Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8972 | spot | no funding | — | — | $1.8M | 1x | Buy Bybit Spot | |
| SHORT | 1.8949 | −0.0059 | pay 0.0029% / 4h | 3h 48m | $2.9M | $1.6M | 50x | Short Bybit |
Price gap−0.121%
Funding gap−0.0059% /8h
Funding costs $2 a day on $10k at the current rate: the perp's short pays now. A spot + perp pair earns only while the short is paid.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5−0.0059% /8h now · paid +0.051% over the last 7D
Price−$1spread −0.121% now, avg −0.107% → −0.014% if it goes back
Costs−$1661.664% of $10k · taker + slippage, in and out
Result−$163−1.63%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.121%
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
/8hCAKE on 17 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Watch: Thin at this size54.6 / 37.0 bpAt $10k entering Bybit Spot costs 54.6 bp, fee and slippage, 1.5× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $200The 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— / 4hThe spot leg pays no funding; Bybit settles every 4h.Next 24h at the current rates, on $10k a leg: −$1.76Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$1.76.
- Note: Gap at its usual level−0.121% vs −0.107%The price leg adds little either way.
- Note: Spot has no open interest$2.9M 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+0.0024%/8h × 21 periods+$5.14
Price spread−0.121% → −0.107% (7d avg)−$1.45
Slippage, 4 orderslive order books−$135.39
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$162.70
Costs to cover1.664%Break-even228.5 days
Slippage: Bybit Spot: live order book, 13 min ago; Bybit: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot2.6454.6 bp−$55doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.9137.0 bp−$3752.1 bp−$521doesn’t fitdoesn’t fit
Closing costs about the same again.
CAKE news
posts that mention CAKE, from every exchange| 09-24 18:20 | Phemex | Other | Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
| 09-24 09:36 | Phemex | Listing | new market CAKEUSDT ($CAKE) seen by our collector |
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