Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 37.935 | −0.1143 | get 0.1143% / 8h | 7m 53s | $149K | $97K | 25x | Long Binance | |
| SHORT | 37.985 | 0 | 0.0000% / 8h | 7m 53s | $157K | $11K | 25x | Short Bybit |
Price gap+0.132%
Funding gap+0.1143% /8h
Funding pays +$34 a day on $10k, but the gap is 0.038% under its 7d average: −$4 if it goes back, about 3 hours of funding. At the last 7 days' pace that is about 6 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$103+0.1143% /8h now · paid +1.032% over the last 7D
Price−$4spread +0.132% now, avg +0.170% → −0.038% if it goes back
Costs−$3653.648% of $10k · taker + slippage, in and out
Result−$265−2.65%no points
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+0.132%
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
/8hTBT on 10 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size67.8 / 107.6 bpAt $10k entering Bybit costs 107.6 bp, fee and slippage, 1.6× Binance’s.
- Note: Margin at max leverage$400 + $400Binance 25x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$34.29Long Binance: 3 payments, +$34.29; short Bybit: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.132% vs +0.170%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$149K vs $157K OIBinance sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · Bybit YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0491%/8h × 21 periods+$103.20
Price spread+0.132% → +0.170% (7d avg)−$3.81
Slippage, 4 orderslive order books−$345.80
Fee Binance bp × 2 orders−$8.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$265.41
Costs to cover3.648%Break-even25.0 days
Slippage: Binance: live order book, 30 min ago; Bybit: live order book, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance11.8867.8 bp−$68156.4 bp−$1,564doesn’t fitdoesn’t fit
SELL · SHORTBybit17.13107.6 bp−$108doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
TBT news
posts that mention TBT, from every exchange| 11-04 18:03 | Variational Omni | Listing | ProShares UltraShort 20+ Year Treasury $TBT perps are now live with zero fees and up to 10x leverage. @variational_io on X ↗ |
| 11-04 07:12 | Variational Omni | Listing | new market TBT ($TBT) seen by our collector |
Variational Omni