Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03497 | spot | no funding | — | — | $189K | 1x | Buy Bybit Spot | |
| SHORT | 0.03495 | −0.0408 | pay 0.0204% / 4h | 2h 03m | $1.4M | $1.2M | 50x | Short Bybit |
Price gap−0.057%
Funding gap−0.0408% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 8 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11−0.0408% /8h now · paid +0.109% over the last 7D
Price+$4spread −0.057% now, avg −0.097% → +0.040% if it goes back
Costs−$2342.339% of $10k · taker + slippage, in and out
Result−$219−2.19%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.109% in total, about +0.0052%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.057%
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
/8hPNUT on 15 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size81.4 / 44.8 bpAt $10k entering Bybit Spot costs 81.4 bp, fee and slippage, 1.8× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $200The spot leg is bought with the whole $10k; Bybit runs at up to 50x. 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— / 4hThe spot leg pays no funding; Bybit settles every 4h.Next 24h at the current rates, on $10k a leg: −$12.24Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$12.24.
- OK: Entry gap works for you−0.057% vs −0.097%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$1.4M 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+0.0052%/8h × 21 periods+$10.95
Price spread−0.057% → −0.097% (7d avg)+$3.96
Slippage, 4 orderslive order books−$202.93
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$219.02
Costs to cover2.339%Break-even147.0 days
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot2.8681.4 bp−$81doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit4.3044.8 bp−$45431.6 bp−$4,316doesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC