Settings8H · net · $10k
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Funding arb · Price arb / Crypto

CORE

All CORE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotCOREUSDT
0.01274spotno funding——$198K1xBuy Bybit Spot
SHORT
BybitCOREUSDT
0.01276−0.0034pay 0.0034% / 8h6h 00m$921K$1.4M20xShort Bybit
Price gap+0.118%
Funding gap−0.0034% /8h

The gap pays +$22 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 21 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$8−0.0034% /8h now · paid −0.081% over the last 7D
Price+$22spread +0.118% now, avg −0.099% → +0.217% if it goes back
Costs−$2,19921.986% of $10k · taker + slippage, in and out
Result−$2,185−21.85%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.118%
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

CORE on 6 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size1361.0 / 45.1 bp
    At $10k entering Bybit Spot costs 1361.0 bp, fee and slippage, 30.2× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The 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— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$1.02Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$1.02.
  • OK: Entry gap works for you+0.118% vs −0.099%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$921K OI
    Bybit sets your exit cost. Check its book before closing.
  • 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−0.0038%/8h × 21 periods−$8.06
Price spread+0.118% → −0.099% (7d avg)+$21.67
Slippage, 4 orderslive order books−$2,167.61
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$2,185.00
Costs to cover21.986%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 43 min ago; Bybit: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot15.351361.0 bp−$1,361doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit7.8445.1 bp−$45296.1 bp−$2,961doesn’t fitdoesn’t fit

Closing costs about the same again.

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