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

USDC

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotUSDCUSDT
1.0010spotno funding——$281.2M1xBuy Bybit Spot
SHORT
BybitUSDCUSDT
1.0003−0.0252pay 0.0252% / 8h7h 44m$8.1M$584K50xShort Bybit
Price gap−0.065%
Funding gap−0.0252% /8h

Both sides work against this pair now: funding costs $8 a day on $10k and the gap is 0.034% 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+$9−0.0252% /8h now · paid +0.094% over the last 7D
Price−$3spread −0.065% now, avg −0.031% → −0.034% if it goes back
Costs−$330.330% of $10k · taker + slippage, in and out
Result−$27−0.27%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.094% in total, about +0.0045%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.065%
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

USDC on 8 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • OK: Fits both order books10.5 / 6.0 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— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$7.55Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$7.55.
  • Watch: Gap narrower than usual−0.065% vs −0.031%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$8.1M 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+0.0045%/8h × 21 periods+$9.41
Price spread−0.065% → −0.031% (7d avg)−$3.37
Slippage, 4 orderslive order books−$2.00
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$26.96
Costs to cover0.330%Break-even27.0 days
Slippage: Bybit Spot: live order book, 2 min ago; Bybit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot0.5010.5 bp−$1010.5 bp−$10510.5 bp−$1,05010.5 bp−$5,250
SELL · SHORTBybit0.506.0 bp−$66.0 bp−$607.3 bp−$731doesn’t fit

Closing costs about the same again.

Alert

USDC news

posts that mention USDC, from every exchange
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