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

WET

All WET markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotWETUSDT
0.04931spotno funding——$251K1xBuy Bybit Spot
SHORT
BybitWETUSDT
0.04931+0.0100get 0.0050% / 4h8m 02s$1.1M$331K50xShort Bybit
Price gap−0.010%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.093% under its 7d average: −$9 if it goes back, about 3.1 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$21+0.0100% /8h now · paid +0.210% over the last 7D
Price−$9spread −0.010% now, avg +0.083% → −0.093% if it goes back
Costs−$1841.841% of $10k · taker + slippage, in and out
Result−$172−1.72%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.010%
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

WET on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size39.5 / 58.6 bp
    At $10k entering Bybit costs 58.6 bp, fee and slippage, 1.5× Bybit Spot’s.
  • 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: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.010% vs +0.083%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$1.1M 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+0.0100%/8h × 21 periods+$21.00
Price spread−0.010% → +0.083% (7d avg)−$9.29
Slippage, 4 orderslive order books−$153.11
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$172.40
Costs to cover1.841%Break-even64.5 days
Slippage: Bybit Spot: live order book, 54 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot7.1639.5 bp−$39doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.0758.6 bp−$591023.2 bp−$10.2Kdoesn’t fitdoesn’t fit

Closing costs about the same again.

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