Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.040%
Price spread now: Bybit against Arcus+0.073%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.073%, 7d avg +0.096%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.023% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BE-USD | 274.06 | 0.0040 | pay 0.0005% / 1h | 5m 30s | $114K | $120K | 10x |
| Short | Bybit BEUSDT | 274.26 | 0 | get 0.0000% / 8h | 5m 30s | $2.0M | $1.2M | 25x |
Arcus BE-USD
Bybit BEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.46
- Price spread: +0.073% → +0.096%
- −$2.27
- Slippage, 4 orders
- −$34.68
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.9
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 7 min ago; Bybit: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 7 min ago | 1.83 bp | 9.3 bp −$9 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.83 bp | 17.1 bp −$17 | 172.1 bp −$1,721 | doesn't fit | doesn't fit |
BE on 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.54 | +0.175% | $345K | $119K | 20x | as long as short |
| Bybit BEUSDTshort | 0.0000% | 8h | 274.26 | +0.073% | $2.0M | $1.2M | 25x | |
| Gate BE_USDT | 0.0000% | 8h | 274.00 | −0.022% | $1.5M | $3.7M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.21 | +0.055% | $1.7M | $2.6M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.33 | +0.099% | $933 | $2.5M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.38 | +0.117% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.00 | −0.022% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.19 | +0.047% | $250K | $380K | 10x | as long as short |
| Arcus BE-USDlong | +0.0040% | 1h | 274.06 | long leg | $114K | $120K | 10x | |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.34 | +0.102% | — | — | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
Lighter BE
Lighter RH BE
Vest BE-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.18 | +0.044% | $5.9M | $2.9M | 10x | as long as short |
| QFEX BE-USD | +0.0073% | 1h | 274.23 | +0.062% | $1.3M | $3.9M | 10x | as long as short |
| Binance BEUSDT | +0.0086% | 8h | 274.28 | +0.080% | $8.5M | $36.8M | 25x | as long as short |
| Extended BE-USD | +0.0088% | 1h | 274.23 | +0.061% | $46K | $270K | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0088% | 1h | 274.13 | +0.026% | $469K | $117K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.08 | +0.007% | $370K | $23K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.27 | +0.077% | — | — | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0105% | 8h | 274.30 | +0.087% | $6K | $182K | 10x | as long as short |
| BloFin BE-USDT | +0.0202% | 8h | 274.26 | +0.073% | $45K | $141K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0251% | 8h | 274.33 | +0.099% | $2.6M | $6.9M | 25x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0626% | 1h | 274.27 | +0.077% | $7K | $4K | 10x | as long as short |
tradeXYZ xyz:BE
QFEX BE-USD
Binance BEUSDT
Extended BE-USD
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
GRVT BE_USDT_Perp
BloFin BE-USDT
OKX BE-USDT-SWAP
Deribit BE_USDC-PERPETUAL