,000 · paid last 24h −0.065%
Price spread now: Bybit against BloFin−0.034%112s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$250.248% of the position
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.034%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.035% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 112 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 | BloFin XAUT-USDT | 4,348.1 | 0.0222 | pay 0.0111% / 4h | 17m 22s | $2.3M | $1.6M | 75x |
| Short | Bybit XAUTUSDT | 4,346.6 | −0.0024 | pay 0.0012% / 4h | 17m 22s | $120.2M | $28.2M | 75x |
BloFin XAUT-USDT
Bybit XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$51.66
- Price spread: −0.034% → +0.001%
- −$3.5
- Slippage, 4 orders
- −$1.81
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.97
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Bybit: 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 BloFin live order book, 6 min ago | 0.12 bp | 6.1 bp −$6 | 6.6 bp −$66 | 9.1 bp −$913 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.12 bp | 7.0 bp −$7 | 8.9 bp −$89 | 15.2 bp −$1,516 | doesn't fit |
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0330% | 1h | 4,347.5 | −0.015% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0048% | 4h | 4,346.2 | −0.044% | $25.9M | $15.3M | 75x | as long as short |
| Bybit XAUTUSDTshort | −0.0024% | 4h | 4,346.6 | −0.034% | $120.2M | $28.2M | 75x | |
| Variational Omni XAUT | −0.0022% | 4h | 4,346.7 | −0.031% | $33.1M | $3.5M | — | as long as short |
| MEXC XAUT_USDT | −0.0020% | 4h | 4,346.8 | −0.030% | $382.5M | $277.4M | 1000x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,347.7 | −0.009% | $130.4M | $8.2M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.039% | $8K | $149K | 30x | as long as short |
| Binance XAUTUSDT | +0.0039% | 4h | 4,346.5 | −0.036% | $35.1M | $45.4M | 75x | as long as short |
| Extended XAUT-USD | +0.0040% | 1h | 4,345.3 | −0.064% | $272K | $215K | 25x | as long as short |
| BingX XAUT-USDT | +0.0040% | 4h | 4,346.5 | −0.037% | — | $17.8M | — | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Variational Omni XAUT
MEXC XAUT_USDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Binance XAUTUSDT
Extended XAUT-USD
BingX XAUT-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX XAUT-USD | +0.0050% | 1h | 4,345.6 | −0.057% | $10.1M | $2.0M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,346.5 | −0.037% | $4.2M | $914K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,348 | −0.003% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,347.6 | −0.013% | $778 | $107K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,345.5 | −0.060% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,347.3 | −0.019% | $1.8M | $298K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,352.5 | +0.102% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,345.8 | −0.054% | $1.8M | $226K | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0222% | 1h | 4,348.4 | +0.007% | $5.7M | $4.5M | 50x | as long as short |
| BloFin XAUT-USDTlong | +0.0222% | 4h | 4,348.1 | long leg | $2.3M | $1.6M | 75x |
SoDEX XAUT-USD
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Kraken Futures PF_XAUTUSD