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

SPK

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotSPKUSDT
0.01630spotno funding——$204K1xBuy Bybit Spot
SHORT
BybitSPKUSDT
0.01630−0.0348pay 0.0174% / 4h2h 03m$723K$539K25xShort Bybit
Price gap0.000%
Funding gap−0.0348% /8h

The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 21 hours. At the last 7 days' pace that is about 15 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$4−0.0348% /8h now · paid −0.043% over the last 7D
Price+$9spread 0.000% now, avg −0.093% → +0.093% if it goes back
Costs−$2452.451% of $10k · taker + slippage, in and out
Result−$240−2.40%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.043% in total, about −0.0021%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now0.000%
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

SPK on 14 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size72.1 / 51.1 bp
    At $10k entering Bybit Spot costs 72.1 bp, fee and slippage, 1.4× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The spot leg is bought with the whole $10k; Bybit runs at up to 25x. 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: −$10.43Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$10.43.
  • OK: Entry gap works for you0.000% vs −0.093%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$723K 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−$4.31
Price spread0.000% → −0.093% (7d avg)+$9.27
Slippage, 4 orderslive order books−$214.08
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$240.12
Costs to cover2.451%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 49 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot9.2272.1 bp−$72doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit6.1551.1 bp−$51241.2 bp−$2,412doesn’t fitdoesn’t fit

Closing costs about the same again.

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