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

YFI

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotYFIUSDT
1,984.5spotno funding——$181K1xBuy Bybit Spot
SHORT
BybitYFIUSDT
1,984+0.0054get 0.0054% / 8h1h 05m$779K$580K25xShort Bybit
Price gap−0.025%
Funding gap+0.0054% /8h

Funding pays +$2 a day on $10k, but the gap is 0.043% under its 7d average: −$4 if it goes back, about 2.7 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$9+0.0054% /8h now · paid −0.095% over the last 7D
Price−$4spread −0.025% now, avg +0.018% → −0.043% if it goes back
Costs−$1531.530% of $10k · taker + slippage, in and out
Result−$167−1.67%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.025%
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

YFI on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size45.1 / 40.0 bp
    At $10k entering Bybit Spot costs 45.1 bp, fee and slippage, 1.1× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The spot leg is bought with the whole $10k; Bybit runs at up to 25x. 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: +$1.63Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$1.63.
  • Watch: Gap narrower than usual−0.025% vs +0.018%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$779K 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−0.0045%/8h × 21 periods−$9.50
Price spread−0.025% → +0.018% (7d avg)−$4.32
Slippage, 4 orderslive order books−$121.96
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$166.78
Costs to cover1.530%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 38 min ago; Bybit: live order book, 42 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot7.5445.1 bp−$45doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.0340.0 bp−$40314.4 bp−$3,144doesn’t fitdoesn’t fit

Closing costs about the same again.

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