Funding you earn now, next payment 02:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h +0.084%
Price spread now: Bybit against Extended−0.055%7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$349as in the Funding arb table
Net, price: spread back to 7d avg − costs−$326as in the Price arb table
costs, in and out, $10k−$3343.340% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.055%, 7d avg −0.139%
=Together, before fees−0.261%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.085% dearer against Extended than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.139%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.150% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended Q-USD | 0.02526 | 0.0920 | pay 0.0115% / 1h | 8m 48s | $8K | $164K | 5x |
| Short | Bybit QUSDT | 0.02525 | 0.0448 | get 0.0224% / 4h | 2h 08m | $1.5M | $352K | 13x |
Extended Q-USD
Bybit QUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$99.18
- Price spread: −0.055% → −0.139%
- $8.45
- Slippage, 4 orders
- −$317.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$424.71
- Costs to cover
- 3.340%
- Break-even
- never at this rate
Slippage from Extended: live order book, 57 min ago; Bybit: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 57 min ago | 11.20 bp | 98.6 bp −$99 | 831.8 bp −$8,318 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.95 bp | 68.0 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
Q on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02522 | −0.162% | $1.2M | $292K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02523 | −0.154% | $668K | $19K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02525 | −0.067% | $2.2M | $121K | 20x | as long as short |
| Bybit QUSDTshort | +0.0448% | 4h | 0.02525 | −0.055% | $1.5M | $352K | 13x | |
| Variational Omni Q | +0.0463% | 4h | 0.02529 | +0.086% | $610 | $2K | — | as long as short |
| Aster QUSDT | +0.0826% | 4h | 0.02524 | −0.102% | $58K | $52K | 5x | as long as short |
| BingX Q-USDT | +0.0884% | 4h | 0.02523 | −0.150% | — | $1.3M | — | as long as short |
| Extended Q-USDlong | +0.0920% | 1h | 0.02526 | long leg | $8K | $164K | 5x | |
| MEXC Q_USDT | +0.0922% | 4h | 0.02527 | +0.025% | $122K | $88K | 50x | as long as short |
| Binance QUSDT | +0.0923% | 4h | 0.02527 | +0.025% | $7.0M | $1.4M | 20x | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Aster QUSDT
BingX Q-USDT
MEXC Q_USDT
Binance QUSDT