Settings8H · net · $10k
Funding arb · Price arb /

COST

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against tradeXYZ+0.060%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$680.675% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.060%, 7d avg +0.047%
Together, before fees−0.085%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:COST898.630.0050pay 0.0006% / 1h12m 56s$1.8M$514K20x
ShortBybit COSTUSDT899.170get 0.0000% / 8h6h 12m$491K$218K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.5
Price spread: +0.060% → +0.047%
$1.34
Slippage, 4 orders
−$38.51
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$76.67
Costs to cover
0.675%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Bybit: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 5 min ago1.17 bp14.4 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 47 min ago4.95 bp21.6 bp −$22196.7 bp −$1,967doesn't fitdoesn't fit

COST on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COSTUSDT0.0000%8h899.05+0.046%$45K$17820xas long as short
Bybit COSTUSDTshort0.0000%8h899.17+0.060%$491K$218K25x
OKX COST-USDT-SWAP0.0000%8h899.38+0.083%$444K$107K10xas long as short
Gate COST_USDT0.0000%8h899.12+0.055%$520K$8K25xas long as short
Bitget COSTUSDT0.0000%8h898.70+0.008%$403K$111K25xas long as short
SunX COST-USDT0.0000%8h898.00−0.070%$2K$3.0M10xas long as short
HTX COST-USDT0.0000%8h898.630.000%$10K$42K10xas long as short
QFEX COST-USD+0.0009%1h898.62−0.001%$1.1M$3.0M10xas long as short
Injective COST/USDC PERP+0.0033%1h891.98−0.740%$2K$28K12xas long as short
Extended COST-USD+0.0040%1h898.25−0.042%10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest COST-USD-PERP+0.0046%1h898.33−0.033%25xas long as short
tradeXYZ xyz:COSTlong+0.0050%1h898.63long leg$1.8M$514K20x
KuCoin COSTUSDTM+0.0100%8h898.10−0.059%$48K$869K20xas long as short
Variational Omni COST+0.0160%8h898.71+0.009%$42K$17Kas long as short
Binance COSTUSDT+0.0287%8h898.88+0.028%$1.1M$934K20xas long as short