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

SENT

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotSENTUSDT
0.01810spotno funding——$316K1xBuy Bybit Spot
SHORT
BybitSENTUSDT
0.01810+0.0100get 0.0050% / 4h3h 44m$1.7M$570K50xShort Bybit
Price gap+0.008%
Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$48+0.0100% /8h now · paid −0.477% over the last 7D
Price−$1spread +0.008% now, avg +0.021% → −0.012% if it goes back
Costs−$2022.021% of $10k · taker + slippage, in and out
Result−$251−2.51%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.008%
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

SENT on 12 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size43.1 / 48.1 bp
    At $10k entering Bybit costs 48.1 bp, fee and slippage, 1.1× Bybit Spot’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The 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— / 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.
  • Note: Gap at its usual level+0.008% vs +0.021%
    The price leg adds little either way.
  • Note: Spot has no open interest$1.7M OI
    Only 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 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−0.0227%/8h × 21 periods−$47.68
Price spread+0.008% → +0.021% (7d avg)−$1.24
Slippage, 4 orderslive order books−$171.06
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$250.98
Costs to cover2.021%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 15 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot3.1143.1 bp−$43doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit3.6248.1 bp−$48323.4 bp−$3,234doesn’t fitdoesn’t fit

Closing costs about the same again.

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