Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.007973 | spot | no funding | — | — | $182K | 1x | Buy Bybit Spot | |
| SHORT | 0.007966 | −0.0569 | pay 0.0284% / 4h | 2h 03m | $671K | $499K | 50x | Short Bybit |
Price gap−0.082%
Funding gap−0.0569% /8h
Funding costs $17 a day on $10k at the current rate: the perp's short pays now. A spot + perp pair earns only while the short is paid.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5−0.0569% /8h now · paid +0.051% over the last 7D
Price$0spread −0.082% now, avg −0.077% → −0.005% if it goes back
Costs−$4324.316% of $10k · taker + slippage, in and out
Result−$427−4.27%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.051% in total, about +0.0024%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.082%
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
/8hGPS on 12 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size62.3 / 131.7 bpAt $10k entering Bybit costs 131.7 bp, fee and slippage, 2.1× Bybit Spot’s.
- Note: Spot in full, margin on the short$10,000 + $200The 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— / 4hThe spot leg pays no funding; Bybit settles every 4h.Next 24h at the current rates, on $10k a leg: −$17.06Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$17.06.
- Note: Gap at its usual level−0.082% vs −0.077%The price leg adds little either way.
- Watch: Short leg is thin$671K OIBybit sets your exit cost. Check its book before closing.
- 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+0.0024%/8h × 21 periods+$5.06
Price spread−0.082% → −0.077% (7d avg)−$0.50
Slippage, 4 orderslive order books−$400.60
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$427.03
Costs to cover4.316%Break-even597.2 days
Slippage: Bybit Spot: live order book, 40 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot6.9262.3 bp−$62doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.51131.7 bp−$132doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
HTX