Funding you earn now, next payment 03:00 UTC+0.0678%/8h= +74.2% APRpaid last 24h +0.027%
Price spread now: Bybit against Extended+0.151%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$618as in the Funding arb table
Net, price: spread back to 7d avg − costs−$614as in the Price arb table
costs, in and out, $10k−$6206.205% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.151%, 7d avg +0.090%
=Together, before fees−0.099%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.061% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.090%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OPEN-USD | 0.1441 | 0.0104 | pay 0.0013% / 1h | 45m 21s | $8K | $107K | 5x |
| Short | Bybit OPENUSDT | 0.1443 | 0.0782 | get 0.0391% / 4h | 1h 45m | $1.5M | $681K | 25x |
Extended OPEN-USD
Bybit OPENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $142.39
- Price spread: +0.151% → +0.090%
- $6.08
- Slippage, 4 orders
- −$604.47
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$472
- Costs to cover
- 6.205%
- Break-even
- 30.2 days
Slippage from Extended: live order book, 15 min ago; Bybit: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 15 min ago | 5.20 bp | 68.9 bp −$69 | 475.8 bp −$4,758 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.43 bp | 212.0 bp −$212 | doesn't fit | doesn't fit | doesn't fit |
OPEN on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPEN-USDT | +0.0051% | 4h | 0.1438 | −0.182% | $674K | $12K | 75x | as long as short |
| Aster OPENUSDT | +0.0100% | 4h | 0.1439 | −0.082% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1441 | +0.026% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1440 | −0.043% | $826K | $207K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1440 | −0.036% | $2.4M | $47K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1442 | +0.095% | $2.2M | $187K | 20x | as long as short |
| Extended OPEN-USDlong | +0.0104% | 1h | 0.1441 | long leg | $8K | $107K | 5x | |
| Bybit OPENUSDTshort | +0.0782% | 4h | 0.1443 | +0.151% | $1.5M | $681K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0955% | 1h | 0.1441 | +0.015% | $14K | $55K | 10x | as long as short |
BloFin OPEN-USDT
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Kraken Futures PF_OPENUSD