Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3195 | +0.0100 | pay 0.0050% / 4h | 3h 58m | $753K | $31K | 50x | Long Bitget | |
| SHORT | 0.3191 | −0.0680 | pay 0.0340% / 4h | 3h 58m | $479K | $188K | 25x | Short Bybit |
Price gap−0.141%
Funding gap−0.0780% /8h
Both sides work against this direction now: funding costs $23 a day on $10k and the gap is 0.052% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4−0.0780% /8h now · paid −0.044% over the last 7D
Price−$5spread −0.141% now, avg −0.089% → −0.052% if it goes back
Costs−$1611.609% of $10k · taker + slippage, in and out
Result−$170−1.70%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.044% in total, about −0.0021%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.141%
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
/8hUMA on 12 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size31.8 / 49.7 bpAt $10k entering Bybit costs 49.7 bp, fee and slippage, 1.6× Bitget’s.
- Note: Margin at max leverage$200 + $400Bitget 50x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$23.40Long Bitget: 6 payments, −$3.00; short Bybit: 6 payments, −$20.40.
- Watch: Gap narrower than usual−0.141% vs −0.089%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$479K vs $753K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · Bybit YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0021%/8h × 21 periods−$4.39
Price spread−0.141% → −0.089% (7d avg)−$5.16
Slippage, 4 orderslive order books−$137.88
Fee Bitget bp × 2 orders−$12.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$170.43
Costs to cover1.609%Break-evennever at this rate
Slippage: Bitget: live order book, 31 min ago; Bybit: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget4.7231.8 bp−$32117.4 bp−$1,174doesn’t fitdoesn’t fit
SELL · SHORTBybit6.3049.7 bp−$50344.2 bp−$3,442doesn’t fitdoesn’t fit
Closing costs about the same again.