Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

LAYER

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitSOLAYERUSDT
0.07327+0.0100pay 0.0050% / 4h3h 14m$1.1M$640K25xLong Bybit
SHORT
BinanceLAYERUSDT
0.07320+0.0026get 0.0013% / 4h3h 14m$2.0M$1.5M50xShort Binance
Price gap−0.096%
Funding gap−0.0074% /8h

The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 4.8 days. At the last 7 days' pace that is about 44 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$41−0.0074% /8h now · paid −0.406% over the last 7D
Price+$11spread −0.096% now, avg −0.202% → +0.106% if it goes back
Costs−$1091.092% of $10k · taker + slippage, in and out
Result−$139−1.39%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.096%
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

LAYER on 14 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size32.5 / 26.8 bp
    At $10k entering Bybit costs 32.5 bp, fee and slippage, 1.2× Binance’s.
  • Note: Margin at max leverage$400 + $200
    Bybit 25x, Binance 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$2.22Long Bybit: 6 payments, −$3.00; short Binance: 6 payments, +$0.78.
  • OK: Entry gap works for you−0.096% vs −0.202%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Long leg is thinner$1.1M vs $2.0M OI
    Both legs are deep; Bybit is the smaller one.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · Binance 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−0.0193%/8h × 21 periods−$40.57
Price spread−0.096% → −0.202% (7d avg)+$10.61
Slippage, 4 orderslive order books−$88.16
Fee Bybit bp × 2 orders−$11.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$139.12
Costs to cover1.092%Break-evennever at this rate
Slippage: Bybit: live order book, 5 min ago; Binance: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit4.7632.5 bp−$32179.0 bp−$1,790doesn’t fitdoesn’t fit
SELL · SHORTBinance2.0526.8 bp−$2779.6 bp−$796doesn’t fitdoesn’t fit

Closing costs about the same again.

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