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

ME

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotMEUSDT
0.04612spotno funding——$134K1xBuy Bybit Spot
SHORT
BybitMEUSDT
0.04610−0.0877pay 0.0438% / 4h2h 03m$420K$228K25xShort Bybit
Price gap−0.054%
Funding gap−0.0877% /8h

Both sides work against this pair now: funding costs $26 a day on $10k and the gap is 0.022% 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 forecast
Funding−$15−0.0877% /8h now · paid −0.148% over the last 7D
Price−$2spread −0.054% now, avg −0.032% → −0.022% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$17−0.17%no pointscosts unknown: book too thin at $10k ·

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.148% in total, about −0.0070%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.054%
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

ME on 12 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size6197.5 / 71.7 bp
    At $10k entering Bybit Spot costs 6197.5 bp, fee and slippage, 86.4× 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: −$26.30Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$26.30.
  • Watch: Gap narrower than usual−0.054% vs −0.032%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$420K 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−0.0070%/8h × 21 periods−$14.80
Price spread−0.054% → −0.032% (7d avg)−$2.20
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, 40 min ago; Bybit: live order book, 64 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot8.626197.5 bp−$6,198doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit4.2771.7 bp−$72107.7 bp−$1,077doesn’t fitdoesn’t fit

Closing costs about the same again.

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