Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.106%
Price spread now: Bybit against Extended+0.054%7-day average +0.309% · you sell dearer than you buy
Net, funding: paid 7d − costs−$432as in the Funding arb table
Net, price: spread back to 7d avg − costs−$440as in the Price arb table
costs, in and out, $10k−$4154.148% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now +0.054%, 7d avg +0.309%
=Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.254% cheaper against Extended than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.309%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended US-USD | 0.01637 | 0.0224 | pay 0.0028% / 1h | 54m 18s | $5K | $97K | 5x |
| Short | Bybit USUSDT | 0.01638 | 0.0100 | get 0.0050% / 4h | 54m 18s | $3.2M | $924K | 20x |
Extended US-USD
Bybit USUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.04
- Price spread: +0.054% → +0.309%
- −$25.42
- Slippage, 4 orders
- −$398.83
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$466.29
- Costs to cover
- 4.148%
- Break-even
- never at this rate
Slippage from Extended: live order book, 54 min ago; Bybit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 54 min ago | 6.42 bp | 84.1 bp −$84 | 818.7 bp −$8,187 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.12 bp | 100.6 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
US on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDTshort | +0.0100% | 4h | 0.01638 | +0.054% | $3.2M | $924K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01635 | −0.129% | $2.1M | $585K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01633 | −0.275% | $4.1M | $288K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01637 | +0.007% | $16K | $3K | — | as long as short |
| BloFin US-USDT | +0.0189% | 4h | 0.01636 | −0.086% | $484K | $48K | 10x | as long as short |
| Binance USUSDT | +0.0222% | 4h | 0.01637 | −0.001% | $9.1M | $3.3M | 10x | as long as short |
| Extended US-USDlong | +0.0224% | 1h | 0.01637 | long leg | $5K | $97K | 5x | |
| MEXC US_USDT | +0.0230% | 4h | 0.01638 | +0.024% | $5.5M | $111K | 100x | as long as short |
| Aster USUSDT | +0.0271% | 4h | 0.01637 | −0.035% | $12K | $54K | 5x | as long as short |
| Bitget USUSDT | +0.0312% | 4h | 0.01639 | +0.091% | $4.3M | $260K | 10x | as long as short |
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
BloFin US-USDT
Binance USUSDT
MEXC US_USDT
Aster USUSDT
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0322% | 4h | 0.01638 | +0.061% | — | $1.3M | — | as long as short |
BingX US-USDT