Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 38.010 | 0 | 0.0000% / 8h | 7h 58m | $157K | $12K | 25x | Long Bybit | |
| SHORT | 37.955 | −0.1036 | pay 0.1036% / 8h | 7h 58m | $149K | $97K | 25x | Short Binance |
Price gap−0.145%
Funding gap−0.1036% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $31 a day and eats that in about 2 hours. At the last 7 days' pace that is about 4 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$103−0.1036% /8h now · paid −1.032% over the last 7D
Price+$2spread −0.145% now, avg −0.170% → +0.025% if it goes back
Costs−$3653.648% of $10k · taker + slippage, in and out
Result−$466−4.66%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−0.145%
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
2 ok · 3 to watch- Watch: Thin at this size150.8 / 38.6 bpAt $10k entering Bybit costs 150.8 bp, fee and slippage, 3.9× Binance’s.
- Note: Margin at max leverage$400 + $400Bybit 25x, Binance 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: −$31.09Long Bybit: 3 payments, $0.00; short Binance: 3 payments, −$31.09.
- OK: Entry gap works for you−0.145% vs −0.170%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCBybit Yes · Binance YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0491%/8h × 21 periods−$103.20
Price spread−0.145% → −0.170% (7d avg)+$2.50
Slippage, 4 orderslive order books−$345.80
Fee Bybit bp × 2 orders−$11.00
Fee Binance bp × 2 orders−$8.00
Net · 7 days · $10k−$465.50
Costs to cover3.648%Break-evennever at this rate
Slippage: Bybit: live order book, 28 min ago; Binance: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit17.13150.8 bp−$151doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance11.8838.6 bp−$39154.0 bp−$1,540doesn’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