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

ERA

All ERA markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotERAUSDT
0.06987spotno funding——$640K1xBuy Bybit Spot
SHORT
BybitERAUSDT
0.06964−0.3067pay 0.1533% / 4h2h 03m$2.4M$5.3M25xShort Bybit
Price gap−0.329%
Funding gap−0.3067% /8h

The gap pays +$125 on $10k if it goes back to its 7d average, but funding costs $92 a day and eats that in about 32 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$609−0.3067% /8h now · paid −6.085% over the last 7D
Price+$125spread −0.329% now, avg −1.575% → +1.246% if it goes back
Costs−$1,70817.077% of $10k · taker + slippage, in and out
Result−$2,192−21.92%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.329%
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

ERA on 10 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size1546.7 / 32.4 bp
    At $10k entering Bybit Spot costs 1546.7 bp, fee and slippage, 47.8× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The spot leg is bought with the whole $10k; Bybit runs at up to 25x. 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— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$92.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$92.00.
  • OK: Entry gap works for you−0.329% vs −1.575%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • 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−0.2898%/8h × 21 periods−$608.51
Price spread−0.329% → −1.575% (7d avg)+$124.57
Slippage, 4 orderslive order books−$1,676.73
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$2,191.67
Costs to cover17.077%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 57 min ago; Bybit: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot16.951546.7 bp−$1,547doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit0.7232.4 bp−$32348.6 bp−$3,486doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ERA news

posts that mention ERA, from every exchange
10-29 11:27ExtendedListingNow available to trade: $BR, $BAT, ethereum:0x0a092e544da31150b439a1aaa1a3a2214a867f46 and $ERA (Bedrock, Basic Attention, Concrete and Caldera) with up to 5x leverage and $ZK (ZKsync) with up to 10x leverage @extendedapp on X ↗
10-28 17:38ExtendedListingnew market ERA-USD ($ERA) seen by our collector