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

BOT

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.1658%/8h= −181.5% APRpaid last 24h +0.140%
Price spread now: tradeXYZ against Bybit−0.096%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2452.450% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.336%+$34 on $10k
Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.096%, 7d avg −0.025%
Together, before fees+0.368%+ Points / potential airdroptradeXYZ: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and tradeXYZ is 0.071% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.336%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BOTUSDT29.1400get 0.0000% / 8h1h 22m$516K$577K25x
ShorttradeXYZ xyz:BOT29.112−0.1658pay 0.0207% / 1h22m 28s$3.1M$791K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$348.08
Price spread: −0.096% → −0.025%
−$7.12
Slippage, 4 orders
−$215.97
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$600.16
Costs to cover
2.450%
Break-even
never at this rate
Slippage from Bybit: live order book, 13 min ago; tradeXYZ: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 13 min ago5.15 bp110.8 bp −$111233.8 bp −$2,338doesn't fitdoesn't fit
Sell tradeXYZ live order book, 6 min ago1.20 bp30.1 bp −$30doesn't fitdoesn't fitdoesn't fit

BOT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:BOTshort−0.1658%1h29.112−0.096%$3.1M$791K10x
OKX BOT-USDT-SWAP−0.1529%8h29.180+0.137%$232K$223K20xas long as short
KuCoin BOTUSDTM−0.0672%8h29.160+0.069%$93K$376K20xas long as short
Binance BOTUSDT−0.0597%8h29.164+0.082%$454K$1.2M10xas long as short
Variational Omni BOT−0.0502%8h29.155+0.051%$31K$14Kas long as short
Bitget BOTUSDT−0.0195%8h29.250+0.377%$243K$130K5xas long as short
QFEX BOT-USD−0.0080%1h29.180+0.137%$1.1M$487K10xas long as short
Bybit BOTUSDTlong0.0000%8h29.140long leg$516K$577K25x
Gate BOT_USDT0.0000%8h29.230+0.309%$251K$232K20xas long as short
Lighter BOT+0.0032%1h29.327+0.642%$67K$1K3xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BOT-USD+0.0040%1h29.110−0.103%$3K$9K5xas long as short
HTX BOT-USDT+0.0100%8h29.176+0.124%$3K$34K10xas long as short