Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%
Price spread now: Bybit against tradeXYZ+0.040%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1061.062% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now +0.040%, 7d avg +0.069%
=Together, before fees+0.047%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.029% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:WDC | 450.90 | 0.0050 | pay 0.0006% / 1h | 32m 37s | $2.4M | $2.1M | 10x |
| Short | Bybit WDCUSDT | 451.08 | 0 | get 0.0000% / 8h | 4h 32m | $1.9M | $852K | 25x |
tradeXYZ xyz:WDC
Bybit WDCUSDTFunding 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 itlatest
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: +0.040% → +0.069%
- −$2.88
- Slippage, 4 orders
- −$77.25
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.63
- Costs to cover
- 1.062%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Bybit: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 5 min ago | 1.33 bp | 15.7 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.22 bp | 15.3 bp −$15 | 133.7 bp −$1,337 | doesn't fit | doesn't fit |
WDC on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX WDCUSDC | −0.0128% | 4h | 451.06 | +0.035% | $50K | $230K | 10x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 451.00 | +0.022% | $11K | $115K | 20x | as long as short |
| Bybit WDCUSDTshort | 0.0000% | 8h | 451.08 | +0.040% | $1.9M | $852K | 25x | |
| Gate WDC_USDT | 0.0000% | 8h | 451.10 | +0.044% | $1.9M | $2.4M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 451.23 | +0.073% | $1.2M | $1.1M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 450.91 | +0.002% | — | — | 10x | as long as short |
| Extended WDC-USD | +0.0040% | 1h | 451.13 | +0.050% | $6K | $137K | 10x | as long as short |
| Binance WDCUSDT | +0.0042% | 8h | 451.25 | +0.078% | $7.5M | $24.7M | 20x | as long as short |
| BloFin WDC-USDT | +0.0044% | 8h | 451.10 | +0.044% | $146K | $94K | 20x | as long as short |
| tradeXYZ xyz:WDClong | +0.0050% | 1h | 450.90 | long leg | $2.4M | $2.1M | 10x |
edgeX WDCUSDC
Aster WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
Lighter WDC
Extended WDC-USD
Binance WDCUSDT
BloFin WDC-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX WDC-USD | +0.0058% | 1h | 450.97 | +0.016% | $1.1M | $3.5M | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 451.04 | +0.031% | $277K | $45K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 451.02 | +0.027% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 451.20 | +0.067% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 451.30 | +0.089% | $33K | $8K | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0137% | 8h | 451.29 | +0.086% | $2.2M | $3.9M | 20x | as long as short |
| GRVT WDC_USDT_Perp | +0.0207% | 8h | 451.09 | +0.041% | $528 | $156K | 10x | as long as short |
QFEX WDC-USD
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
OKX WDC-USDT-SWAP
GRVT WDC_USDT_Perp