Funding arb · Price arb / Crypto
WAVES
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2222 | spot | no funding | — | — | $191K | 1x | Buy Bybit Spot | |
| SHORT | 0.2219 | +0.0100 | get 0.0100% / 8h | 2h 03m | $777K | $1.0M | 20x | Short Bybit |
Price gap−0.135%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.066% under its 7d average: −$7 if it goes back, about 2.2 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15+0.0100% /8h now · paid −0.146% over the last 7D
Price−$7spread −0.135% now, avg −0.069% → −0.066% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$21−0.21%no pointscosts unknown: book too thin at $10k ·
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.135%
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
/8hWAVES on 5 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Bybit Spot’s order book right now.
- Note: Spot in full, margin on the short$10,000 + $500The spot leg is bought with the whole $10k; Bybit runs at up to 20x. 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— / 8hThe spot leg pays no funding; Bybit settles every 8h.Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.135% vs −0.069%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thin$777K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Spot Yes · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0069%/8h × 21 periods−$14.57
Price spread−0.135% → −0.069% (7d avg)−$6.57
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot15.59doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit6.7557.9 bp−$58312.3 bp−$3,123doesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC