Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08799 | spot | no funding | — | — | $760K | 1x | Buy Bybit Spot | |
| SHORT | 0.08792 | +0.0100 | get 0.0050% / 4h | 3h 48m | $8.3M | $1.4M | 20x | Short Bybit |
Price gap−0.074%
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+$13+0.0100% /8h now · paid +0.132% over the last 7D
Price−$2spread −0.074% now, avg −0.055% → −0.019% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$11+0.11%no pointscosts unknown: book too thin at $10k ·
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.074%
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
/8hFF on 12 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Watch: Thin at this size81.8 / 108.7 bpAt $10k entering Bybit costs 108.7 bp, fee and slippage, 1.3× Bybit Spot’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−0.074% vs −0.055%The price leg adds little either way.
- Note: Spot has no open interest$8.3M 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+0.0063%/8h × 21 periods+$13.24
Price spread−0.074% → −0.055% (7d avg)−$1.94
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Bybit Spot: live order book, 12 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot3.9981.8 bp−$82doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.85108.7 bp−$109820.5 bp−$8,205doesn’t fitdoesn’t fit
Closing costs about the same again.
FF news
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