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
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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BOTUSDT | 29.140 | 0 | get 0.0000% / 8h | 1h 22m | $516K | $577K | 25x |
| Short | tradeXYZ xyz:BOT | 29.112 | −0.1658 | pay 0.0207% / 1h | 22m 28s | $3.1M | $791K | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 13 min ago | 5.15 bp | 110.8 bp −$111 | 233.8 bp −$2,338 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.20 bp | 30.1 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
BOT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BOTshort | −0.1658% | 1h | 29.112 | −0.096% | $3.1M | $791K | 10x | |
| OKX BOT-USDT-SWAP | −0.1529% | 8h | 29.180 | +0.137% | $232K | $223K | 20x | as long as short |
| KuCoin BOTUSDTM | −0.0672% | 8h | 29.160 | +0.069% | $93K | $376K | 20x | as long as short |
| Binance BOTUSDT | −0.0597% | 8h | 29.164 | +0.082% | $454K | $1.2M | 10x | as long as short |
| Variational Omni BOT | −0.0502% | 8h | 29.155 | +0.051% | $31K | $14K | — | as long as short |
| Bitget BOTUSDT | −0.0195% | 8h | 29.250 | +0.377% | $243K | $130K | 5x | as long as short |
| QFEX BOT-USD | −0.0080% | 1h | 29.180 | +0.137% | $1.1M | $487K | 10x | as long as short |
| Bybit BOTUSDTlong | 0.0000% | 8h | 29.140 | long leg | $516K | $577K | 25x | |
| Gate BOT_USDT | 0.0000% | 8h | 29.230 | +0.309% | $251K | $232K | 20x | as long as short |
| Lighter BOT | +0.0032% | 1h | 29.327 | +0.642% | $67K | $1K | 3x | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | +0.0040% | 1h | 29.110 | −0.103% | $3K | $9K | 5x | as long as short |
| HTX BOT-USDT | +0.0100% | 8h | 29.176 | +0.124% | $3K | $34K | 10x | as long as short |
Bybit BOTUSDT
tradeXYZ xyz:BOT
OKX BOT-USDT-SWAP
KuCoin BOTUSDTM
Binance BOTUSDT
Variational Omni BOT
Bitget BOTUSDT
Gate BOT_USDT
Lighter BOT
HTX BOT-USDT