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

PORTAL

All PORTAL markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotPORTALUSDT
0.01238spotno funding——$330K1xBuy Bybit Spot
SHORT
BybitPORTALUSDT
0.01238+0.0100get 0.0050% / 4h7m 48s$738K$783K20xShort Bybit
Price gap+0.040%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.069% above its 7d average: +$7 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$1+0.0100% /8h now · paid −0.013% over the last 7D
Price+$7spread +0.040% now, avg −0.029% → +0.069% if it goes back
Costs−$1,49514.950% of $10k · taker + slippage, in and out
Result−$1,489−14.89%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.040%
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

PORTAL on 9 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size48.4 / 46.4 bp
    At $10k entering Bybit Spot costs 48.4 bp, fee and slippage, 1.0× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Bybit runs at up to 20x. 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— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • OK: Entry gap works for you+0.040% vs −0.029%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$738K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · 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−0.0006%/8h × 21 periods−$1.27
Price spread+0.040% → −0.029% (7d avg)+$6.92
Slippage, 4 orderslive order books−$1,464.05
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$1,489.40
Costs to cover14.950%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 54 min ago; Bybit: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot11.4848.4 bp−$48doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit8.5546.4 bp−$46doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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