Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.135%
Price spread now: Bybit against Entropy+0.122%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1411.408% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.122%, 7d avg −0.009%
=The price spread pays, funding is against you. Bybit is 0.131% dearer against Entropy than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.009%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.7 days. At the pace of the last 7 days (−0.388% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:IONQ | 40.211 | 0.0050 | pay 0.0006% / 1h | 13m 45s | $39K | $185K | 10x |
| Short | Bybit IONQUSDT | 40.260 | 0 | get 0.0000% / 8h | 2h 13m | $680K | $254K | 25x |
Entropy io:IONQ
Bybit IONQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Entropy. 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
- −$10.5
- Price spread: +0.122% → −0.009%
- $13.07
- Slippage, 4 orders
- −$111.77
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$138.2
- Costs to cover
- 1.408%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 61 min ago; Bybit: live order book, 27 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 Entropy live order book, 61 min ago | 16.32 bp | 46.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 27 min ago | 3.73 bp | 37.7 bp −$38 | 204.4 bp −$2,044 | doesn't fit | doesn't fit |
IONQ 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IONQUSDT | −0.0380% | 8h | 40.270 | +0.147% | $1.5M | $415K | 20x | as long as short |
| BloFin IONQ-USDT | −0.0026% | 8h | 40.200 | −0.027% | $49K | $9K | 20x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.270 | +0.147% | $740K | $1.3M | 20x | as long as short |
| Bybit IONQUSDTshort | 0.0000% | 8h | 40.260 | +0.122% | $680K | $254K | 25x | |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.240 | +0.072% | $132K | $267K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.230 | +0.047% | $1.1M | $557K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 40.300 | +0.221% | $484K | $498K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.240 | +0.072% | $7K | $17K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.260 | +0.122% | $694K | $102K | 20x | as long as short |
| Entropy io:IONQlong | +0.0050% | 1h | 40.211 | long leg | $39K | $185K | 10x |
Bitget IONQUSDT
BloFin IONQ-USDT
Binance IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
Phemex IONQUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.310 | +0.246% | $38K | $2.9M | 20x | as long as short |
| edgeX IONQUSDC | +0.0672% | 4h | 40.215 | +0.011% | $1K | $188K | 10x | as long as short |
KuCoin IONQUSDTM
edgeX IONQUSDC