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

PLAY

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitPLAYSOUTUSDT
0.01200+0.5215pay 0.2607% / 4h1h 58m$251K$202K12.5xLong Bybit
SHORT
BinancePLAYUSDT
0.01198+0.0909get 0.0455% / 4h1h 58m$2.6M$2.9M10xShort Binance
Price gap−0.167%
Funding gap−0.4305% /8h

Both sides work against this direction now: funding costs $129 a day on $10k and the gap is 0.326% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$15−0.4305% /8h now · paid −0.152% over the last 7D
Price−$33spread −0.167% now, avg +0.159% → −0.326% if it goes back
Costs−$6366.364% of $10k · taker + slippage, in and out
Result−$684−6.84%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.152% in total, about −0.0072%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.167%
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

PLAY on 7 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size194.1 / 63.6 bp
    At $10k entering Bybit costs 194.1 bp, fee and slippage, 3.1× Binance’s.
  • Note: Margin at max leverage$800 + $1,000
    Bybit 12.5x, Binance 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$129.16Long Bybit: 6 payments, −$156.44; short Binance: 6 payments, +$27.28.
  • Watch: Gap narrower than usual−0.167% vs +0.159%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$251K vs $2.6M OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · Binance 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−0.0072%/8h × 21 periods−$15.19
Price spread−0.167% → +0.159% (7d avg)−$32.59
Slippage, 4 orderslive order books−$615.40
Fee Bybit bp × 2 orders−$11.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$684.18
Costs to cover6.364%Break-evennever at this rate
Slippage: Bybit: live order book, 40 min ago; Binance: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit12.45194.1 bp−$194doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance8.3163.6 bp−$64443.4 bp−$4,434doesn’t fitdoesn’t fit

Closing costs about the same again.

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