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

USD1

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotUSD1USDT
0.9997spotno funding——$27.1M1xBuy Bybit Spot
SHORT
BybitUSD1USDT
0.9984−0.0306pay 0.0153% / 4h3h 10m$603K$116K50xShort Bybit
Price gap−0.125%
Funding gap−0.0306% /8h

Both sides work against this pair now: funding costs $9 a day on $10k and the gap is 0.057% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$3−0.0306% /8h now · paid +0.033% over the last 7D
Price−$6spread −0.125% now, avg −0.068% → −0.057% if it goes back
Costs−$360.363% of $10k · taker + slippage, in and out
Result−$39−0.39%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.033% in total, about +0.0016%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.125%
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

USD1 on 3 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • OK: Fits both order books10.5 / 7.5 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Bybit runs at up to 50x. 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: −$9.17Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$9.17.
  • Watch: Gap narrower than usual−0.125% vs −0.068%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$603K 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+0.0016%/8h × 21 periods+$3.33
Price spread−0.125% → −0.068% (7d avg)−$5.71
Slippage, 4 orderslive order books−$5.31
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$38.69
Costs to cover0.363%Break-even88.4 days
Slippage: Bybit Spot: live order book, 6 min ago; Bybit: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot0.5010.5 bp−$1110.7 bp−$10712.3 bp−$1,231doesn’t fit
SELL · SHORTBybit0.507.5 bp−$812.5 bp−$125doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

USD1 news

posts that mention USD1, from every exchange
11-03 07:08BinanceOtherLatest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
11-03 04:08BinanceIncidentWithdrawal Update Withdrawals have now been restored for the following assets and networks: ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases following the completion of our security checks. Further updates will be shared through official Binance channels. @binance on X ↗
11-03 04:00AsterPointsAnother epoch, another high. USD1 RWA Boost closed Epoch 9 with $278.2M in open interest. Epoch 10 is live. Make your moves. @Aster_DEX on X ↗
10-29 17:00BinanceTokenUSD1 holders, we're not done yet 😎 • Airdrop: extended ✔️ • Up to 8% APR (variable): ✔️ • 2.5M USD1 rewards: extended ✔️ 👉 @binance on X ↗
10-27 06:18AsterOther1,500+ traders showed up for USD1 RWA Boost last week. New week, fresh rewards: ~$700K in USD1 & WLFI. You in? @Aster_DEX on X ↗
10-26 00:00AsterContestMore rewards for your grids? We've got you. Starting October 26, we're adding a new $WLFI reward pool to Aster Grid Liquidity Mining and extending the campaign for another four weeks. Each week, eligible grids will share: - 10,000 $ASTER on USDT pairs - 130,000 $WLFI on USD1 pairs Getting involved is simple: ① Pick an eligible pair ② Set up your Perp Grid ③ Come back daily to claim your rewards Everything runs natively on Aster, with 0% maker fees and no third-party bot needed. Get started: @Aster_DEX on X ↗