Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1158 | spot | no funding | — | — | $167K | 1x | Buy Bybit Spot | |
| SHORT | 0.1155 | −0.0458 | pay 0.0229% / 4h | 3h 44m | $1.5M | $2.7M | 25x | Short Bybit |
Price gap−0.259%
Funding gap−0.0458% /8h
Both sides work against this pair now: funding costs $14 a day on $10k and the gap is 0.154% under its 7d average. Spot cannot be shorted here, so there is no reverse.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12−0.0458% /8h now · paid −0.123% over the last 7D
Price−$15spread −0.259% now, avg −0.105% → −0.154% if it goes back
Costs−$11.2K111.950% of $10k · taker + slippage, in and out
Result−$11.2K−112.23%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.123% in total, about −0.0059%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.259%
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
/8hBERA on 23 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size8793.1 / 18.9 bpAt $10k entering Bybit Spot costs 8793.1 bp, fee and slippage, 464.8× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $400The spot leg is bought with the whole $10k; Bybit runs at up to 25x. 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: −$13.74Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$13.74.
- Watch: Gap narrower than usual−0.259% vs −0.105%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.5M OIOnly Bybit reports one; the spot book's depth is in the cost check above.
- 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−0.0059%/8h × 21 periods−$12.34
Price spread−0.259% → −0.105% (7d avg)−$15.39
Slippage, 4 orderslive order books−$11,164.00
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$11,222.73
Costs to cover111.950%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot13.048793.1 bp−$8,793doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit8.7118.9 bp−$19199.3 bp−$1,993doesn’t fitdoesn’t fit
Closing costs about the same again.
TxFlow