Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.0005869 | spot | no funding | — | — | $195K | 1x | Buy Bybit Spot | |
| SHORT | 0.0005870 | −0.0558 | pay 0.0279% / 4h | 2h 03m | $816K | $837K | 10x | Short Bybit |
Price gap+0.017%
Funding gap−0.0558% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $17 a day and eats that in about 12 hours. At the last 7 days' pace that is about 28 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$51−0.0558% /8h now · paid −0.509% over the last 7D
Price+$9spread +0.017% now, avg −0.068% → +0.085% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$42−0.42%no pointscosts unknown: book too thin at $10k ·
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.017%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hB3 on 2 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Bybit Spot’s order book right now.
- Note: Spot in full, margin on the short$10,000 + $1,000The spot leg is bought with the whole $10k; Bybit runs at up to 10x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
- OK: Only the short pays funding— / 4hThe spot leg pays no funding; Bybit settles every 4h.Next 24h at the current rates, on $10k a leg: −$16.75Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$16.75.
- OK: Entry gap works for you+0.017% vs −0.068%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thin$816K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Spot Yes · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0243%/8h × 21 periods−$50.94
Price spread+0.017% → −0.068% (7d avg)+$8.54
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot5.92doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.1264.3 bp−$64doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC