Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03770 | spot | no funding | — | — | $660K | 1x | Buy Bybit Spot | |
| SHORT | 0.03763 | −0.0044 | pay 0.0022% / 4h | 3h 44m | $3.7M | $3.2M | 50x | Short Bybit |
Price gap−0.186%
Funding gap−0.0044% /8h
Both sides work against this pair now: funding costs $1 a day on $10k and the gap is 0.043% under its 7d average. Spot cannot be shorted here, so there is no reverse.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21−0.0044% /8h now · paid −0.207% over the last 7D
Price−$4spread −0.186% now, avg −0.142% → −0.043% if it goes back
Costs−$1471.470% of $10k · taker + slippage, in and out
Result−$172−1.72%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.186%
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
/8hS on 22 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size62.3 / 14.8 bpAt $10k entering Bybit Spot costs 62.3 bp, fee and slippage, 4.2× 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: −$1.32Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$1.32.
- Watch: Gap narrower than usual−0.186% vs −0.142%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$3.7M 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−0.0099%/8h × 21 periods−$20.72
Price spread−0.186% → −0.142% (7d avg)−$4.32
Slippage, 4 orderslive order books−$115.99
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$172.02
Costs to cover1.470%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 15 min ago; Bybit: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot6.6862.3 bp−$62doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit3.9914.8 bp−$1536.9 bp−$369doesn’t fitdoesn’t fit
Closing costs about the same again.
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