Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.003961 | spot | no funding | — | — | $9.8M | 1x | Buy Bybit Spot | |
| SHORT | 0.003960 | −0.0208 | pay 0.0104% / 4h | 3h 48m | $35.0M | $47.1M | 75x | Short Bybit |
Price gap−0.038%
Funding gap−0.0208% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 18 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$14−0.0208% /8h now · paid +0.141% over the last 7D
Price+$5spread −0.038% now, avg −0.085% → +0.047% if it goes back
Costs−$580.579% of $10k · taker + slippage, in and out
Result−$39−0.39%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.141% in total, about +0.0067%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.038%
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
/8hPUMP on 48 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size18.7 / 11.1 bpAt $10k entering Bybit Spot costs 18.7 bp, fee and slippage, 1.7× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $133The spot leg is bought with the whole $10k; Bybit runs at up to 75x. 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: −$6.24Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$6.24.
- OK: Entry gap works for you−0.038% vs −0.085%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$35.0M 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+0.0067%/8h × 21 periods+$14.13
Price spread−0.038% → −0.085% (7d avg)+$4.73
Slippage, 4 orderslive order books−$26.87
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$39.01
Costs to cover0.579%Break-even26.3 days
Slippage: Bybit Spot: live order book, 13 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot1.2718.7 bp−$1950.3 bp−$503doesn’t fitdoesn’t fit
SELL · SHORTBybit1.2811.1 bp−$1120.3 bp−$20373.2 bp−$7,321doesn’t fit
Closing costs about the same again.
PUMP news
posts that mention PUMP, from every exchange| 11-03 07:08 | Binance | Other | Latest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗ |
| 10-31 16:14 | Derive | Contest | October at Derive: ➤ V3 Live. Launched with Ethereum custody, ZK proofs, sub-millisecond matching and no-code vaults. ➤ Governance. Submitted a CFTC comment letter on conflicts and affiliations. Proposed expansion into US-regulated derivatives markets through governance. ➤ Volume. $3.47B month to date, including $2.94B in options and ~$4B open interest. ➤ Trading. Added RFQ Price Protection, PUMP and VVV markets as well as LIT as collateral. ➤ HYPE. Integrating Elysium by @Kinetiq_xyz. Launched Road to Expiry with Kinetiq, a HYPE options contest with a ~$40k prize pool. Lowered margin and more borrowing power against HYPE and kHYPE. @DeriveXYZ on X ↗ |
| 10-29 16:57 | Katana Perps | Listing | new market PUMP-USD ($PUMP) seen by our collector |
| 10-28 16:00 | OKX | Other | Europe, your next X Drops basket is here. ZEC, NEAR, SUI, TAO, PEPE, WLD, LINK, PUMP, ONDO and ZAMA are in, with 3.4M $ZAMA up for grabs. Trade @zama for 3× rewards. @okx on X ↗ |
| 10-23 09:05 | Reya | Listing | new market PUMPRUSDPERP ($PUMP) seen by our collector |
| 10-15 05:29 | Derive | Listing | $PUMP options and perps are live on Derive. Block-size trades have already printed via RFQ. The order book is now just as tradeable, with deep liquidity on screen. @DeriveXYZ on X ↗ |

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