Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1045 | +0.0100 | pay 0.0100% / 8h | 5h 12m | $11.3M | $12.0M | 75x | Long Bybit | |
| SHORT | 0.1045 | +0.0100 | get 0.0100% / 8h | 5h 12m | $4.1M | $2.8M | 75x | Short Bitget |
Price gap−0.029%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.051% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.
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−$5spread −0.029% now, avg +0.022% → −0.051% if it goes back
Costs−$510.506% of $10k · taker + slippage, in and out
Result−$47−0.47%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−0.029%
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- OK: Fits both order books9.3 / 10.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$133 + $133Bybit 75x, Bitget 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 Bybit: 3 payments, −$3.00; short Bitget: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.029% vs +0.022%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Short 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: KYCBybit Yes · Bitget YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0042%/8h × 21 periods+$8.91
Price spread−0.029% → +0.022% (7d avg)−$5.10
Slippage, 4 orderslive order books−$27.57
Fee Bybit bp × 2 orders−$11.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$46.75
Costs to cover0.506%Break-even43.7 days
Slippage: Bybit: live order book, 4 min ago; Bitget: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit0.489.3 bp−$918.3 bp−$18392.8 bp−$9,275doesn’t fit
SELL · SHORTBitget4.7910.8 bp−$1130.2 bp−$302132.6 bp−$13.3Kdoesn’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