Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h +0.061%
Price spread now: tradeXYZ against Bybit−0.020%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2632.634% of the position
Funding, last 7 days+0.488%+$49 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.020%, 7d avg −0.111%
=Together, before fees+0.438%+ Points / potential airdroptradeXYZ: Active · farm board+$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.091% dearer against Bybit than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.111%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.488%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NETUSDT | 352.61 | 0 | get 0.0000% / 8h | 40m 41s | $383K | $111K | 25x |
| Short | tradeXYZ xyz:NET | 352.54 | −0.0055 | pay 0.0007% / 1h | 40m 41s | $371K | $188K | 10x |
Bybit NETUSDT
tradeXYZ xyz:NETFunding 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
- −$11.58
- Price spread: −0.020% → −0.111%
- $9.11
- Slippage, 4 orders
- −$234.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$265.83
- Costs to cover
- 2.634%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 29 min ago; tradeXYZ: live order book, 26 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, 29 min ago | 4.26 bp | 94.7 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 26 min ago | 8.09 bp | 31.7 bp −$32 | 43.1 bp −$431 | doesn't fit | doesn't fit |
NET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:NET | −0.0283% | 1h | 352.70 | +0.026% | $175K | $38K | 10x | as long as short |
| tradeXYZ xyz:NETshort | −0.0055% | 1h | 352.54 | −0.020% | $371K | $188K | 10x | |
| edgeX NETUSDC | −0.0012% | 4h | 352.75 | +0.041% | $37K | $324K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 352.49 | −0.035% | $368K | $853K | 20x | as long as short |
| Bybit NETUSDTlong | 0.0000% | 8h | 352.61 | long leg | $383K | $111K | 25x | |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 352.39 | −0.062% | $177K | $108K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.80 | −0.230% | $39K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 352.78 | +0.048% | $205K | $626K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 352.77 | +0.045% | $9K | $351K | 20x | as long as short |
| Phoenix NET | +0.0113% | 1h | 352.90 | +0.082% | $165 | $85K | 10x | as long as short |
Paragon para:NET
edgeX NETUSDC
Binance NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
Phoenix NET