Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.530 | +0.0136 | pay 0.0017% / 1h | 23m 59s | $193K | $64K | 10x | Long Entropy | |
| SHORT | 49.330 | 0 | 0.0000% / 8h | 2h 23m | $470K | $33K | 25x | Short Bybit |
Price gap−0.404%54s
Funding gap−0.0136% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.349% 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−$23−0.0136% /8h now · paid −0.231% over the last 7D
Price—spread −0.404%54s now · prices read too far apart to compare
Costs−$1141.140% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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−0.404%
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
/8hTENCENT on 11 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size42.1 / 23.2 bpAt $10k entering Entropy costs 42.1 bp, fee and slippage, 1.8× Bybit’s.
- Note: Margin at max leverage$1,000 + $400Entropy 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: −$4.07Long Entropy: 24 payments, −$4.07; short Bybit: 3 payments, $0.00.
- Watch: Prices read 54 s apart−0.404% vs −0.055%Part of this gap may be the market moving.
- Watch: Long leg is thinner$193K vs $470K OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy No · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0110%/8h × 21 periods−$23.10
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$101.17
Fee Entropy bp × 2 orders−$1.80
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$137.07
price spread not counted: prices read too far apartCosts to cover1.140%Break-evennever at this rate
Slippage: Entropy: live order book, 60 min ago; Bybit: live order book, 65 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy8.0742.1 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit16.2023.2 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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