Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 10.164 | +0.0024 | pay 0.0003% / 1h | 0m 48s | $29K | $346K | 10x | Long Extended10% off | |
| SHORT | 10.171 | 0 | 0.0000% / 8h | 3h 00m | $374K | $89K | 25x | Short Bybit |
Price gap+0.069%
Funding gap−0.0024% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.024% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$24−0.0024% /8h now · paid +0.241% over the last 7D
Price−$2spread +0.069% now, avg +0.093% → −0.024% if it goes back
Costs−$2162.158% of $10k · taker + slippage, in and out
Result−$194−1.94%+ Points / potential airdropExtended: 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+0.069%
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
1 ok · 5 to watch- Watch: Thin at this size22.5 / 83.3 bpAt $10k entering Bybit costs 83.3 bp, fee and slippage, 3.7× Extended’s.
- Note: Margin at max leverage$1,000 + $400Extended 10x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.72Long Extended: 24 payments, −$0.72; short Bybit: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.069% vs +0.093%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$29K vs $374K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended No · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0115%/8h × 21 periods+$24.14
Price spread+0.069% → +0.093% (7d avg)−$2.45
Slippage, 4 orderslive order books−$199.82
Fee Extended bp × 2 orders−$5.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$194.12
Costs to cover2.158%Break-even63.3 days
Slippage: Extended: live order book, 42 min ago; Bybit: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended7.3822.5 bp−$22137.7 bp−$1,377doesn’t fitdoesn’t fit
SELL · SHORTBybit3.9383.3 bp−$83136.0 bp−$1,360doesn’t fitdoesn’t fit
Closing costs about the same again.