Funding you earn now, next payment 02:00 UTC+0.0837%/8h= +91.6% APRpaid last 24h −0.039%
Price spread now: Bybit against tradeXYZ+0.016%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2602.601% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.016%, 7d avg +0.070%
=Together, before fees−0.098%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.054% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.070%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% 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 | tradeXYZ xyz:BX | 126.23 | −0.0837 | get 0.0105% / 1h | 19m 46s | $664K | $210K | 10x |
| Short | Bybit BXUSDT | 126.25 | 0 | get 0.0000% / 8h | 6h 19m | $485K | $866K | 25x |
tradeXYZ xyz:BX
Bybit BXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against tradeXYZ. 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
- $175.73
- Price spread: +0.016% → +0.070%
- −$5.42
- Slippage, 4 orders
- −$231.13
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.82
- Costs to cover
- 2.601%
- Break-even
- 10.6 days
Slippage from tradeXYZ: live order book, 27 min ago; Bybit: live order book, 45 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 tradeXYZ live order book, 27 min ago | 2.77 bp | 27.6 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 45 min ago | 2.77 bp | 93.2 bp −$93 | 241.8 bp −$2,418 | doesn't fit | doesn't fit |
BX on 14 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:BXlong | −0.0837% | 1h | 126.23 | long leg | $664K | $210K | 10x | |
| Aster BXUSDT | 0.0000% | 8h | 126.22 | −0.008% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDTshort | 0.0000% | 8h | 126.25 | +0.016% | $485K | $866K | 25x | |
| QFEX BX-USD | 0.0000% | 1h | 127.01 | +0.618% | $1.1M | $1.4M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.33 | +0.079% | $423K | $27K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.38 | +0.119% | $898K | $36K | 20x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.27 | +0.032% | $461 | $316K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.33 | +0.079% | $7K | $3K | 20x | as long as short |
| OKX BX-USDT-SWAP | +0.0103% | 8h | 126.40 | +0.135% | $164K | $114K | 20x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.82 | +9.974% | $4K | $32K | 12x | as long as short |
Aster BXUSDT
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
SunX BX-USDT
HTX BX-USDT
OKX BX-USDT-SWAP
Injective BX/USDC PERPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BX_USDT_Perp | +0.0251% | 8h | 126.29 | +0.050% | $993 | $120K | 10x | as long as short |
| KuCoin BXUSDTM | +0.0794% | 8h | 126.04 | −0.151% | $114K | $1.0M | 20x | as long as short |
| Variational Omni BX | +0.1056% | 8h | 126.25 | +0.018% | $36K | $5K | — | as long as short |
| Binance BXUSDT | +0.1391% | 8h | 126.32 | +0.071% | $786K | $482K | 20x | as long as short |
GRVT BX_USDT_Perp
KuCoin BXUSDTM
Variational Omni BX
Binance BXUSDT