Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1027 | spot | no funding | — | — | $1.4M | 1x | Buy Bybit Spot | |
| SHORT | 0.1026 | −0.0004 | pay 0.0004% / 8h | 7h 44m | $10.8M | $12.5M | 75x | Short Bybit |
Price gap−0.034%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$4 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+$6−0.0004% /8h now · paid +0.061% over the last 7D
Price+$4spread −0.034% now, avg −0.069% → +0.035% if it goes back
Costs−$780.778% of $10k · taker + slippage, in and out
Result−$68−0.68%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.034%
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 size24.8 / 11.7 bpAt $10k entering Bybit Spot costs 24.8 bp, fee and slippage, 2.1× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $133The spot leg is bought with the whole $10k; Bybit runs at up to 75x. 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: −$0.13Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$0.13.
- OK: Entry gap works for you−0.034% vs −0.069%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$10.8M 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+0.0029%/8h × 21 periods+$6.06
Price spread−0.034% → −0.069% (7d avg)+$3.53
Slippage, 4 orderslive order books−$46.82
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$68.23
Costs to cover0.778%Break-even85.8 days
Slippage: Bybit Spot: live order book, 1 min ago; Bybit: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot1.4624.8 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit0.4911.7 bp−$1226.4 bp−$264127.3 bp−$12.7Kdoesn’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