Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Bybit against tradeXYZ+0.212%7-day average +0.332% · you sell dearer than you buy
Net, funding: paid 7d − costs−$466as in the Funding arb table
Net, price: spread back to 7d avg − costs−$368as in the Price arb table
costs, in and out, $10k−$3563.564% of the position
Funding, last 7 days−1.092%−$109 on $10k
+Price spread, last 4 days (all we have)+0.252%+$25 · spread now +0.212%, 7d avg +0.332%
=Together, before fees−0.840%+ Points / potential airdroptradeXYZ: Active · farm board−$84 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.120% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.332%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MAGS | 72.985 | 0.0050 | pay 0.0006% / 1h | 26m 28s | $1.1M | $291K | 10x |
| Short | Bybit MAGSUSDT | 73.140 | 0 | get 0.0000% / 8h | 2h 26m | $370K | $99K | 25x |
tradeXYZ xyz:MAGS
Bybit MAGSUSDTFunding 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
- −$10.5
- Price spread: +0.212% → +0.332%
- −$11.99
- Slippage, 4 orders
- −$327.45
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$378.94
- Costs to cover
- 3.564%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 1 min ago; Bybit: live order book, 13 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, 1 min ago | 2.26 bp | 41.0 bp −$41 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 13 min ago | 6.15 bp | 129.1 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
MAGS on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MAGSUSDTshort | 0.0000% | 8h | 73.140 | +0.212% | $370K | $99K | 25x | |
| tradeXYZ xyz:MAGSlong | +0.0050% | 1h | 72.985 | long leg | $1.1M | $291K | 10x |