Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05912 | spot | no funding | — | — | $1.7M | 1x | Buy Bybit Spot | |
| SHORT | 0.05902 | +0.0100 | get 0.0050% / 4h | 3h 46m | $22.3M | $16.1M | 75x | Short Bybit |
Price gap−0.178%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.079% under its 7d average: −$8 if it goes back, about 2.6 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.0100% /8h now · paid +0.159% over the last 7D
Price−$8spread −0.178% now, avg −0.099% → −0.079% if it goes back
Costs−$1081.075% of $10k · taker + slippage, in and out
Result−$99−0.99%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.178%
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
/8hXPL on 34 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size38.9 / 21.2 bpAt $10k entering Bybit Spot costs 38.9 bp, fee and slippage, 1.8× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $133The spot leg is bought with the whole $10k; Bybit runs at up to 75x. 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— / 4hThe 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−0.178% vs −0.099%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$22.3M OIOnly 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 YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0076%/8h × 21 periods+$15.89
Price spread−0.178% → −0.099% (7d avg)−$7.86
Slippage, 4 orderslive order books−$76.50
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$99.47
Costs to cover1.075%Break-even50.8 days
Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot1.7038.9 bp−$39184.5 bp−$1,845doesn’t fitdoesn’t fit
SELL · SHORTBybit0.8521.2 bp−$2177.7 bp−$777doesn’t fitdoesn’t fit
Closing costs about the same again.
Injective