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

STABLE

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotSTABLEUSDT
0.02733spotno funding——$1.7M1xBuy Bybit Spot
SHORT
BybitSTABLEUSDT
0.02735+0.0100get 0.0050% / 4h3h 44m$2.2M$1.8M25xShort Bybit
Price gap+0.066%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.110% above its 7d average: +$11 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$7+0.0100% /8h now · paid +0.073% over the last 7D
Price+$11spread +0.066% now, avg −0.044% → +0.110% if it goes back
Costs−$1741.744% of $10k · taker + slippage, in and out
Result−$156−1.56%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.066%
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

STABLE on 15 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size44.1 / 47.8 bp
    At $10k entering Bybit costs 47.8 bp, fee and slippage, 1.1× Bybit Spot’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: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • OK: Entry gap works for you+0.066% vs −0.044%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$2.2M 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+0.0035%/8h × 21 periods+$7.33
Price spread+0.066% → −0.044% (7d avg)+$10.96
Slippage, 4 orderslive order books−$143.41
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$156.12
Costs to cover1.744%Break-even156.1 days
Slippage: Bybit Spot: live order book, 1 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot3.6644.1 bp−$44doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.5047.8 bp−$48377.6 bp−$3,776doesn’t fitdoesn’t fit

Closing costs about the same again.

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