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

IO

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotIOUSDT
0.1180spotno funding——$199K1xBuy Bybit Spot
SHORT
BybitIOUSDT
0.1179+0.0100get 0.0050% / 4h3h 39m$761K$604K25xShort Bybit
Price gap−0.127%
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 forecast
Funding−$1+0.0100% /8h now · paid −0.015% over the last 7D
Price$0spread −0.127% now, avg −0.122% → −0.005% if it goes back
Costs−$2492.494% of $10k · taker + slippage, in and out
Result−$251−2.51%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.127%
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

IO on 12 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size74.5 / 55.9 bp
    At $10k entering Bybit Spot costs 74.5 bp, fee and slippage, 1.3× 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.
  • Note: Gap at its usual level−0.127% vs −0.122%
    The price leg adds little either way.
  • Watch: Short leg is thin$761K OI
    Bybit sets your exit cost. Check its book before closing.
  • 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−0.0007%/8h × 21 periods−$1.48
Price spread−0.127% → −0.122% (7d avg)−$0.46
Slippage, 4 orderslive order books−$218.36
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$251.30
Costs to cover2.494%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 19 min ago; Bybit: live order book, 38 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot4.3074.5 bp−$75doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit8.4755.9 bp−$56338.0 bp−$3,380doesn’t fitdoesn’t fit

Closing costs about the same again.

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