Settings8H · net · $10k
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Funding arb · Price arb / Crypto

BIRB

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotBIRBUSDT
0.09840spotno funding——$2.5M1xBuy Bybit Spot
SHORT
BybitBIRBUSDT
0.09815+0.0100get 0.0050% / 4h1h 06m$3.8M$15.2M25xShort Bybit
Price gap−0.254%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.171% under its 7d average: −$17 if it goes back, about 5.7 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$125+0.0100% /8h now · paid −1.254% over the last 7D
Price−$17spread −0.254% now, avg −0.083% → −0.171% if it goes back
Costs−$8628.621% of $10k · taker + slippage, in and out
Result−$1,005−10.05%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.254%
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

/8h

BIRB on 9 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size748.7 / 18.9 bp
    At $10k entering Bybit Spot costs 748.7 bp, fee and slippage, 39.6× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The 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— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.254% vs −0.083%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$3.8M OI
    Only 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 Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0597%/8h × 21 periods−$125.43
Price spread−0.254% → −0.083% (7d avg)−$17.14
Slippage, 4 orderslive order books−$831.09
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$1,004.66
Costs to cover8.621%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 9 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot4.62748.7 bp−$749doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit1.0318.9 bp−$19145.0 bp−$1,450doesn’t fitdoesn’t fit

Closing costs about the same again.

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