Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.08715spotno funding——$860K1xBuy Bybit Spot
SHORT0.08723+0.0365get 0.0183% / 4h3h 44m$1.7M$575K25xShort Bybit
Price gap+0.092%
Funding gap+0.0365% /8h

Both sides work: funding pays +$11 a day on $10k, and the gap is 0.147% above its 7d average: +$15 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$25+0.0365% /8h now · paid +0.248% over the last 7D
Price+$15spread +0.092% now, avg −0.055% → +0.147% if it goes back
Costs−$4464.462% of $10k · taker + slippage, in and out
Result−$407−4.07%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.248% in total, about +0.0118%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.092%
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

BSB on 13 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size94.8 / 179.0 bp
    At $10k entering Bybit costs 179.0 bp, fee and slippage, 1.9× Bybit Spot’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: +$10.96Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$10.96.
  • OK: Entry gap works for you+0.092% vs −0.055%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.7M 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+0.0118%/8h × 21 periods+$24.83
Price spread+0.092% → −0.055% (7d avg)+$14.66
Slippage, 4 orderslive order books−$415.21
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$406.72
Costs to cover4.462%Break-even121.7 days
Slippage: Bybit Spot: live order book, 16 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot11.7594.8 bp−$95doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit9.24179.0 bp−$179doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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