Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03829 | spot | no funding | — | — | $1.9M | 1x | Buy Bybit Spot | |
| SHORT | 0.03828 | +0.0100 | get 0.0050% / 4h | 3h 48m | $4.8M | $4.0M | 20x | Short Bybit |
Price gap−0.039%
Funding gap+0.0100% /8h
Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7+0.0100% /8h now · paid −0.067% over the last 7D
Price+$1spread −0.039% now, avg −0.048% → +0.009% if it goes back
Costs−$970.974% of $10k · taker + slippage, in and out
Result−$103−1.03%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.039%
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
/8hCHIP on 24 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Watch: Thin at this size22.3 / 18.2 bpAt $10k entering Bybit Spot costs 22.3 bp, fee and slippage, 1.2× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $500The spot leg is bought with the whole $10k; Bybit runs at up to 20x. 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: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
- Note: Gap at its usual level−0.039% vs −0.048%The price leg adds little either way.
- Note: Spot has no open interest$4.8M 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−0.0032%/8h × 21 periods−$6.72
Price spread−0.039% → −0.048% (7d avg)+$0.91
Slippage, 4 orderslive order books−$66.44
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$103.25
Costs to cover0.974%Break-evennever at this rate
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 Spot5.2622.3 bp−$2296.6 bp−$966doesn’t fitdoesn’t fit
SELL · SHORTBybit2.6318.2 bp−$1893.1 bp−$931doesn’t fitdoesn’t fit
Closing costs about the same again.
CHIP news
posts that mention CHIP, from every exchange| 10-30 13:38 | RISEx | Other | Trade them here: $EWZ: $CHIP: @risextrade on X ↗ |
| 10-30 13:38 | RISEx | Listing | Two new markets on RISEx: $EWZ, the iShares MSCI Brazil ETF, at 20x. Most crypto traders barely had a way to trade Brazil $CHIP, the token of the protocol that lends against GPUs, at 5x. It is the AI debt trade onchain @risextrade on X ↗ |
| 10-28 10:42 | TxFlow | Listing | At the community’s request, TxFlow has listed $CHIP. a DeFi protocol that finances AI infrastructure using GPU hardware as onchain collateral, now available with up to 50x leverage. @TxFlow_L1 on X ↗ |
| 10-28 09:24 | RISEx | Listing | new market CHIP/USDC ($CHIP) seen by our collector |
| 10-26 09:17 | TxFlow | Listing | new market CHIP-USDC ($CHIP) seen by our collector |
RISEx
TxFlow