Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3,995.5 | +0.0126 | pay 0.0016% / 1h | 1m 57s | $144K | $35K | 10x | Long Bullet | |
| SHORT | 3,996.5 | +0.0048 | get 0.0006% / 1h | 1m 57s | $668K | $150K | 20x | Short Popdex |
Price gap+0.026%
Funding gap−0.0078% /8h
Funding costs $2 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$48−0.0078% /8h now · paid −0.480% over the last 7D
Price$0spread +0.026% now, avg +0.025% → +0.001% if it goes back
Costs−$150.152% of $10k · taker + slippage, in and out
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+0.026%
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
/8hXAU on 43 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- OK: Fits both order books2.5 / 3.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Bullet 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.34Long Bullet: 24 payments, −$3.78; short Popdex: 24 payments, +$1.44.
- Note: Gap at its usual level+0.026% vs +0.025%The price leg adds little either way.
- Watch: Long leg is thinner$144K vs $668K OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legBullet No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0229%/8h × 21 periods−$48.00
Price spread+0.026% → +0.025% (7d avg)+$0.08
Slippage, 4 orderslive order books−$8.77
Fee Bullet bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$63.09
Costs to cover0.152%Break-evennever at this rate
Slippage: Bullet: live order book, 38 min ago; Popdex: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet1.132.5 bp−$313.5 bp−$135doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.383.6 bp−$44.0 bp−$4016.2 bp−$1,623doesn’t fit
Closing costs about the same again.
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| 10-23 12:00 | Bybit | Other | @Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗ |


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