Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.0000003562 | spot | no funding | — | — | $141K | 1x | Buy Bybit Spot | |
| SHORT | 0.0000003555 | −0.2866 | pay 0.2866% / 8h | 2h 03m | $500K | $187K | 12.5x | Short Bybit |
Price gap−0.211%
Funding gap−0.2866% /8h
Both sides work against this pair now: funding costs $86 a day on $10k and the gap is 0.400% 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−$27−0.2866% /8h now · paid −0.268% over the last 7D
Price−$40spread −0.211% now, avg +0.189% → −0.400% if it goes back
Costs−$3053.045% of $10k · taker + slippage, in and out
Result−$371−3.71%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.268% in total, about −0.0128%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.211%
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
/8hBTT on 3 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size82.9 / 50.3 bpAt $10k entering Bybit Spot costs 82.9 bp, fee and slippage, 1.6× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $800The spot leg is bought with the whole $10k; Bybit runs at up to 12.5x. 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— / 8hThe spot leg pays no funding; Bybit settles every 8h.Next 24h at the current rates, on $10k a leg: −$85.98Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$85.98.
- Watch: Gap narrower than usual−0.211% vs +0.189%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thin$500K 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−0.0128%/8h × 21 periods−$26.83
Price spread−0.211% → +0.189% (7d avg)−$39.95
Slippage, 4 orderslive order books−$273.53
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$371.30
Costs to cover3.045%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot15.4182.9 bp−$83doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.8150.3 bp−$50doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC