Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 10.174 | 0 | 0.0000% / 8h | 2h 58m | $374K | $89K | 25x | Long Bybit | |
| SHORT | 10.168 | +0.0050 | get 0.0006% / 1h | 58m 58s | $1.6M | $488K | 10x | Short tradeXYZ |
Price gap−0.059%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.114% above its 7d average: +$11 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$29+0.0050% /8h now · paid −0.291% over the last 7D
Price+$11spread −0.059% now, avg −0.173% → +0.114% if it goes back
Costs−$1931.926% of $10k · taker + slippage, in and out
Result−$210−2.10%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.059%
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
/8hNOK on 18 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size86.8 / 5.6 bpAt $10k entering Bybit costs 86.8 bp, fee and slippage, 15.4× tradeXYZ’s.
- Note: Margin at max leverage$400 + $1,000Bybit 25x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.50Long Bybit: 3 payments, $0.00; short tradeXYZ: 24 payments, +$1.50.
- OK: Entry gap works for you−0.059% vs −0.173%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$374K vs $1.6M OIBybit sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBybit Yes · tradeXYZ NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0139%/8h × 21 periods−$29.12
Price spread−0.059% → −0.173% (7d avg)+$11.38
Slippage, 4 orderslive order books−$179.85
Fee Bybit bp × 2 orders−$11.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$210.39
Costs to cover1.926%Break-evennever at this rate
Slippage: Bybit: live order book, 41 min ago; tradeXYZ: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit3.9386.8 bp−$87130.1 bp−$1,301doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ3.455.6 bp−$625.0 bp−$250199.6 bp−$20.0Kdoesn’t fit
Closing costs about the same again.