Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.0183 | 0 | 0.0000% / 8h | 7h 57m | $154K | $132K | 2.8x | Long Kalshi | |
| SHORT | 7.0270 | −0.0069 | pay 0.0069% / 8h | 3h 57m | $57.0M | $23.0M | 75x | Short Bybit |
Price gap+0.124%
Funding gap−0.0069% /8h
The gap pays +$15 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 7.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0069% /8h now · paid −0.077% over the last 7D
Price+$15spread +0.124% now, avg −0.027% → +0.151% if it goes back
Costs−$420.419% of $10k · taker + slippage, in and out
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+0.124%
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
/8hUNI on 46 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books14.9 / 7.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$3,535 + $133Kalshi 2.8x, Bybit 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.08Long Kalshi: 3 payments, $0.00; short Bybit: 3 payments, −$2.08.
- OK: Entry gap works for you+0.124% vs −0.027%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$154K vs $57.0M OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · Bybit YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0037%/8h × 21 periods−$7.72
Price spread+0.124% → −0.027% (7d avg)+$15.09
Slippage, 4 orderslive order books−$22.85
Fee Kalshi bp × 2 orders−$8.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$34.49
Costs to cover0.419%Break-evennever at this rate
Slippage: Kalshi: live order book, 60 min ago; Bybit: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi6.5614.9 bp−$1522.1 bp−$221doesn’t fitdoesn’t fit
SELL · SHORTBybit0.717.5 bp−$813.0 bp−$13040.7 bp−$4,070doesn’t fit
Closing costs about the same again.
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