Funding arb · Price arb / Crypto

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LONGBybit Spot▾Bybit Spot BONKUSDT

⇄⇅

SHORTBybit▾Bybit −0.0600%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Bybit SpotBONKUSDT	0.000002832	spot	no funding	—	—	$656K	1x	Buy Bybit Spot
SHORT	Bybit1000BONKUSDT	0.000002834	−0.0600	pay 0.0300% / 4h	3h 45m	$5.7M	$5.5M	50x	Short Bybit

Price gap+0.081%

Funding gap−0.0600% /8h

The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 14 hours.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.016% in total, about +0.0008%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.081%

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

24H3D7D14D30D90D

Bybit SpotBybit

BONK on 30 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• !
  Watch: Thin at this size35.7 / 15.9 bp

  At $10k entering Bybit Spot costs 35.7 bp, fee and slippage, 2.2× Bybit’s.
• i
  Note: Spot in full, margin on the short$10,000 + $200

  The spot leg is bought with the whole $10k; Bybit runs at up to 50x. 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.

  Long Bybit Spot · spot$0.00

  Short Bybit · 4h−$18.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$18.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$18.00.
• ✓
  OK: Entry gap works for you+0.081% vs −0.026%

  You short the dearer leg. If the gap goes back to average, the short gains.
• i
  Note: Spot has no open interest$5.7M OI

  Only Bybit reports one; the spot book's depth is in the cost check above.
• i
  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

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0008%/8h × 21 periods+$1.60

Price spread+0.081% → −0.026% (7d avg)+$10.70

Slippage, 4 orderslive order books−$75.58

Fee Bybit Spot bp × 2 orders−$20.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$94.28

Costs to cover1.066%Break-even419.3 days

Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBybit Spot3.5935.7 bp−$36doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBybit1.7715.9 bp−$1628.8 bp−$288doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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BONK news

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11-03 07:08	Binance	Other	Latest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
10-29 01:05	MEXC	Listing	1000BONK_USDC no longer reported ($BONK) seen by our collector
09-24 20:40	Phoenix	Listing	Now live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kBONK ($BONK) seen by our collector
09-22 07:03	ApeX Omni	Other	59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗