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

SLX

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotSLXUSDT
0.03717spotno funding——$519K1xBuy Bybit Spot
SHORT
BybitSLXUSDT
0.03713+0.0100get 0.0050% / 4h3h 44m$563K$401K20xShort Bybit
Price gap−0.094%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.087% under its 7d average: −$9 if it goes back, about 2.9 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$4+0.0100% /8h now · paid −0.044% over the last 7D
Price−$9spread −0.094% now, avg −0.007% → −0.087% if it goes back
Costs−$7517.514% of $10k · taker + slippage, in and out
Result−$765−7.65%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.094%
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

SLX on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size188.3 / 144.0 bp
    At $10k entering Bybit Spot costs 188.3 bp, fee and slippage, 1.3× 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.
  • Watch: Gap narrower than usual−0.094% vs −0.007%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$563K 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−0.0021%/8h × 21 periods−$4.41
Price spread−0.094% → −0.007% (7d avg)−$8.71
Slippage, 4 orderslive order books−$720.44
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$764.56
Costs to cover7.514%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 15 min ago; Bybit: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot5.45188.3 bp−$188doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.70144.0 bp−$144doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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