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

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotHOMEUSDT
0.005392spotno funding——$260K1xBuy Bybit Spot
SHORT
BybitHOMEUSDT
0.005380+0.0100get 0.0050% / 4h2h 04m$1.9M$830K25xShort Bybit
Price gap−0.223%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.152% under its 7d average: −$15 if it goes back, about 5.1 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$14+0.0100% /8h now · paid +0.141% over the last 7D
Price−$15spread −0.223% now, avg −0.070% → −0.152% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$1−0.01%no pointscosts unknown: book too thin at $10k ·

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.223%
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

HOME on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size1431.9 / 76.3 bp
    At $10k entering Bybit Spot costs 1431.9 bp, fee and slippage, 18.8× 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: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.223% vs −0.070%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$1.9M 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+0.0067%/8h × 21 periods+$14.05
Price spread−0.223% → −0.070% (7d avg)−$15.23
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 $10k
Costs to cover—Break-even—
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot6.491431.9 bp−$1,432doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit3.7276.3 bp−$76444.8 bp−$4,448doesn’t fitdoesn’t fit

Closing costs about the same again.

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