Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 120.93 | +0.0077 | pay 0.0077% / 8h | 6h 24m | $7K | $103K | 20x | Long Bitget | |
| SHORT | 121.42 | 0 | 0.0000% / 8h | 6h 24m | $34K | $110K | 25x | Short Bybit |
Price gap+0.405%
Funding gap−0.0077% /8h
The gap pays +$32 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 14 days. At the last 7 days' pace that is about 3.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4−0.0077% /8h now · paid −0.036% over the last 10 hours (all we have)
Price+$32spread +0.405% now, avg +0.087% → +0.318% if it goes back
Costs−$3133.133% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.405%
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
/8hCSTOCK on 2 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size20.6 / 189.5 bpAt $10k entering Bybit costs 189.5 bp, fee and slippage, 9.2× Bitget’s.
- Note: Margin at max leverage$500 + $400Bitget 20x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.31Long Bitget: 3 payments, −$2.31; short Bybit: 3 payments, $0.00.
- OK: Entry gap works for you+0.405% vs +0.087%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$7K vs $34K OIBitget sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · Bybit YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0297%/8h × 21 periods−$62.40
Price spread+0.405% → +0.087% (7d avg)+$31.81
Slippage, 4 orderslive order books−$290.26
Fee Bitget bp × 2 orders−$12.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$343.85
Costs to cover3.133%Break-evennever at this rate
Slippage: Bitget: live order book, 40 min ago; Bybit: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget12.7920.6 bp−$2157.0 bp−$570doesn’t fitdoesn’t fit
SELL · SHORTBybit17.22189.5 bp−$189doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.