Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.039%
Price spread now: BloFin against Bybit+0.092%52s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$430.425% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.092%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.111% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.019%. The two prices were read 52 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 COINUSDT | 195.32 | 0 | get 0.0000% / 8h | 1h 40m | $4.7M | $6.2M | 50x |
| Short | BloFin COIN-USDT | 195.50 | 0.0120 | get 0.0120% / 8h | 1h 40m | $188K | $423K | 20x |
Bybit COINUSDT
BloFin COIN-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
- $25.2
- Price spread: +0.092% → −0.019%
- $11.1
- Slippage, 4 orders
- −$19.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$6.24
- Costs to cover
- 0.425%
- Break-even
- 8.7 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 45 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, 2 min ago | 4.09 bp | 13.6 bp −$14 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 0.51 bp | 9.3 bp −$9 | 16.0 bp −$160 | 39.3 bp −$3,928 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0688% | 8h | 195.58 | +0.133% | $6.3M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | +0.143% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0102% | 1h | 194.80 | −0.266% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0015% | 8h | 195.39 | +0.036% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.49 | +0.087% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.37 | +0.028% | $112K | $818K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.39 | +0.035% | $15.0M | $82.3M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 195.32 | long leg | $4.7M | $6.2M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.32 | 0.000% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.45 | +0.067% | $708K | $959K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.68 | +0.183% | $16K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.40 | +0.041% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.63 | +0.159% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.43 | +0.056% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.30 | −0.010% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.44 | +0.061% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.22 | −0.051% | $447K | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0092% | 1h | 195.28 | −0.020% | $15.2M | $13.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.29 | −0.015% | $984K | $137K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.49 | +0.087% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.31 | −0.005% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.29 | −0.016% | $115 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 195.50 | +0.092% | $188K | $423K | 20x | |
| Lighter COIN | +0.0144% | 1h | 195.40 | +0.042% | $362K | $2.3M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | +0.061% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0872% | 4h | 195.49 | +0.087% | $50K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
Phoenix COIN
edgeX COINUSDC