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

DEEP

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotDEEPUSDT
0.01468spotno funding——$275K1xBuy Bybit Spot
SHORT
BybitDEEPUSDT
0.01463−0.0481pay 0.0481% / 8h7h 39m$2.4M$1.0M50xShort Bybit
Price gap−0.341%
Funding gap−0.0481% /8h

Both sides work against this pair now: funding costs $14 a day on $10k and the gap is 0.104% 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 forecast
Funding+$18−0.0481% /8h now · paid +0.182% over the last 7D
Price−$10spread −0.341% now, avg −0.237% → −0.104% if it goes back
Costs−$1821.822% of $10k · taker + slippage, in and out
Result−$174−1.74%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.182% in total, about +0.0087%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.341%
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

DEEP on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size49.0 / 36.3 bp
    At $10k entering Bybit Spot costs 49.0 bp, fee and slippage, 1.3× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The 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— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$14.44Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$14.44.
  • Watch: Gap narrower than usual−0.341% vs −0.237%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$2.4M 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+0.0087%/8h × 21 periods+$18.17
Price spread−0.341% → −0.237% (7d avg)−$10.37
Slippage, 4 orderslive order books−$151.17
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$174.37
Costs to cover1.822%Break-even74.2 days
Slippage: Bybit Spot: live order book, 20 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot3.4549.0 bp−$49doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit10.2636.3 bp−$36195.7 bp−$1,957doesn’t fitdoesn’t fit

Closing costs about the same again.

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