Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1047 | +0.0100 | pay 0.0100% / 8h | 5h 06m | $4.1M | $2.8M | 75x | Long Bitget | |
| SHORT | 0.1047 | +0.0100 | get 0.0100% / 8h | 5h 06m | $11.3M | $12.0M | 75x | Short Bybit |
Price gap+0.038%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$90.0000% /8h now · paid −0.089% over the last 7D
Price+$6spread +0.038% now, avg −0.022% → +0.061% if it goes back
Costs−$490.491% of $10k · taker + slippage, in and out
Result−$52−0.52%no points
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.038%
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
/8hOP on 29 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size19.4 / 9.4 bpAt $10k entering Bitget costs 19.4 bp, fee and slippage, 2.1× Bybit’s.
- Note: Margin at max leverage$133 + $133Bitget 75x, Bybit 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Bitget: 3 payments, −$3.00; short Bybit: 3 payments, +$3.00.
- OK: Entry gap works for you+0.038% vs −0.022%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Long leg is thinner$4.1M vs $11.3M OIBoth legs are deep; Bitget is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · Bybit YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0042%/8h × 21 periods−$8.91
Price spread+0.038% → −0.022% (7d avg)+$6.05
Slippage, 4 orderslive order books−$26.06
Fee Bitget bp × 2 orders−$12.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$51.93
Costs to cover0.491%Break-evennever at this rate
Slippage: Bitget: live order book, 8 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget4.7919.4 bp−$1926.9 bp−$269387.3 bp−$38.7Kdoesn’t fit
SELL · SHORTBybit0.489.4 bp−$921.7 bp−$21783.4 bp−$8,339doesn’t fit
Closing costs about the same again.
OP news
posts that mention OP, from every exchange| 10-14 12:02 | Phemex | Other | $OP got the first move. Now comes the harder part. Is capital rotating back into L2s, or is this a sharp bounce from beaten-down levels? Price is the headline. Follow-through is the test. Which side are you watching?👇 @Phemex_official on X ↗ |
Phemex