Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3214 | spot | no funding | — | — | $1.5M | 1x | Buy Bybit Spot | |
| SHORT | 0.3206 | −0.0190 | pay 0.0190% / 8h | 7h 46m | $10.5M | $5.8M | 50x | Short Bybit |
Price gap−0.249%
Funding gap−0.0190% /8h
Both sides work against this pair now: funding costs $6 a day on $10k and the gap is 0.116% under its 7d average. Spot cannot be shorted here, so there is no reverse.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$9−0.0190% /8h now · paid +0.094% over the last 7D
Price−$12spread −0.249% now, avg −0.133% → −0.116% if it goes back
Costs−$750.747% of $10k · taker + slippage, in and out
Result−$77−0.77%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.094% in total, about +0.0045%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.249%
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
/8hLDO on 29 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size21.5 / 14.7 bpAt $10k entering Bybit Spot costs 21.5 bp, fee and slippage, 1.5× Bybit’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— / 8hThe spot leg pays no funding; Bybit settles every 8h.Next 24h at the current rates, on $10k a leg: −$5.70Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$5.70.
- Watch: Gap narrower than usual−0.249% vs −0.133%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$10.5M 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+0.0045%/8h × 21 periods+$9.44
Price spread−0.249% → −0.133% (7d avg)−$11.58
Slippage, 4 orderslive order books−$43.65
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$76.79
Costs to cover0.747%Break-even63.9 days
Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot3.1621.5 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit1.5714.7 bp−$1533.1 bp−$331doesn’t fitdoesn’t fit
Closing costs about the same again.
Phemex