Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PLAY

All PLAY markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
ExtendedPLAY-USD
0.01738+0.0104pay 0.0013% / 1h21m 21s$3K$191K5xLong Extended10% off
SHORT
BybitPLAYSOUTUSDT
0.01743+0.0100get 0.0050% / 4h2h 21m$493K$732K12.5xShort Bybit
Price gap+0.313%
Funding gap−0.0004% /8h

Funding is ≈ 0, so this is a price-spread trade: +$16 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 forecast
Funding+$37−0.0004% /8h now · paid +0.372% over the last 7D
Price+$16spread +0.313% now, avg +0.152% → +0.160% if it goes back
Costs−$6616.613% of $10k · taker + slippage, in and out
Result−$608−6.08%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.313%
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

2 ok · 4 to watch
  • Watch: Thin at this size66.8 / 275.4 bp
    At $10k entering Bybit costs 275.4 bp, fee and slippage, 4.1× Extended’s.
  • Note: Margin at max leverage$2,000 + $800
    Extended 5x, Bybit 12.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$0.12Long Extended: 24 payments, −$3.12; short Bybit: 6 payments, +$3.00.
  • OK: Entry gap works for you+0.313% vs +0.152%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$3K vs $493K OI
    Extended sets your exit cost. Check its book before closing.
  • OK: Points on a legExtended points
    Volume here counts toward the points program.
  • Watch: KYCExtended No · Bybit 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+0.0177%/8h × 21 periods+$37.23
Price spread+0.313% → +0.152% (7d avg)+$16.04
Slippage, 4 orderslive order books−$645.33
Fee Extended bp × 2 orders−$5.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$608.07
Costs to cover6.613%Break-even121.3 days
Slippage: Extended: live order book, 1 min ago; Bybit: live order book, 60 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGExtended7.5166.8 bp−$67463.3 bp−$4,633doesn’t fitdoesn’t fit
SELL · SHORTBybit20.66275.4 bp−$275doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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